Henry Bowen-Davies, Chairman of the Davies Group

Jan. 24, 1967 - Inquiry into 28 million bank crash.: An urgent investigation into the collapse of the 28 million Davies Investments banking empire was announced last night in the Commons. Mr. Douglas Jay, President of the Board of Trade, said, When we have ascertained the facts we will use such powers as we have and which seem to be necessary. Across London, Mr. Henry Bowen-Davies, chairman of the Davies group, in his Wimbledon boardroom said his 1, 100, 000 fortune - everything I possess - would be used to prevent losses to his 7, 000 depositors. He said, I won't shield behind limited liability. i would sell my home and farms - I don't want anyone to lose anything through me. Mr. Bowen-Davies, a barrister, owns a 20, 000 Tudor-style house near Kingston, Surrey, and property and farms in Carmarthenshire. Everything I have and the family trust are at the disposal of the

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