Sir David Yule, 1st Baronet
He trained in England and went into the family business, which was trade with India, then the "jewel in the crown" of the British Empire. He was involved with many additional businesses. The Oxford Dictionary of National Biography judged him "arguably the most important businessman in India" and quoted his obituary in The Times as "one of the wealthiest men, if not the wealthiest man, in the country".
David Yule joined Andrew Yule and Company Ltd., a conglomerate with diversified interests, which was begun by his uncle, Andrew Yule and his brother George Yule. In 1919 David Yule and Thomas Catto, 1st Baron Catto formed Yule Catto and Company Ltd, which is now known as Yule Catto & Co. plc and is listed on the London Stock Exchange. Among his other business interests were directorships of Midland Bank, Mercantile Bank of India, Vickers Ltd., the Royal Exchange Assurance Company and ownership of the Daily Chronicle newspaper.
In 1900 he married his cousin Annie Henrietta, eldest daughter of his uncle Andrew. They had one child, a daughter called Gladys Yule (1903–1957). In 1925, they commissioned as their family home Hanstead House in Bricket Wood, Hertfordshire. The two women set up a very successful horse breeding farm for the Arabian breed, known as Hanstead Stud.
- Russell, Iain F. Oxford Dictionary of National Biography.
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