William Smith, 3rd Viscount Hambleden
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Lord Hambleden was the 2nd child and eldest son of Frederick Smith and Esther Georgiana Caroline nee Gore (1870–1955), a daughter of Arthur Gore, 5th Earl of Arran.[citation needed] He was educated at Eton College and New College, Oxford.
After his father's death in 1928, the family business, W H Smith, was reconstituted as a limited company, in which Smith owned all the ordinary shares[1] and was chairman.[citation needed] On his death in 1948, the death duties were so severe that a public holding company had to be formed, and the shares were sold to W H Smith staff and the public.[1] His younger brother, David John Smith, remained chairman until 1972, but the Smith family's control slipped away, and the last family member left the board in 1996.[2]