A GREAT Loss.
. The City has suffered a severe loss through the sudden death, which occurred last Friday morning as the result of a motor accident, of Mr. Michael Seymour Speneer-Smith; a Director of the Bank of England and of many other important financial concerns. Although only forty-six years of age, Mr. Spencer-Smith hid won for himself a very high position in the financial world. After some five years' experience in the mercantile business of M. Samuel & Com- pany, during which period he spent some years in Japan, Mr. Spencer-Smith two years before the War joined the well-known firm of H. S. Lefevre SD Company, of which Mr. Le Marchant and Mr. Gaspard Farrer are senior.partners. Throughout the War- Mr. Spencer-Smith was on active service, and won high distinctions, including the coveted D.S.O. It was soon -after his return from the War that he became a Director of the Bank of England, and in that capacity he rendered great service both to the Bank and to the Central European States by the active part which he took aiding the financial recuperation of Austria. Possessed of great tact and judgment, and blessed also with an excep- tionally charming manner, Mr. Spencer-Smith has left a blank which it will not be easy to fill. A. W. K.
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