OBITUARY

Hokitika Guardian, 18 July 1933, Page 5

OBITUARY

SIR JOHN ELLERMAN

(United Press Association—By Telegraph—Copyright.'

(Received this day at 10.9 a.m.)

LONDON, July 17

The death has occurred of Sir John i Ellennan, one of the richest men in Britain, reputed to be worth £30,000,- ! 000. Although among London’s largest landowners he was almost unknown to the public. His income was estimated at a million, yearly, of which he spent ; loinly five per cent., investing the sor- j plus. He .g.?.:vc generously to charity, j It is believed that no millionaire in ! the world suffered so little as he did from the depression because of the high ralues of everything with which his name wos associated. Ellennnn was described a ls a modern Dick Whittington. He came to London as a clerk and soon began business for himself ( as an accountant. Ellermon knew, Inoifching about shipping, but at the age of 27, he formed a company to buy the Ley!,and line. He afterwards (bought other lines which were in low water and became known as a s’n pp-jng wizard, as he turned them all into prosperous paths. At one time ho controlled nearly three hundred ships, and know without, reference to documents exactly where, e-mh was, and the freight it. carried. 1 Ho had 'no extravagant hobbies, ho shunned publicity, and had refused a peerage