Lot 2340

Description

South Australia, Elder Smith Rifle Club, Peter Waite Shield, in brass (73mm), reverse inscribed 'Elder Smith Rifle Club/Highest Score/Third Stage/1933. Championship/Won by/C.D. Sandison/Presented by Sir Walter Young K.B.E'. Very fine and rare.

Sir Walter James Young, KBE (1872-1940), businessman, was born on 2 April 1872 at Moonta, South Australia, son of John Young, storekeeper and later pastoralist, and his wife Isabella, n?e Russell. His younger brother was (Sir) Frederick William Young. Educated at Whinham College, North Adelaide, in 1887 Walter joined Elder Smith & Co., Adelaide. He made his first overseas tour for Elders in 1897, to England, America and Japan. Rising steadily, he became the firm's assistant manager (1906), general manager (1912) and managing director (1929). With Elders, he demonstrated a stability of judgement which largely accounted for his influence during and after World War I when, from the centre of Adelaide's business world, he advised and was consulted by State and Federal governments.