President of the Board of Trade

The President of the Board of Trade is head of the Board of Trade. This is a committee of the Privy Council of the United Kingdom, first established as a temporary committee of inquiry in the 17th century, that evolved gradually into a government department with a diverse range of functions.[1] The current holder is Liam Fox, the Secretary of State for International Trade.

United Kingdom
President of the Board of Trade
Royal Coat of Arms of the United Kingdom (HM Government)
Royal Arms as used by Her Majesty's Government
Official portrait of Dr Liam Fox
Incumbent
Liam Fox

since 19 July 2016
Board of Trade
StyleThe Right Honourable
(Formal prefix)
President of the Board of Trade
Member ofBritish Cabinet
Privy Council
Reports toThe Prime Minister
SeatWestminster, London
AppointerThe British Monarch
on advice of the Prime Minister
Term lengthNo fixed term

History

The idea of a Board of Trade was first translated into action by Oliver Cromwell in 1655 when he appointed his son Richard Cromwell to head a body of Lords of the Privy Council, judges and merchants to consider measures to promote trade. Charles II established a Council of Trade on 7 November 1660 followed by a Council of Foreign Plantations on 1 December that year. The two were united on 16 September 1672 as the Board of Trade and Plantations.

After the Board was re-established in 1696, there were 15 (and later 16) members of the Board - the 7 (later 8) Great Officers of State, and 8 unofficial members, who did the majority of the work. The senior unofficial member of the board was the President of the Board, commonly known as the First Lord of Trade. The board was abolished on 11 July 1782, but a Committee of the Privy Council was established on 5 March 1784 for the same purposes. On 23 August 1786 a new Committee was set up, more strongly focused on commercial functions than the previous boards of trade. At first the President of the Board of Trade only occasionally sat in the Cabinet, but from the early 19th century it was usually a cabinet-level position.

List of Presidents of the Board of Trade

First Lord of Trade (1672–1782)

Name Portrait Took office Left office
The Earl of Shaftesbury Anthony Ashley-Cooper, 1st Earl of Shaftesbury 16 September 1672 1676
The Earl of Bridgewater 3rdEarlOfBridgewater 16 December 1695 9 June 1699
The Earl of Stamford Thomas Grey, 2nd Earl of Stamford 9 June 1699 19 June 1702[2]
The Viscount Weymouth LordWeymouth 19 June 1702 1705
The Earl of Stamford Thomas Grey, 2nd Earl of Stamford 1705 12 June 1711
The Earl of Winchilsea Blank 12 June 1711 15 September 1713
The Lord Guilford Francis North, 2nd Baron Guildford (1673-1729), circle of Thomas Murray (1663-1734) 15 September 1713 September 1714
The Lord Berkeley of Stratton Blank September 1714 12 May 1715
The Earl of Suffolk Blank 12 May 1715 31 January 1718
The Earl of Holderness Robert Darcy, 3rd Earl of Holderness (1681-1721), by Charles d'Agar 31 January 1718 11 May 1719
The Earl of Westmorland Blank 11 May 1719 May 1735
The Earl Fitzwalter Blank May 1735 June 1737
The Lord Monson Blank June 1737 1 November 1748
The Earl of Halifax 2ndEarlofHalifaxByJoshuaReynoldsNSArtGallery 1 November 1748 21 March 1761
The Lord Sandys 1stLordSandys 21 March 1761 1 March 1763
Hon. Charles Townshend CharlesTownshend 1 March 1763 20 April 1763
The Earl of Shelburne William Petty, 2nd Earl of Shelburne by JL Mosnier crop 20 April 1763 9 September 1763
The Earl of Hillsborough Marquess of Downshire 9 September 1763 20 July 1765
The Earl of Dartmouth William Legge, 2nd Earl of Dartmouth 20 July 1765 16 August 1766
The Earl of Hillsborough Marquess of Downshire 16 August 1766 December 1766
The Viscount Clare Thomas-gainsborough-portrait-of-robert-nugent-lord-clare-c-1759 a-l-10069972-8880731 19 January 1767 20 January 1768
The Earl of Hillsborough Marquess of Downshire 20 January 1768 31 August 1772
The Earl of Dartmouth William Legge, 2nd Earl of Dartmouth 31 August 1772 10 November 1775
Lord George Sackville-Germain George Germain, 1st Viscount Sackville 10 November 1775 6 November 1779
The Earl of Carlisle Romney - Frederick Howard, Fifth Earl of Carlisle 6 November 1779 9 December 1780
The Lord Grantham Thomas Robinson 2nd Baron 9 December 1780 11 July 1782

President of the Committee on Trade and Foreign Plantations (1784–1786)

Name Portrait Took office Left office Political party Prime Minister
The Lord Sydney Viscount Sydney by Gilbert Stuart 5 March 1784 23 August 1786 Whig William Pitt the Younger

President of the Board of Trade (1786–1900)

Name Portrait Took office Left office1866 Political party Prime Minister
The Earl of Liverpool Charles Jenkinson, 1st Earl of Liverpool by George Romney 23 August 1786 7 June 1804 Tory William Pitt the Younger
Henry Addington
The Duke of Montrose Blank 7 June 1804 5 February 1806 Tory William Pitt the Younger
The Lord Auckland William Eden 1. baron Auckland 5 February 1806 31 March 1807 The Lord Grenville
(Ministry of All the Talents)
The Earl Bathurst Henry Bathurst, 3rd Earl Bathurst by William Salter 31 March 1807 29 September 1812 Tory The Duke of Portland
Spencer Perceval
The Earl of Liverpool
The Earl of Clancarty Richard Le Poer Trench, 2nd Earl of Clancarty by Joseph Paelinck 29 September 1812 24 January 1818 Tory
F. J. Robinson Frederick John Robinson, 1st Earl of Ripon by Sir Thomas Lawrence cropped 24 January 1818 21 February 1823 Tory
William Huskisson William Huskisson by Richard Rothwell 21 February 1823 4 September 1827 Tory
George Canning
Charles Grant Lord-glenelg 4 September 1827 11 June 1828 Tory The Viscount Goderich
The Duke of Wellington
William Vesey-FitzGerald Blank 11 June 1828 2 February 1830 Tory
John Charles Herries John Charles Herries 2 February 1830 22 November 1830 Tory
The Lord Auckland George Eden, 1st Earl of Auckland 22 November 1830 5 June 1834 Whig The Earl Grey
The Viscount Melbourne
Charles Poulett Thomson Lord Sydenham 5 June 1834 14 November 1834 Whig
Alexander Baring AlexanderBaring 15 December 1834 8 April 1835 Tory The Duke of Wellington
Sir Robert Peel
Charles Poulett Thomson Lord Sydenham 8 April 1835 29 August 1839 Whig The Viscount Melbourne
Henry Labouchere Portrait of Henry Labouchere, Baron Taunton by Charles Baugniet 29 August 1839 30 August 1841 Whig
The Earl of Ripon Frederick John Robinson, 1st Earl of Ripon by Sir Thomas Lawrence cropped 3 September 1841 15 May 1843 Conservative Sir Robert Peel
William Ewart Gladstone William Gladstone by Mayall, 1861 15 May 1843 5 February 1845 Conservative
The Earl of Dalhousie Dalhousie 5 February 1845 27 June 1846 Conservative
The Earl of Clarendon 4thEarlOfClarendon 6 July 1846 22 July 1847 Whig Lord John Russell
Henry Labouchere Portrait of Henry Labouchere, Baron Taunton by Charles Baugniet 22 July 1847 21 February 1852 Whig
J. W. Henley Joseph Warner Henley 27 February 1852 17 December 1852 Conservative The Earl of Derby
Edward Cardwell 1stViscountCardwell 28 December 1852 31 March 1855 Peelite The Earl of Aberdeen
(Coalition)
The Lord Stanley of Alderley Stanley of Adderley2 31 March 1855 21 February 1858 Whig The Viscount Palmerston
J. W. Henley Joseph Warner Henley 26 February 1858 3 March 1859 Conservative The Earl of Derby
The Earl of Donoughmore Blank 3 March 1859 11 June 1859 Conservative
Thomas Milner Gibson Thomas Milner Gibson 6 July 1859 26 June 1866 Liberal The Viscount Palmerston
The Earl Russell
Sir Stafford Northcote, Bt Stafford Northcote, 1st Earl of Iddesleigh 6 July 1866 8 March 1867 Conservative The Earl of Derby
The Duke of Richmond Charles Henry Gordon-Lennox, 6th Duke of Richmond, 6th Duke of Lennox, and 1st Duke of Gordon 8 March 1867 1 December 1868 Conservative
Benjamin Disraeli
John Bright John Bright 9 December 1868 14 January 1871 Liberal William Ewart Gladstone
Chichester Parkinson-Fortescue 1st Baron Carlingford 14 January 1871 17 February 1874 Liberal
Sir Charles Adderley Charles Bowyer Adderley, Lord Norton 21 February 1874 4 April 1878 Conservative Benjamin Disraeli
Viscount Sandon DFS Ryder 3rd Earl of Harrowby, Lock & Whitfield 4 April 1878 21 April 1880 Conservative
Joseph Chamberlain Joseph Chamberlain in colour 3 May 1880 9 June 1885 Liberal William Ewart Gladstone
The Duke of Richmond Charles Henry Gordon-Lennox, 6th Duke of Richmond, 6th Duke of Lennox, and 1st Duke of Gordon 24 June 1885 19 August 1885 Conservative The Marquess of Salisbury
Edward Stanhope Edward Stanhope 19 August 1885 28 January 1886 Conservative
A. J. Mundella Anthony Mundella 17 February 1886 20 July 1886 Liberal William Ewart Gladstone
The Lord Stanley of Preston Frederick Arthur Stanley 3 August 1886 21 February 1888 Conservative The Marquess of Salisbury
Sir Michael Hicks Beach, Bt St Aldwyn Michael Edward Hicks-Beach (1st Earl) 21 February 1888 11 August 1892 Conservative
A. J. Mundella Anthony Mundella 18 August 1892 28 May 1894 Liberal William Ewart Gladstone
James Bryce 1st Viscount Bryce 1902b 28 May 1894 21 June 1895 Liberal The Earl of Rosebery
Charles Ritchie Charles Thomson Ritchie headshot 29 June 1895 7 November 1900 Conservative The Marquess of Salisbury

President of the Board of Trade (1900–1963)

Name Portrait Took office Left office Political party Prime Minister
Gerald Balfour GeraldBalfour 7 November 1900 12 March 1905 Conservative The 3rd Marquess of Salisbury
Arthur Balfour
The 4th Marquess of Salisbury James Gascoyne-Cecil, 4th Marquess of Salisbury 12 March 1905 4 December 1905 Conservative
David Lloyd George David Lloyd George 1902 10 December 1905 12 April 1908 Liberal Sir Henry Campbell-Bannerman
Winston Churchill Churchill 1904 Q 42037 12 April 1908 14 February 1910 Liberal H. H. Asquith
Sydney Buxton Sydney Buxton, 1st Earl Buxton 14 February 1910 11 February 1914 Liberal
John Burns John Burns 11 February 1914 5 August 1914 Liberal
Walter Runciman Portrait of Walter Runciman, 1st Viscount Runciman of Doxford 5 August 1914 5 December 1916 Liberal
Sir Albert Stanley Lord Stanley by Hugh Cecil 10 December 1916 26 May 1919 Conservative David Lloyd George
(Coalition)
Sir Auckland Geddes Auckland Geddes 26 May 1919 19 March 1920 Conservative
Sir Robert Horne Robert Horne cropped 19 March 1920 1 April 1921 Conservative
Stanley Baldwin Stanley Baldwin ggbain.32267 1 April 1921 19 October 1922 Conservative
Sir Philip Lloyd-Greame Lord Swinton 24 October 1922 22 January 1924 Conservative Bonar Law
Stanley Baldwin
Sidney Webb Sidney Webb 22 January 1924 3 November 1924 Labour Ramsay MacDonald
Sir Philip Cunliffe-Lister Lord Swinton 6 November 1924 4 June 1929 Conservative Stanley Baldwin
William Graham Willie Graham 7 June 1929 24 August 1931 Labour Ramsay MacDonald
Sir Philip Cunliffe-Lister Lord Swinton 25 August 1931 5 November 1931 Conservative Ramsay MacDonald
(1st National Min.)
Walter Runciman Portrait of Walter Runciman, 1st Viscount Runciman of Doxford 5 November 1931 28 May 1937 Liberal National Ramsay MacDonald
(2nd National Min.)
Stanley Baldwin
(3rd National Min.)
Oliver Stanley Oliver Stanley 1941 28 May 1937 5 January 1940 Conservative Neville Chamberlain
(4th National Min.;
War Coalition)
Sir Andrew Duncan ANDREWduncan 5 January 1940 3 October 1940 No party
Oliver Lyttelton Oliverlytteton 3 October 1940 29 June 1941 Conservative Winston Churchill
(War Coalition)
Sir Andrew Duncan ANDREWduncan 29 June 1941 4 February 1942 No party
John Jestyn Llewellin The Home Front in Britain during the Second World War- Personalities TR41 4 February 1942 22 February 1942 Conservative
Hugh Dalton Hugh Dalton HU 059487 crop 22 February 1942 23 May 1945 Labour
Oliver Lyttelton Oliverlytteton 25 May 1945 26 July 1945 Conservative Winston Churchill
(Caretaker Min.)
Sir Stafford Cripps Stafford Cripps 1947 27 July 1945 29 September 1947 Labour Clement Attlee
Harold Wilson Harold Wilson (1967) 29 September 1947 23 April 1951 Labour
Sir Hartley Shawcross 24 April 1951 26 October 1951 Labour
Peter Thorneycroft Peter Thornycroft 30 October 1951 13 January 1957 Conservative Sir Winston Churchill
Sir Anthony Eden
Sir David Eccles 13 January 1957 14 October 1959 Conservative Harold Macmillan
Reginald Maudling Reginald Maudling 14 October 1959 9 October 1961 Conservative
Frederick Erroll Blank 9 October 1961 20 October 1963 Conservative

President of the Board of Trade (1963–present)

Name Portrait Took office Left office Political party Prime Minister
President of the Board of Trade &
Secretary of State for Industry, Trade and Regional Development
Conservative Alec Douglas-Home
Edward Heath Heathdod 20 October 1963 16 October 1964
President of the Board of Trade Labour Harold Wilson
Douglas Jay Blank 18 October 1964 29 August 1967
Anthony Crosland Ford A9572 Anthony Crosland crop 29 August 1967 6 October 1969
Roy Mason Blank 6 October 1969 19 June 1970
Michael Noble 20 June 1970 15 October 1970 Conservative Edward Heath
President of the Board of Trade &
Secretary of State for Trade and Industry
John Davies No image 15 October 1970 5 November 1972
Peter Walker No image 5 November 1972 4 March 1974
President of the Board of Trade &
Secretary of State for Trade
Labour Harold Wilson
Peter Shore No image 5 March 1974 8 April 1976
Edmund Dell Blank 8 April 1976 11 November 1978 Labour James Callaghan
John Smith No image 11 November 1978 4 May 1979
John Nott Blank 5 May 1979 5 January 1981 Conservative Margaret Thatcher
John Biffen No image 5 January 1981 6 April 1982
The Lord Cockfield Blank 6 April 1982 12 June 1983
President of the Board of Trade &
Secretary of State for Trade and Industry
Cecil Parkinson Blank 12 June 1983 11 October 1983
Norman Tebbit Official portrait of Lord Tebbit crop 2 16 October 1983 2 September 1985
Leon Brittan Lord Brittan 2011 2 September 1985 22 January 1986
Paul Channon No image 24 January 1986 13 June 1987
The Lord Young of Graffham Lord young of Graffham 13 June 1987 24 July 1989
Nicholas Ridley No image 24 July 1989 13 July 1990
Peter Lilley Peter Lilley 14 July 1990 10 April 1992
Conservative John Major
Michael Heseltine Lord Heseltine, Deputy Prime Minister, UK (1995-97) (10559130986) 10 April 1992 5 July 1995
Ian Lang Ian Lang, Baron Lang of Monkton 5 July 1995 2 May 1997
Margaret Beckett Margaret Beckett May 2007 2 May 1997 27 July 1998 Labour Tony Blair
Peter Mandelson Peter Mandelson at Politics of Climate Change 3 27 July 1998 23 December 1998
Stephen Byers Blank 23 December 1998 8 June 2001
Patricia Hewitt Patricia Hewitt 8 June 2001 6 May 2005
Alan Johnson Alan Johnson -9Oct2007-2 6 May 2005 5 May 2006
Alistair Darling AlistairDarlingABr cropped 5 May 2006 27 June 2007
President of the Board of Trade &
Secretary of State for Business, Enterprise and Regulatory Reform
Labour Gordon Brown
John Hutton Msc 2009-Sunday, 11.00 - 12.30 Uhr-Zwez 005 Hutton detail 28 June 2007 3 October 2008
The Lord Mandelson Peter Mandelson at Politics of Climate Change 3 3 October 2008 5 June 2009
President of the Board of Trade &
Secretary of State for Business, Innovation and Skills
The Lord Mandelson Peter Mandelson at Politics of Climate Change 3 5 June 2009 12 May 2010
Vince Cable Vince Cable closeup 12 May 2010 8 May 2015 Liberal Democrats David Cameron
(Coalition)
Sajid Javid Official portrait of Sajid Javid MP 11 May 2015 15 July 2016 Conservative David Cameron
(II)
President of the Board of Trade &
Secretary of State for Business, Energy and Industrial Strategy
Conservative Theresa May
Greg Clark[α] Official portrait of Greg Clark crop 2 15 July 2016 19 July 2016
President of the Board of Trade &
Secretary of State for International Trade
Liam Fox Official portrait of Dr Liam Fox crop 2 19 July 2016 Incumbent

Notes

  1. ^ Appointed by the Privy Council in error for 4 days before the mistake was rectified.[3][4][5]

References

  1. ^ Olson, Alison G. "The Board of Trade and Colonial Virginia". Encyclopedia Virginia. Retrieved 9 March 2015.
  2. ^ Office-Holders in Modern Britain: Volume 3, Officials of the Boards of Trade 1660-1870 - Council of trade and plantations 1696-1782
  3. ^ May, Callum (22 July 2016). "Minister Greg Clark was briefly given wrong job". BBC News. Retrieved 22 July 2016.
  4. ^ Tilbrook, Richard (15 July 2016). "Business Transacted and Orders Approved at the Privy Council Held by the Queen at Buckingham Palace on 15th July 2016" (PDF). Privy Council Office. Retrieved 22 July 2016.
  5. ^ Tilbrook, Richard (19 July 2016). "Business Transacted and Orders Approved at the Privy Council Held by the Queen at Buckingham Palace on 19th July 2016" (PDF). Privy Council Office. Retrieved 22 July 2016.
1874 North Staffordshire by-election

The North Staffordshire by-election of 1874 was fought on 23 March 1874. The byelection was fought due to the incumbent Conservative MP, Charles Adderley, becoming President of the Board of Trade. It was retained by the incumbent.

1921 Bewdley by-election

The Bewdley by-election of 1921 was held on 19 April 1921. The by-election was held due to the incumbent Coalition Conservative MP, Stanley Baldwin, being appointed President of the Board of Trade. It was retained by Baldwin.

1944 Clay Cross by-election

The Clay Cross by-election of 1944 was held on 14 April 1944. The byelection was held due to the death of the incumbent Labour MP, George Ridley. It was won by the Labour candidate Harold Neal.D. Craven Griffiths, a Liberal who worked for the civil service wanted to stand in the by-election. The President of the Board of Trade refused him permission for a leave of absence to fight a campaign.

A. J. Mundella

Anthony John Mundella PC (28 March 1825 – 21 July 1897), known as A. J. Mundella, was an English manufacturer, reformer and Liberal Party politician who sat in the House of Commons from 1868 to 1897. He served under William Ewart Gladstone as President of the Board of Trade in 1886 and from 1892 to 1894.

Algernon Percy, 6th Duke of Northumberland

Algernon George Percy, 6th Duke of Northumberland, (20 May 1810 – 2 January 1899), styled Lord Lovaine between 1830 and 1865 and Earl Percy between 1865 and 1867, was a British Conservative politician. He held office under the Earl of Derby as Paymaster-General and Vice-President of the Board of Trade in 1859 and under Benjamin Disraeli as Lord Privy Seal between 1878 and 1880.

Baron Norton

Baron Norton, of Norton-on-the-Moors in the County of Stafford, is a title in the Peerage of the United Kingdom. It was created in 1878 for the Conservative politician and former President of the Board of Trade, Sir Charles Adderley. He was succeeded by his elder son, the second Baron. Two of his sons, the third and fourth Baron, both succeeded in the title. On the latter's death in 1944 the title passed to his eighty-nine-year-old uncle, the fifth Baron.

Board of Trade

The Board of Trade is a British government department concerned with commerce and industry, currently within the Department for International Trade. Its full title is The Lords of the Committee of the Privy Council appointed for the consideration of all matters relating to Trade and Foreign Plantations, but is commonly known as the Board of Trade, and formerly known as the Lords of Trade and Plantations or Lords of Trade, and it has been a committee of the Privy Council of the United Kingdom. The Board has gone through several evolutions, beginning with extensive involvement in colonial matters in the 17th Century, to powerful regulatory functions in the Victorian Era, to virtually being dormant in the last third of 20th century. In 2017, it was revitalized as an advisory board headed by the International Trade Secretary who has nominally held the title of President of the Board of Trade, and who at present is the only privy counsellor of the Board, the other members of the present Board filling roles as advisers.

The board was first established as a temporary committee of England's Privy Council to advise on colonial (plantation) questions in the early 17th century, when these settlements were initially forming. The Board would evolve gradually into a government department with considerable power and a diverse range of functions, including regulation of domestic and foreign commerce, the development, implementation and interpretation of the Acts of Trade and Navigation, and the review and acceptance of legislation passed in the colonies. Between 1696 and 1782 the Board of Trade, in partnership with the various secretaries of state over that time, held responsibility for colonial affairs, particularly in British America. The newly created office of Home Secretary then held colonial responsibility until 1801, when the Secretary of State for War and the Colonies was established. Between 1768 and 1782 while with the Secretary of State for the Colonies, whose secretaryship was held jointly with the presidency of the Board of Trade, the latter position remained largely vacant; this led to a diminished status of the board and it became an adjunct to the new Department and Ministry concerns. Following the loss of the American War of Independence, both the board and the short-lived secretaryship were dismissed by the king on 2 May 1782 and the board was abolished later by the Civil List and Secret Service Money Act 1782 (22 Geo. III, c 82).Following the Treaty of Paris 1783, with the continuing need to regulate trade between its remaining colonies, the independent United States and all other countries, a new Committee of Council on Trade and Plantations (later known as 'the First Committee') was established by William Pitt the Younger. Initially mandated by an order in Council on 5 March 1784, the committee was reconstructed and strengthened by a second order, on 23 August 1786, under which it operated for the rest of its existence. The committee has been known as the Board of Trade since 1786, but this name was only officially adopted by an act of 1861. The new Board's first functions were consultative like earlier iterations, and its concern with plantations, in matters such as the approval of colonial laws, more successfully accomplished. As the industrial revolution expanded, the board's work became increasingly executive and domestic and from the 1840s a succession of acts of parliament gave it regulatory duties, notably concerning railways, merchant shipping, and joint stock companies.This department was merged with the Ministry of Technology in 1970, to form the Department of Trade and Industry. The Secretary of State for Trade and Industry (from 2009 Secretary of State for Business, Innovation and Skills) was also President of the Board of Trade. The full Board has met only once since the mid-20th century, during commemorations of the bicentenary of the Board in 1986. In 2016, the role of President of the Board of Trade was transferred to the Secretary of State for International Trade. The Board was reconstituted in October 2017.

Edward Pleydell-Bouverie

Edward Pleydell-Bouverie PC, FRS (26 April 1818 – 16 December 1889), styled The Honourable from 1828, was a British Liberal politician. He was a member of Lord Palmerston's first administration as Paymaster-General and Vice-President of the Board of Trade in 1855 and as President of the Poor Law Board between 1855 and 1858.

James Graham, 3rd Duke of Montrose

James Graham, 3rd Duke of Montrose, KG, KT, PC (8 September 1755 – 30 December 1836), styled Marquess of Graham until 1790, was a Scottish nobleman and statesman.

Monks Investment Trust

Monks Investment Trust (LSE: MNKS) was incorporated in 1929 and was one of three trusts founded in the late 1920s by a group of investors headed by Sir Auckland (later Lord) Geddes. The other two trusts were The Friars Investment Trust and The Abbots Investment Trust. The company secretary's office was at 13/14 Austin Friars in the City of London hence the names. Sir Auckland Geddes was a former professor of anatomy who, during the First World War, had become Director of Recruiting at the War Office. He then went on to become a Unionist MP and a Cabinet Minister as President of the Board of Trade.In 1931, Baillie Gifford & Co took over the management of all three companies.In 1968, under a Scheme of Arrangement, the three trusts were merged with Monks acquiring the ordinary share capital of Friars and Abbots.

Richard Hely-Hutchinson, 4th Earl of Donoughmore

Richard John Hely-Hutchinson, 4th Earl of Donoughmore PC FRS (4 April 1823 – 22 February 1866), styled Viscount Suirdale between 1832 and 1851, was a British Conservative politician.

Robert Horne, 1st Viscount Horne of Slamannan

Robert Stevenson Horne, 1st Viscount Horne of Slamannan, (28 February 1871 – 3 September 1940) was a Scottish businessman, advocate and Unionist politician. He served under David Lloyd George as Minister of Labour between 1919 and 1920, as President of the Board of Trade between 1920 and 1921 and as Chancellor of the Exchequer between 1921 and 1922. In 1937 he was ennobled as Viscount Horne of Slamannan.

Second International Tramways and Light Railways Exhibition

The Second International Tramways and Light Railways Exhibition was held in the Royal Agricultural Hall, Islington, London from 1 July 1902 - 12 July 1902It was a successor event to the First International Tramways and Light Railways Exhibition held in 1900.

The Second International Tramways and Light Railways Exhibition was opened on 1 July 1902 by the President of the Board of Trade, Gerald Balfour, 2nd Earl of Balfour. It was organised by Tramway and Railway World. The major suppliers of tramway and light railway equipment were present, including:

Brush Electrical Engineering Company

The British Electric Car Company

Dick, Kerr & Co.The International Tramways and Light Railways Congress held its meetings on 1 and 2 July, co-inciding with the exhibition. This was the 12th congress held by the Union Internationale Permanenete de Tramways, and the first in London.A successor event, the Third International Electric Tramway and Railway Exhibition was held in 1905.

Secretary of State for Business, Energy and Industrial Strategy

Her Majesty's Principal Secretary of State for Business, Energy and Industrial Strategy (DEBEIS), or informally Business Secretary, is a cabinet position in the United Kingdom government. The office is responsible for the Department for Business, Energy and Industrial Strategy (formerly the Department for Business, Innovation and Skills and previous to that the Department for Business, Enterprise and Regulatory Reform). The secretary of state was, until July 2016, also President of the Board of Trade when that position was transferred to the newly created post of Secretary of State for International Trade.

Shadow Secretary of State for Business, Energy and Industrial Strategy

The Shadow Secretary of State for Business, Energy and Industrial Strategy is an office within British politics held by a member of Her Majesty's Loyal Opposition. The duty of the office holder is to scrutinise the actions of the government's Secretary of State for Business, Energy and Industrial Strategy and develop alternative policies. The office holder is a member of the Shadow Cabinet.

Thomas Grey, 2nd Earl of Stamford

Thomas Grey, 2nd Earl of Stamford, PC (c. 1654 – 31 January 1720) was a British peer and politician.Grey was the only son of Thomas, Lord Grey of Groby, and inherited his title from his grandfather. His mother was Lady Dorothy Bourchier, daughter of Edward Bourchier, 4th Earl of Bath.

Grey took some part in resisting the arbitrary actions of James II, and was arrested in July 1685. After his release he took up arms on behalf of William of Orange in the Glorious Revolution, after whose accession to the throne he was made a Privy Counsellor (1694) and Lord Lieutenant of Devon (1696). Politically he was described as an "unrepentant Whig", who reaffirmed his belief in the Popish Plot by voting against the motion to reverse the attainder on William Howard, 1st Viscount Stafford.

In 1697 he became Chancellor of the Duchy of Lancaster, and in 1699 President of the Board of Trade, being dismissed from his office upon the accession of Anne in 1702. From 1707 to 1711, however, he was again President of the Board of Trade.On his death without children, his titles and Leicestershire estate at Bradgate Park passed to his first cousin Henry Grey, 3rd Earl of Stamford (1685–1739), a grandson of the first earl, from whom the later earls were descended.

Thomas Milner Gibson

Thomas Milner Gibson PC (3 September 1806 – 25 February 1884) was a British politician.

Vice-President of the Board of Trade

The office of Vice-President of the Board of Trade was a junior ministerial position in the government of the United Kingdom. The office was created in 1786 and abolished in 1867. From 1848 onwards the office was held concurrently with that of Paymaster-General. The office was succeeded by that of Parliamentary Secretary to the Board of Trade.

Notable holders of the office include Lord Grenville, William Ewart Gladstone, Lord Goderich and the Earl Granville.

William Graham (Edinburgh MP)

William Graham PC (29 July 1887 – 8 January 1932) was a Scottish Labour politician.

Born in Peebles, he was educated at Peebles Public School and George Heriot's School, Edinburgh. After a time as a junior clerk in the War Office, he became a journalist.

He joined the Independent Labour Party in 1906, and was elected to Edinburgh Town Council in 1913. He gained an MA from University of Edinburgh in 1915, and was later awarded an Honorary LLD by the University in 1927.

He served as Labour MP for Edinburgh Central from 1918 until 1931. Early in his parliamentary career he found himself at odds with many Labour MPs and contemplated joining the Liberals. He held office as Financial Secretary to the Treasury in 1924 (when he was sworn as a Privy Councillor) and as President of the Board of Trade from 1929-31. He was responsible for the Coal-Mines Bill, several overseas missions, and industrial inquiries. He was appointed a Privy Counsellor in 1924. He also served on the Royal Commissions on income-tax in 1919, and Oxford and Cambridge in 1920-1921, and was a Member of the Speaker's Conference on Devolution in 1919-1920. He was also a Member of the Medical Research Council from 1920-1928.

He was joint Deputy Leader of the Labour Party from 1931 until his death from pneumonia in 1932.

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