Word: inverforth
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Died. Andrew Weir, Baron Inverforth, 90, British shipping (Andrew Weir Shipping & Trading Co., Ltd.) and communications tycoon, Minister of Munitions (1919-21); in London...
Since 1931 the U. S. company has been administered as part of the Lipton estate by Lord Inverforth and other Lipton trustees. Its sale last February brought it not only into closer union with the English company but into the corporate constellation of Unilever, Ltd., huge European margarine and soap combine (TIME, Oct. 15, 1934). Many a U. S. investor was surprised to learn last week that Lipton, Ltd. is among the myriad companies which Unilever dominates...
Andrew Weir, Baron Inverforth, P. C., 66, was elected president of Thomas J. Lipton, Inc. succeeding the late great Sir Thomas Johnstone Lipton. Self-made like Sir Thomas, Lord Inverforth started his career when he left school at 15 to work in a bank. Five years later he fulfilled a deep-rooted ambition when he bought a sailing ship for the coastwise trade, ten years later went into steam. After the turn of the century he became prominent in both banking and shipping, lived quietly, reinvested his increasing fortune. He was raised to the peerage in 1919 after he became...
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