4 JUNE 1932, Page 32

THE LATE LORD INCHCAPE.

The large congregation which assembled in St. Paul's Cathedral on Wednesday testified to the high respect and esteem in which Lord Inchcape was held in the world of business and finance. The many services he rendered to the country were such that in the best sense of the word he was regarded as a very real national asset, but in financial and business circles there was naturally a special appreciation of his genius as a man of business as well as of his many sterling qualities. In particular, how- ever, the City appreciated Lord Inchcape's zeal for economy hi the conduct both of business and of national affairs. Even during the War he did not allow his passionate desire for success in the conflict to subdue his zeal for economy ; and many warnings were uttered by him both during the War and the post-War period with regard to the reckless expenditure of the Government, and later, in the great services which he performed for the nation by his magnificent sales- manship of vessels on behalf of the Government, he gave a practical example of efficiency combined with economy. In every sense of the word he was a great leader. Like most great leaders, he was autocratic in disposition, but nevertheless he was the kindliest of men and his keen sense of humour was but another expression of his human responsiveness to everyone with whom he came in contact.