MADE TEN MILLIONS

Rotorua Morning Post, Volume 2, Issue 399, 7 December 1932, Page 6

MADE TEN MILLIONS

FAILURE OF MAN WHO MADE FORTUNE FOR HIS COUNTRY. A man who made £10,000,000 for the Government at the end of the war had his aiibir:' inwtigated at a f'tatuiory firsc meeting of creditors j h i i in London, says a London paper. j Ha was Mr. Bryan La ig, a com- J ; r:v da'ei-^'or, of Bunlingford Ileris. ' GrvV.s liabiiities were esiimuled at niil{ as.- et ■ nil, apurt frt-m ,-aiarcs held as secunty for loans. It wa- stated tnat from 1900 to i;;08 Mr. Laing was intevested in shipbnildiiig a;- Suud-.-rland, and in tlie wa:* he se.wcd with the Fc.rces. In 1918 he wonc to S.uith America !* the Miui-try oi" Sh1pping, and * •., •.breetor of ;-hipplng in that . r.-.try until April, 1919. Then he v,'«s apj'ointed assistant director for | ,]r.. aal* of shlps at the Ministry of j yiFpidng. ! ri- hoia that posiiion until Octoher, I 1920, and eondncted the sale of ships | ••v, ing to £ 1 1 7.609,000, with a rvroA ■;.) ih • klnisay of over £10,009,000. I ir.kn.-o thon he had acted as director ,f a numr.er of coal companies. He attribut.'-d his present posilton ,» having guaranteed the liahilities of various companies. | A trustee was appointed.