Claude de Bernales

Claude de Bernales

de Bernales in 1935 (?)
Born 31 May 1876
Brixton, London
Died 9 December 1963
Chelsea, London
Occupation mining promoter
Spouse(s) Bessie Picken Berry, Helen Florence Berry (née Halse)
Children Beryl (d. 1923), Daphne Isobel Albo, Elizabeth Marguerita Albo (Betty)[1]
Parent(s) Manuel Edgar Albo de Bernales, Emma Jane Belden

Claude Albo de Bernales (31 May 1876 – 9 December 1963) was a Western Australian mining entrepreneur whose business activities and marketing did much to stimulate investment in Western Australia during the early years of the twentieth century.[2] During the 1930s gold production in the State increased from £1,600,000 to £11,800,000 and employment in the industry quadrupled due in considerable part to de Bernales' marketing of the goldfields to overseas investors.[3]

De Bernales accumulated immense wealth through complex and elaborate schemes by which he acquired many mining companies and attracted overseas investment and personal support. In the latter part of his life however, financial difficulties and ill-health saw him live as a recluse in Selsey, Sussex.[4]

Early life

De Bernales was born in Brixton, London, the son of a Syracuse, New York-born Basque, Manuel Edgar Albo de Bernales, and his American wife Emma Jane, née Belden.[3] He was educated at a variety of schools in the USA, Britain and Europe, including one year (1891) at Uppingham School [5] in Rutland in the East Midlands of England, and later at Neuenheim College (now called Heidelberg College) in Heidelberg in the Rhineland, Germany.[4]

In 1897 de Bernales emigrated to the Western Australian goldfields,[6] drawn like many other European immigrants to the lure of the gold rush of the region.

Goldfields

His first job was running Western Machinery Company, Limited, which supplied and financed various mining machinery purchases for the hundreds of large and small gold mining companies in the region.

On 19 May 1903 de Bernales married Bessie Picken Berry at Kalgoorlie.

His business contacts continued to expand and in 1909 became managing director of a major mining plant supplier, Kalgoorlie Foundry, Ltd. In 1911, he purchased a Federation Queen Anne style house in Cottesloe, renaming it Overton Lodge after the house in Brixton, London, where he was born. In 1938[7] he redeveloped it into an ostentatious Inter-war Spanish Mission style mansion. The house and its grounds are now the Cottesloe Civic Centre.[8][9] In 1912 he became a director of foundry operators Hoskins & Co, Ltd in Perth.

During this time, he developed his forté as a mining promoter while acquiring leases through defaults by some of his clients at Kalgoorlie and Wiluna. These leases were eventually used to form the Wiluna Gold Mines company which he owned jointly with several overseas companies including Consolidated Gold Fields of South Africa.

In 1926 he went to London and raised £1 million to develop the Wiluna leases. A later issue of promissory notes for £300,000 was backed by the State government, after de Bernales fostered a close alliance with the Governor of Western Australia, Colonel Sir William Campion.[10] Campion would later become a close business associate and took chairmanship roles of a number of de Bernales' companies including Anglo-Australian Gold Development Co. and Commonwealth Mining and Finance Co. Ltd.

Following the death of his first wife in 1927, de Bernales married Helen Florence Berry (née Halse - the war widow of his first wife's brother James Berry), in Colombo in January 1928, then later on 5 February 1930 at St Phillips, Cottesloe.[11][12]

Using London capital, the Wiluna mines were expanded and by 1934, 10,000 people had settled there and gold worth £3 million had been extracted. The Wiluna mine ultimately earned £12 million and provided an impetus for other mines in the region.

With the onset of the Great Depression, de Bernales campaigned for government support of the gold mining industry, arguing that investment would enable the industry to continue to operate throughout the depression as unemployment rose to 25%. He devised a gold bonus campaign, where the Federal government would pay a 'bounty' of £1 an ounce on gold produced in excess of the 1928-30 average. Not surprisingly, the idea had widespread support from his fellow entrepreneurs and state government politicians. De Bernales led several delegations to the eastern states to lobby for the scheme which was known as the 'Gold Bounty Acts', but by the time it became law in 1930 and 1931, the exchange rate had collapsed and price of gold had risen to well above the rate of the bounty paid.

De Bernales moved to London in 1932, forming several investment companies which he promoted to seek new capital for mining leases on new land reserves provided by the state government. Capital of £1,261,000 was raised, though much of the land was unproven. In 1933-35, yet more companies and another £6,110,000 was pumped into his leases. By now, de Bernales' fundraising represented a major proportion of overseas capital inflows for Australian mining and the Western Australian economy as a whole. In 1936, he won control of one of the oldest and richest mines of the 'Golden Mile', the Great Boulder Proprietary Gold Mine. He also developed new mines at Mount Palmer which returned £200,000 to investors in the first 2 years and to the north at Marble Bar.

In 1935-36 he returned to Western Australia with ex-governor Campion, being feted by local politicians acknowledging his ambassadorial role for the state. At that time he acquired properties in Melbourne and Perth including the well-known 'London Court' shopping arcade in the Perth CBD.

De Bernales returned to London, but from 1939 his empire started to encounter difficulties. The Great Boulder mine went into liquidation and its shareholders sought recovery of their losses, accusing de Bernales of mismanagement. The London Stock Exchange suspended trading in several of his companies in July 1939 which sent them also into liquidation. An extensive investigation into de Bernales' Commonwealth Group of companies by Sir William McClintock for the Board of Trade was made during 1939 and 1940. This uncovered income tax liabilities from share dealings on profits of £1,382,000. These were however, never brought to trial as the case arguments dragged on for ten years. Between 1945 and 1948, the official receiver undertook further investigations but partly due to his failing health the claims were finally settled for just £125,000. In the meantime, a concerted attack campaign by Lord Beaverbrook's influential Daily Express continued.

Later life

De Bernales became a recluse at his home The White House, a house with private beach in Selsey, Sussex, near Chichester. .[13] His second wife Helen Florence died there on 27 May 1956.[14] De Bernales died at the Chelsea, London home of one of his daughters, on 9 December 1963,[4] survived by daughters Daphne and Betty, from his first marriage. One of his grandchildren was Anthony Trethowan, who became a member of parliament.[15]

References

  1. ↑ "Social and personal gossip". The Sunday Times. 15 Jul 1923. p. 10. Retrieved 2012-09-01.
  2. ↑ Colebatch, Hal (1996). Claude de Bernales, the magnificent miner: A biography. Hesperian Press. ISBN 0-85905-200-1.
  3. 1 2 Laurence, John H. (1981). "De Bernales, Claude Albo (1876 - 1963)". Australian Dictionary of Biography, Online Edition. Retrieved 2007-03-15.
  4. 1 2 3 Dumett, Raymond E (2009). Mining Tycoons in the Age of Empire, 1870-1945. Ashgate Publishing. ISBN 978-0-7546-6303-4.
  5. ↑ Uppingham School Roll, 1824-1894. Edward Stanford, London. 1894.
  6. ↑ "Claude Albo de Bernales, 1876 - 1963". Archived from the original on 2008-06-20. Retrieved 2011-06-03.
  7. ↑ "Overton Lodge". The Western Mail (Perth, WA). 30 Sep 1937. p. 18. Retrieved 9 July 2012.
  8. ↑ "History". Town of Cottesloe. Retrieved 2007-04-09.
  9. ↑ James, R.M. (1977). Heritage of Pines - A History of Cottesloe.
  10. ↑ Bolton, Geoffrey. "'Campion, Sir William Robert (1870 - 1951)'". Australian Dictionary of Biography, Online Edition.
  11. ↑ "Woman's World - Mainly about people". Daily News (Perth, Western Australia). 3 Feb 1928. p. 2. Retrieved 2012-08-02.
  12. ↑ "Marriages: De Bernales-Berry". The West Australian. 6 Feb 1930. p. 1. Retrieved 2012-08-02.
  13. ↑ "Theft of Jewels worth £27,000 - Financier's Loss". The Glasgow Herald. 17 August 1955. p. 8. Retrieved 2012-03-28.
  14. ↑ "Notices under the Trustee Act, 1925 s. 27" (pdf). The London Gazette (40957): 7327. 25 December 1956. Retrieved 2012-03-28.
  15. ↑ Condolence Motion for Father Anthony Trethowan, MLA (Parliament of Western Australia Hansard), 24 June 2015. Retrieved 1 May 2016.
This article is issued from Wikipedia - version of the Sunday, May 01, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.