After Politics
Since 1888 the London directors of McIlwraith's Queensland Investment and Land Mortgage Co. had complained about the practices of the local board, and in 1892 they charged McIlwraith, Palmer and two others with fraud. The remaining years of his life were surrounded in financial scandal and large financial losses by institution that he was involved with.
Although he left for England on 15 January 1895, he was still a minister of the Queensland cabinet until 25 November 1897 when the Labor Party with government support succeeded in passing a resolution that he should retire. On 9 December he resigned from the Executive Council.
He died in London on 17 July 1900 and was buried at Ayr.
Read more about this topic: Thomas McIlwraith
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