Hong Kong Telegraph 24 June 1924.
"The Towers" was put up for auction. The target price was not met and the Warren family retained possession See below for updated information on the 1924 auction of "The Towers".
Date picture taken
24 Jun 1924
Gallery
Comments
C.E. Warren's last will and testament
I need to correct an important and misleading detail dating from what we thought we knew in 2010, the year that David began the Gwulo thread on The Towers, 20 Broadwood Road. When 20 and 21 Broadwood Road failed to meet the reserve price at the 1923 auction, the Warren family did not in fact retain possession of them because Charles Warren had not only mortgaged both properties in order to pay off his former partner John Olson, but, in order to protect his sons from further claims, he had changed his will in late 1922, leaving his real estate and personal effects to two newly appointed executors and trustees, who were also appointed guardians of his infant children. These were Arthur Rylands Lowe of the accountants Lowe, Bingham and Matthews and Warren's solicitor, Reginald Mattingly. When Arthur Lowe suddenly died in 1924, his deputy, John Fleming became the appointee and owner of both properties, Mattingly resiling. Fleming redeemed the mortgage on 21 Broadwood Road and promptly sold it to a consortium at a profit. The Towers was subsequently run as a boarding house by junior members of LBM, including Eric Walch. The proceeds of the 1924 auction of the contents of The Towers went to John Fleming, or to an LBM account in his name. Leslie Warren had to bid for any of his father's possessions that he wanted to keep for himself or on behalf of his brothers.