 He had bought a controlling interest in "The Spectator" from John Strachey in 1925 and, although he later sold his controlling shareholding to Sir Ian Gilmour, he was chairman of the board for the remainder of his life.Wrench's third major project, the All Peoples' Association, founded by him in 1930, while promoting friendship among the world's peoples, was largely unsuccessful.The wideness of its scope was too idealistic.