(1863–1934) became a successful businessman in Australia after migrating from Scotland in 1890. He gained national recognition for his involvement in the Repatriation Commission (1917–20) and as chairman of the royal commission on public expenditure (1918–21). His greatest impact was felt during his time as chair of the Commonwealth Bank Board, beginning in 1926, when he controlled bank policy through the Depression. His conservative policies won praise from some and criticism from those, notably in the Labor Party, who wanted the economy stimulated.
From The Oxford Companion to Australian History in Oxford Reference.
Subjects: Australasian and Pacific History.