Echo of a Financial Smash.

Waikato Times, Volume 107, Issue 17973, 19 March 1930, Page 15

Echo of a Financial Smash.

WHO WILL OWN THE GOLDEN ARROW?

What will be the fate of the Golden Arrow, the wonder motor-car shaped like a giant fish, with which Sir Henry Segrave won the world’s record land speed record at Daytona, U.S.A.?

This question is being asked among motorists owing to the financial failure of Mr Henry S. Home. The car, which, it is understood, was his personal property, is on the way back from Barcelona, where itwas exhibited. It was intended to place it in a museum at Kensington. It is surely one of the most curious assets with which an official receiver has over had to deal. The car took two years to build and cost something like £20,000. It was owing to Mr Horne’s generosity that Sir Henry Segrave was able to regain the record for Britain. i One day Mr Home went into Segrave s office and” said; “We ought to get this record back. Will you have a shot- at it? If so, go and build a motor-car fit for the job, and spend any money necessary for the purpose.” It is not quite clear whether the museum or the official receiver is entitled. to the car. Several of our leading racing drivers, anxious' to make an attempt on the speed record, would no doubt, if it came into the market, make a bid for it. The designer, Captain Irving, believes that the car is capable of a much greater speed that was achieved at Daytona. It was geared down then to approximately 240 miles an hour, whereas its maximum is believed to be about 270 miles.