THE former chairman of the Stock Exchange in Scotland and past

president of the Scottish Rugby Union, Mr Rae Tod, died on August 3. He

was 81.

A keen sportsman, Mr Tod played rugby and cricket for Edinburgh

Academicals, later becoming president of both sections of the club. His

brother, Ben, played cricket for Scotland and rugby for the Barbarians,

and his sister, Barra, was a Scottish tennis internationalist.

Commissioned into the Royal Scots in 1937, Mr Tod served in North

Africa and Italy during the Second World War, achieving the rank of

major, and led the Princes Street victory parade in Edinburgh.

After the war, he joined the stockbroking firm of John Robertson and

was senior partner by the time of its amalgamation with Bell Cowan and

Company. He was chairman of the Stock Exchange in Edinburgh from 1968 to

1970 and the Stock Exchange in Scotland in 1972-73.

In 1974, he started the Edinburgh office of Parsons & Company, later

part of the large Glasgow-based stockbrokers Allied Provincial Parsons

Penney, from which he retired in 1987.

A keen squash player and golfer, he joined the SRU in 1956 and served

as president in season 1967-68.

Mr Tod, whose wife Muriel died on June 9, is survived by his four

children.