Word: bute
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Died. John Crichton-Stuart, fourth Marquess of Bute, 65, publicity-shy multimillionaire (an estimated $200 million), who in 1938 made probably the biggest real-estate sale in Empire history (half of the city of Cardiff, Wales, for about $32 million); of cerebral thrombosis; at Mountstuart, the Isle of Bute...
Publicity-hating, 56-year-old John Crichton-Stuart, fourth Marquess of Bute, was quietly sunning himself last week in Morocco. In smoky Cardiff, Wales, an anxious City Council was worried over the rich noble lord's latest business deal. Announcement had just been made that Lord Bute-a collector of castles, the largest individual coal royalty owner in Britain, descendant of the 14th-Century Scottish King Robert III, possessor of 14 titles-was disposing of half of Cardiff's real estate to an unidentified London syndicate. Reported to involve from $100,000,000 down...
Although keeping four Scottish homes, Lord Bute and ancestors have long concentrated their financial interests in Welsh coal mines, which now pay about $545,000 a year and for which the Government will give $10,000,000 when they are nationalized. To handle the coal, the Crichton-Stuarts built most of Cardiff's enormous docks. But even more lucrative of late have been the family's vast Cardiff real-estate holdings, from which $750,000 yearly in long-term leases was gleaned. Docks and real estate were both included in the sale-20,000 houses, the Cardiff Shipping...
Handling the deal for Lord Bute in London was his 28-year-old second son, Lord Robert Crichton-Stuart. Arriving in Manhattan this week. Lord Robert vehemently denied his father intended to invest his money in America...
...Church of England is today the largest recipient of royalties from British coal, draws some $1,850,000 yearly, while the Duke of Hamilton gets $565,000 and the Marquess of Bute $545,000. The Church is not expected to protest as Conservative Socialism cuts its revenues, wisely figuring that, if it gets as much as Mr. Chamberlain wants to give, it should in these times thank...