John Hay

Sir John George Hay (1 February 1888 – 26 May 1964) was a British industrialist. He was a leading figure in the global rubber industry from the 1930s to the 1960s.

Early life Sir John George Hay, son of Peter Hay of Aberdeen, was the seventh child in a family of ten. His father was a shopkeeper in Fife who went bankrupt and left the family impoverished. When he was 17, he went to work in a draper's shop in Aberdeen and studied in the evenings for an accountancy qualification. After working as a clerk at Aberdeen railway station, he went to London and joined the old-established firm of Guthrie & Co.

Career In 1904, after joining Guthrie & Co. as a clerk in its cashier's department, Hay worked his way up in the company becoming head of its corporate section in 1918 dealing with flotations for rubber interests at the London Stock Exchange, and in 1925, was appointed general manager. In 1929, he became vice-chairman of the Rubber Growers' Association, and from 1930-1 served as chairman.

By 1950, Guthrie & Co.'s investment in Malaya was estimated at M$300 million with 150,000 acres of rubber plantations and interests in palm oil and tin. Hay owned around one-sixth of the company and sat on the boards of dozens of rubber producers, often as chairman. He was also board member of the Mercantile Bank of India, serving as its deputy chairman in 1954.

In 1963, aged 75, Hay was forced to resign from Guthrie & Co. on the advice of bankers and financiers in the City of London after a boardroom dispute.

Personal life and death Hay married Constance Maye Leveritt in 1910, and they had one son and two daughters. He died on 26 May 1964, aged 76.

Honours Hay received a knighthood in the 1939 New Year's Honours. In 1961, he had Datoship conferred on him in Malaysia by the Yang di-Pertuan Agong.