Raine and Horne

Left: WWI survivor Ned Raine leads Raine & Horne despite injuries from Gallipoli and the Western Front. Below: Henry Thompson, Raine & Horne employee since 1893, retired as Chairman in 1953, handing over to Ned Raine. Edmund (Ned) Raine 1895–1969 Charting a course through turbulent times Tom Raine was survived by his wife Jean and their five daughters and three sons. Among them, Edmund (Ned) Raine enjoyed a trouble-free childhood, attending the prestigious Sydney Grammar School and later being articled to Norton & Co., solicitors in Sydney. When war broke out in 1914, Ned joined the other young Australian men, who flocked to defend their country. He enlisted in the first Australian Imperial Forces and served with the 17th battalion in Gallipoli and later France, where he was gassed and wounded. He finished the war with the rank of Lieutenant. Once back in civilian life, Ned joined his father’s firm and was among the first shareholders when Raine & Horne was incorporated. Ned was also part of the team that successfully steered Raine & Horne through the Great Depression – aided in part by the continuing management of the Cooper Estates, an ongoing source of income. Between the two wars, Ned witnessed significant changes to Sydney’s residential property market. Among them was the burgeoning demand for apartments (then known as ‘flats’) Industry Plaudits for Ned Raine ... very well known in the City for his versatility and experience, although his interests are not merely City interests. Much of his work and that of his Company is in conjunction with suburban and country agents. He has developed the auction side of his business ... but is also widely known as a valuer, being retained in many leading cases, where his ever-practical approach has often won the day. Always willing to adapt himself to changing conditions and methods, he went to England in 1956 and studied overseas trends in Real Estate. In addition, business often takes him interstate to country centres, and recently to New Guinea and Papua. ... Under Mr Raine’s guidance, the company has one of the largest city managements. Mr Raine has always been keenly interested in the progress of industries in this State, and has been instrumental in his company’s growing participation in the sale, management and valuation of industrial properties. He is Real Estate agent for the Boy Scouts, and since 1928 for the Salvation Army, for which he has always had great affection because of its work with and for the A.I.E. Until recently a keen golfer and tennis player, his main hobby now is beach fishing, and none know the New South Wales coastline better. Real Estate Institute Journal, April 1959 31

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