23 MAY 1931, Page 34

A NEW CHAIRMAN.

In moving a vote of thanks to the chairman and directors, the Earl of Midleton referred to the impending 'resignation from the chairmanship by Mr. Barnett, paying a notable tribute to that gentleman's services to the Alliance. A resolution subsequently passed carried with it a request to Mr. Barnett to sit for his portrait. Later in the day it was officially announced that Mr. Lionel D. de Rothschild, the deputy chairman, had been appointed chairman and that Mr. Barnett would continue to act as a director. The great name of Rothschild is inseparably connected with the Alliance, and I agree with the Earl of Midleton when he said that the shareholders and the City generally would be glad to know that a Rothschild is once again to fill the position of chairman.