LOCAL VILLAGES - Points of Interest

IFOLD – Ifold Herds: The Downfall of the Ifold Estate 1920’s

KEY POINTS

  • Ralph and Madeline Montagu Scott acquired Ifold after Lionel and Emily Constable left in 1920; the 1921 census records them at Ifold House.
  • Ifold Herds Limited was already raising outside finance in 1921, when Rustomji Dhanjibhoy Sethna invested £5,000 in a £40,000 debenture issue.
  • In December 1922 S. F. Edge’s Pig Farms Limited proposed a much larger pig-breeding organisation that included pedigree livestock interests owned by Ifold Herds Limited.
  • The 1922 prospectus described ten farms, about 1,012 acres and almost 2,000 pedigree pigs, while Ifold buyers continued purchasing breeding stock at major sales during 1924.
  • In 1924 an Ifold Herds scheme was also discussed in Queensland, where young British men were to be trained and settled on agricultural holdings supplied with pedigree stock.
  • Swine fever restrictions reached Ifold in 1925; a sow and ten pigs escaped through an open gate, about 135 pigs died within a month, and Ifold Herds Limited was fined at Petworth.
  • A receiver was appointed to Ifold Herds in April 1925 and Ralph Montagu Scott entered bankruptcy later that year; the 931-acre Ifold Estate was offered in seven lots in July 1926.
  • From 1931 livestock, machinery, land and finally the mansion itself were dispersed; H. W. Brake’s freehold plots turned the failed country estate into the beginnings of modern Ifold.

Ifold Village - Points of Interest

Ifold under Ralph Montagu Scott

Lionel and Emily Constable left Ifold in November 1920. Ralph and Madeline Montagu Scott acquired the estate after selling their Hampshire home at Winchfield, and the 1921 census records them at Ifold House. Ralph was already breeding Irish Wolfhounds, the subject of the preceding article, but another enterprise carrying the Ifold name was also taking shape.

In 1921 Ifold Herds Limited issued £40,000 in debentures. Rustomji Dhanjibhoy Sethna invested £5,000 after financier Richard Tilden Smith introduced him to the company. Much of the remaining issue was held through companies associated with Tilden Smith. Before Selwyn Francis Edge published his pig-farming prospectus, substantial outside money had therefore already been committed to Ifold Herds.

1922: Selwyn Francis Edge and a much larger scheme

Selwyn Francis Edge had made his name in the motor industry and motor racing before turning to large-scale pig farming. He promoted open-air breeding, close observation of stock, bulk purchasing and organised marketing. In December 1922 S. F. Edge’s Pig Farms Limited issued an abridged prospectus for a business intended to operate on a much larger scale.

The company proposed acquiring Edge’s existing pig farms, the Coolham pedigree livestock interests owned by Ifold Herds Limited and another holding at Stonegate. Across the proposed organisation the prospectus listed ten farms covering about 1,012 acres and almost 2,000 pedigree pigs.

The financial claims were ambitious. The company offered £60,000 in seven per cent debenture stock and £20,000 in eight per cent cumulative preference shares. Its pedigree herds were credited with 459 prizes, including twenty-two championships or reserve championships and 116 first prizes. Independent valuers put the freehold land, buildings, plant and tenant rights at £35,502 and the live and dead stock at £39,762. Working capital was stated at £33,500, while projected profits rose from £9,400 in the first year to £24,500 in later years.

Ancestry.com
British Library
Buckwell, J, C. The Stories of Loxwood
English Heritage
Findmypast.co.uk
National Archives
Loxwood Church of St John the Baptist Archive
Loxwood Historical Society Archive
Loxwood History Archive
Oldmapsonline.org
Surrey History Centre
West Sussex Record Office

Bognor Regis Observer. “Stray Pigs from Prohibited Area: Ifold Herds Ltd Fined at Petworth.” 15 April 1925.
Edridge v Sethna. Judicial Committee of the Privy Council judgment, 9 October 1933; reported at (1934) 36 Bombay Law Reporter 127.
Gloucestershire Echo, Mansfield Reporter, Derbyshire Times and other newspapers. Pedigree pig sale reports, 1924.
Ifold Herds Limited. Debenture, receivership and company records, 1921–1927.
London Gazette. Bankruptcy notices for Ralph Montagu Scott, 1925–1926.
S. F. Edge’s Pig Farms Limited. Abridged prospectus, December 1922.
West Sussex Gazette. Ifold Estate farm-stock and machinery sale notices, 1931.
Western Australian and Queensland newspapers. Reports of the proposed Ifold Herds settlement scheme.

Ancestry.com
British Library
Buckwell, J, C. The Stories of Loxwood
English Heritage
Findmypast.co.uk
National Archives
Loxwood Church of St John the Baptist Archive
Loxwood Historical Society Archive
Loxwood History Archive
Oldmapsonline.org
Surrey History Centre
West Sussex Record Office

Bognor Regis Observer. “Stray Pigs from Prohibited Area: Ifold Herds Ltd Fined at Petworth.” 15 April 1925.
Edridge v Sethna. Judicial Committee of the Privy Council judgment, 9 October 1933; reported at (1934) 36 Bombay Law Reporter 127.
Gloucestershire Echo, Mansfield Reporter, Derbyshire Times and other newspapers. Pedigree pig sale reports, 1924.
Ifold Herds Limited. Debenture, receivership and company records, 1921–1927.
London Gazette. Bankruptcy notices for Ralph Montagu Scott, 1925–1926.
S. F. Edge’s Pig Farms Limited. Abridged prospectus, December 1922.
West Sussex Gazette. Ifold Estate farm-stock and machinery sale notices, 1931.
Western Australian and Queensland newspapers. Reports of the proposed Ifold Herds settlement scheme.

GALLERY

Disclaimer:

This historical summary has been compiled from research using a wide range of sources. The information, dates and details are based on that research, but Loxwood History does not guarantee the original source contained accurate information. While Loxwood History uses reasonable efforts to include accurate and up-to-date information in its articles, Loxwood History makes no warranties or representations as to its accuracy. Loxwood History assumes no liability or responsibility for any errors or omissions in the content of this article and any reliance you place on the information is entirely at your own risk. Please contact us if you believe any of the details in this article are inaccurate, and we will review those details and where appropriate, amend the article accordingly.

Copyright 2023 Loxwood History all rights reserved.

Disclaimer

error: Content is protected !!