247:), Philipps set up his own shipping firm Philipps & Co in 1888, bought his first ship in 1889 and by the end of the nineteenth century the two brothers owned two shipping lines (King Line Ltd and the Scottish Steamship Company), a finance company (the London Maritime Investment Company), and the London and Thames Haven Petroleum Wharf. Taking advantage of a low share price, the brothers acquired shares in the
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of the house, and passed under an arch of laurel and evergreen which had been built over the gates. All who knew him acquitted him of any desire to act criminally, and they laid the responsibility on the assumption of duties beyond the power of any individual to bear and on a certain financial recklessness and a belief in the future which events showed was unjustified.
485:
413:, who was unhappy with the way debenture stock was being issued, especially a £2,000,000 issue in 1928. Lord St Davids made his concerns public, and the stock market values of the whole group declined sharply. Worried by these revelations and fearing an economic crisis, the British government appointed the accountant
270:, without consulting other board members. At the same time, the complex share structure of the companies within the Royal Mail Steam Packet Company group allowed him to continue his control of the group while hiding trading losses in individual firms by moving reserves around. In 1924 Kylsant also became chairman of
417:
to investigate the group's finances. His report issued in early 1930 revealed that Royal Mail Steam Packet
Company had liabilities in excess of £10,000,000. This was enough for the banks to act, and much of Kylsant's powers were removed to trustees appointed by the banks, although Kylsant remained
479:
Lord
Kylsant bore his trial with great dignity, cast no blame on any colleagues, and on return to ordinary life retired to his residence in South Wales. On his return to Coomb he was given a warm welcome and his car was drawn by 40 men at a running pace for about a quarter of a mile to the entrance
422:
on holiday, and in his absence McLintock revealed that for several years the Royal Mail Steam Packet group had been paying dividends to stockholders despite trading at a loss. McLintock did not report this activity as fraudulent, although politicians used the term when the matter was discussed in
450:. Both men pleaded not guilty to all charges. At the end of the trial, while both men were found not guilty of the first two charges, Kylsant was found guilty of the final charge of issuing a document with intent to deceive. Morland was discharged and Kylsant was sentenced to twelve months'
44:
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on 16 September 1902 Mai Alice
Magdalene Morris, daughter of Thomas Morris, of Coomb, Carmarthenshire. They had three daughters. When Lord Kylsant died at the age of 74, the barony became extinct as he had no sons. His daughter Nesta Philipps, who had married
438:
the same offences. Kylsant was also charged with issuing a document (the prospectus issued for the 1928 debenture stock issue) with intent to deceive, contrary to section 84 of the
Larceny Act 1861. Both men were committed for trial at the
251:, and by 1902 Owen had become chairman and managing director of the line. Over the next twenty years he and the Royal Mail Steam Packet Company acquired a controlling interest in more than twenty other companies, including the
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constituency, especially in view of his plans to live in the constituency, at Coomb
Mansion, the birthplace of Lady Philipps. It was envisaged that the contest for the nomination would be between Philipps and
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On his return from South Africa, Kylsant was arrested and charged with making false statements with regard to company accounts for 1926 and 1927, contrary to section 84 of the
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Since his time in
Scotland, Philipps had been interested in politics and after two unsuccessful attempts to stand for Parliament he was elected as Member of Parliament for
462:
against the conviction. Kylsant's appeal against the conviction and sentence was heard in
November 1931, when it was dismissed, and he subsequently served ten months in
231:
with a
Newcastle upon Tyne shipping firm, Dent & Co, in 1880 and upon completion of his apprenticeship he moved to the Glasgow shipping firm Allan & Gow in 1886.
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Following his conviction he resigned all his knighthoods and lieutenancies; when he attempted to resign from his clubs, however, the offer was firmly refused.
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315:. However, he eventually trailed a distant third at the selection conference held at Water Street Chapel, Carmarthen, and the nomination went to Hinds.
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405:. When the application was refused, his shipping group defaulted on part of the next repayment. Much of the group's finances were based on
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between 1909 and 1923, was a
British businessman and politician, jailed in 1931 for producing a document with intent to deceive.
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stock paying fixed interest at five per cent, and the main trustee of this stock was
Kylsant's older brother,
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Publishing a document with intent to induce a person to advance property (section 84 Larceny Act 1861)
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Philipps was the third of five sons of the Reverend Sir James Erasmus Philipps, 12th Baronet, of
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Baron Kylsant, of Carmarthen in the County of Carmarthen and of Amroth in the County of Pembroke
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in December 1910. It was immediately reported that he would seek the nomination for the
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In 1928, Lord Kylsant applied to extend the government guarantee on a loan from the
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chairman until November 1930. In February 1931, Kylsant and his wife went to the
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Members of the Parliament of the United Kingdom for Pembrokeshire constituencies
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The trial took place in July 1931 and lasted for nine days, presided over by
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550:. Notable English Trials. Edinburgh: William Hodge & Co. p. 262.
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in the County of Carmarthen and of Amroth in the County of Pembroke.
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434:. The company auditor, Harold John Morland, was charged with
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Lord Kylsant gained a reputation for acting unilaterally and
259:. Acquisitions continued, culminating in the purchase of the
1180:
Knights Commander of the Order of St Michael and St George
913:
Newspaper clippings about Owen Philipps, 1st Baron Kylsant
887:. No. 36876. London. 18 September 1902. p. 1.
641:"The Political Situation. Where We Stand in West Wales"
376:
On 14 February 1923, he was elevated to the peerage as
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Conservative Party (UK) MPs for English constituencies
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vicarage, Wiltshire, and educated at Newton College,
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In 1912 he was invested as a Knight of Grace of the
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239:With financial assistance from his eldest brother
1095:People stripped of a British Commonwealth honour
908:contributions in Parliament by Sir-Owen Philipps
1105:Liberal Party (UK) MPs for Welsh constituencies
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454:. After one night in prison he was released on
334:he served until 1922, but did not stand again.
318:He later left the Liberal Party and joined the
354:in 1924. In 1909, Philipps was invested as a
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322:, being elected unopposed as the Member for
1100:Barons in the Peerage of the United Kingdom
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373:and raised to a Knight of Justice in 1916.
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199:(25 March 1863 – 5 June 1937), known as
48:Lord Kylsant, picture taken in the 1920s
1165:British politicians convicted of crimes
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1170:British politicians convicted of fraud
617:. The Ships List. 2007. Archived from
466:before being released in August 1932.
197:Owen Cosby Philipps, 1st Baron Kylsant
161:Mai Alice Magdalene Morris (1902–1937)
586:"Philipps, Owen Cosby, Baron Kylsant"
7:
1175:Deputy lieutenants of Pembrokeshire
615:"Pacific Steam Navigation Company"
302:he declined to stand again at the
25:
1145:Lord-lieutenants of Haverfordwest
841:. 20 February 1923. p. 1226.
761:. 12 November 1909. p. 1186.
360:Order of St Michael and St George
1140:UK MPs who were granted peerages
1025:Lord Lieutenant of Haverfordwest
930:Parliament of the United Kingdom
741:. 31 October 1924. p. 7858.
510:, inherited her father's house,
371:Order of Saint John of Jerusalem
352:Lord Lieutenant of Haverfordwest
300:General Election in January 1910
257:Pacific Steam Navigation Company
131:Chairman and Chief Executive of
123:Member of Parliament (1916–1922)
350:for Pembrokeshire in 1917, and
249:Royal Mail Steam Packet Company
243:(who was later created the 1st
133:Royal Mail Steam Packet Company
1160:High sheriffs of Pembrokeshire
1:
1042:Peerage of the United Kingdom
701:. 8 March 1904. p. 1537.
344:High Sheriff of Pembrokeshire
821:. 9 June 1916. p. 1059.
781:. 31 May 1918. p. 6529.
917:20th Century Press Archives
801:. 28 May 1912. p. 551.
721:. 1 May 1917. p. 4097.
1201:
1185:Barons created by George V
950:Pembroke and Haverfordwest
667:"The Fight for West Wales"
584:David Lewis Jones (2009).
546:Colin Brooks, ed. (1933).
488:Owen Philipps, circa 1905.
411:the 1st Viscount St Davids
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288:Pembroke and Haverfordwest
87:Llangynog, Carmarthenshire
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864:. 7 June 1937. p. 16
856:"Obituary – Lord Kylsant"
594:National Library of Wales
497:Owen Philipps married at
338:Other offices and honours
41:
1150:Younger sons of baronets
1018:Sir Charles Philipps, Bt
362:(KCMG), later raised to
96:Business man, politician
304:second general election
18:Sir Owen Cosby Philipps
1090:People from Warminster
1003:Sir Charles Cayzer, Bt
590:Welsh Biography Online
489:
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464:Wormwood Scrubs prison
342:In 1904, Philipps was
227:, Devon, he became an
818:The Edinburgh Gazette
798:The Edinburgh Gazette
758:The Edinburgh Gazette
533:R v Kylsant 1 KB 442
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420:Union of South Africa
332:1918 General Election
330:. Re-elected at the
328:a by-election in 1916
71:Warminster, Wiltshire
983:Member of Parliament
946:Member of Parliament
308:West Carmarthenshire
298:. Reelected at the
128:Board member of
116:Member of Parliament
548:The Royal Mail Case
436:aiding and abetting
58:Owen Cosby Philipps
838:The London Gazette
778:The London Gazette
738:The London Gazette
718:The London Gazette
698:The London Gazette
673:. 25 November 1910
671:Carmarthen Journal
647:. 25 November 1910
514:in Pembrokeshire.
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391:Downfall and trial
364:Knight Grand Cross
320:Conservative Party
245:Viscount St Davids
27:British politician
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1000:Succeeded by
963:Succeeded by
506:, later the 10th
469:In his obituary,
448:Mr Justice Wright
415:William McLintock
348:deputy lieutenant
272:Harland and Wolff
253:Union-Castle Line
201:Sir Owen Philipps
194:
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16:(Redirected from
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1155:Welsh fraudsters
1135:UK MPs 1918–1922
1130:UK MPs 1910–1918
1120:UK MPs 1906–1910
1015:Preceded by
1010:Honorary titles
973:Preceded by
966:Hon. Henry Guest
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366:(GCMG) in 1918.
356:Knight Commander
282:Political career
147:Criminal penalty
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1049:New creation
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866:. Retrieved
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623:. Retrieved
619:the original
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597:. Retrieved
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452:imprisonment
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403:Midland Bank
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225:Newton Abbot
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152:imprisonment
121:Conservative
82:(1937-06-05)
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1125:UK MPs 1910
1085:1937 deaths
1080:1863 births
939:John Laurie
906:1803–2005:
833:"No. 32797"
813:"No. 12949"
793:"No. 12463"
773:"No. 30723"
753:"No. 12194"
733:"No. 32987"
713:"No. 30042"
693:"No. 27655"
677:12 December
651:24 December
118:(1906–1910)
80:5 June 1937
1074:Categories
1059:1923–1937
1029:1924–1931
518:References
499:Carmarthen
475:reported:
441:Old Bailey
382:Carmarthen
313:John Hinds
261:White Star
229:apprentice
221:Warminster
219:. Born in
207:Background
64:1863-03-25
885:The Times
861:The Times
472:The Times
407:debenture
263:in 1927.
1063:Extinct
645:Welshman
255:and the
166:Children
987:Chester
919:of the
915:in the
903:Hansard
868:22 June
625:31 July
599:31 July
358:of the
292:Liberal
276:Belfast
113:Liberal
460:appeal
274:, the
190:(1918)
185:(1926)
180:(1909)
174:Awards
158:Spouse
380:, of
290:as a
101:Title
996:1922
992:1916
985:for
955:1906
948:for
870:2013
679:2014
653:2014
627:2011
601:2011
456:bail
423:the
296:1906
188:GCMG
183:KStJ
178:KCMG
77:Died
54:Born
921:ZBW
326:at
294:in
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62:(
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
