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Bubble Act
The Bubble Act 1720 ( 6 Geo. 1. c. 18) (also Royal Exchange and London Assurance Corporation Act 1719) was an act of the Parliament of Great Britain passed on 11 June 1720 that incorporated the Royal Exchange Assurance Corporation and London Assurance Corporation, but more significantly forbade the formation of any other joint-stock companies unless approved by royal charter. Its provisions were extended later by the ( 14 Geo. 2. c. 37) to include its colonies, particularly Massachusetts. The act gave the South Sea Company a monopoly over British trade with South America until the South Sea Bubble "popped" in Britain's first major stock market collapse. Background Various motivations have been suggested for the act. They include the desire to prevent the speculation that produced the contemporary South Sea Bubble, an attempt to prevent smaller non-charter companies from forming and so reduce the importance of Parliament in regulating businesses; or the South Sea Company i ...
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6 Geo
6 (six) is the natural number following 5 and preceding 7. It is a composite number and the smallest perfect number. In mathematics A six-sided polygon is a hexagon, one of the three regular polygons capable of tiling the plane. A hexagon also has 6 edges as well as 6 internal and external angles. 6 is the second smallest composite number. It is also the first number that is the sum of its proper divisors, making it the smallest perfect number. It is also the only perfect number that doesn't have a digital root of 1. 6 is the first unitary perfect number, since it is the sum of its positive proper unitary divisors, without including itself. Only five such numbers are known to exist. 6 is the largest of the four all-Harshad numbers. 6 is the 2nd superior highly composite number, the 2nd colossally abundant number, the 3rd triangular number, the 4th highly composite number, a pronic number, a congruent number, a harmonic divisor number, and a semiprime. 6 is als ...
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South Sea Bubble
South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both west and east. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz'' ("south"), possibly related to the same Proto-Indo-European root that the word ''sun'' derived from. Some languages describe south in the same way, from the fact that it is the direction of the sun at noon (in the Northern Hemisphere), like Latin meridies 'noon, south' (from medius 'middle' + dies 'day', ), while others describe south as the right-hand side of the rising sun, like Biblical Hebrew תֵּימָן teiman 'south' from יָמִין yamin 'right', Aramaic תַּימנַא taymna from יָמִין yamin 'right' and Syriac ܬܰܝܡܢܳܐ taymna from ܝܰܡܝܺܢܳܐ yamina (hence the name of Yemen, the land to the south/right of the Levant). South is sometimes abbreviated as S. Navigation By convention, the ''bottom or down ...
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Repealed Great Britain Acts Of Parliament
A repeal (O.F. ''rapel'', modern ''rappel'', from ''rapeler'', ''rappeler'', revoke, ''re'' and ''appeler'', appeal) is the removal or reversal of a law. There are two basic types of repeal; a repeal with a re-enactment is used to replace the law with an updated, amended, or otherwise related law, or a repeal without replacement so as to abolish its provisions altogether. Removal of secondary legislation is normally referred to as revocation rather than repeal in the United Kingdom and Ireland. Under the common law of England and Wales, the effect of repealing a statute was "to obliterate it completely from the records of Parliament as though it had never been passed." This, however, is now subject to savings provisions within the Interpretation Act 1978. In parliamentary procedure, the motion to rescind, repeal, or annul is used to cancel or countermand an action or order previously adopted by the assembly. Partial or full repeals A partial repeal occurs when a specified par ...
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Great Britain Acts Of Parliament 1720
Great may refer to: Descriptions or measurements * Great, a relative measurement in physical space, see Size * Greatness, being divine, majestic, superior, majestic, or transcendent People * List of people known as "the Great" * Artel Great (born 1981), American actor * Great Osobor (born 2002), Spanish-born British basketball player Other uses * ''Great'' (1975 film), a British animated short about Isambard Kingdom Brunel * ''Great'' (2013 film), a German short film * Great (supermarket), a supermarket in Hong Kong * GReAT, Graph Rewriting and Transformation, a Model Transformation Language * Gang Resistance Education and Training Gang Resistance Education And Training, abbreviated G.R.E.A.T., provides a school-based, police officer-instructed program in America that includes classroom instruction and a variety of learning activities. The program was originally adminis ..., or GREAT, a school-based and police officer-instructed program * Global Research and Analysis Te ...
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Laurence Gower
Laurence Cecil Bartlett Gower (29 December 1913 – 25 December 1997) known as 'Jim' and universally credited as "LCB Gower" in his writings, was a lawyer and academic who was Vice Chancellor of the University of Southampton from 1971–79. Early life He was born in Forest Gate, London (then part of Essex) and educated at Lindisfarne College. He then attended University College, London graduating LLB with first class honours in 1933 and LLM in 1934. He qualified as a solicitor in 1937. War service He served in the army throughout World War II initially in the Royal Artillery (RA) as a Private where he served under Sir Mortimer Wheeler. He ended service as a Lieutenant-Colonel in the Royal Army Ordnance Corps (RAOC). He was involved in the planning at Wilton House of the D-Day landings in France. Academic career After leaving the army, he commenced academic work as a lecturer in law at University College, London. He was also Sir Ernest Cassel Professor of Commercial Law ...
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Marine Insurance
Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance a sub-branch of marine insurance, though marine insurance also includes onshore and offshore exposed property, ( container terminals, ports, oil platforms, pipelines), hull, marine casualty, and marine losses. When goods are transported by mail or courier or related post, shipping insurance is used instead. History In December 1901 and January 1902, at the direction of archaeologist Jacques de Morgan, Father Jean-Vincent Scheil, OP found a tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (–1750 BC) of the First Babylonian Empire in the city of Shush, Iran. Code of Hammurabi Law 100 stipulated repayment by a debtor of a loan to a creditor on a schedule with a maturity date specified ...
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London Assurance Company
London Assurance was an English insurance company founded in 1720, in the midst of the South Sea Bubble speculation. It was acquired by Sun Alliance in 1965 to form the Sun Alliance and London. Background The period 1719-20 saw an upsurge in joint stock flotations with marine insurance being prominent. Amongst the embryo schemes were ones by Stephen Ram and James Colebrook and these provided “the seed” for London Assurance. Colebrook was a merchant banker and a heavy subscriber to the combined society. Stephen Ram was a member of the Court of the Goldsmiths Company, a treasurer of Corr’s lottery and had enjoyed mixed success with other speculative ventures. The London Assurance flotation came in January 1720 and was spectacularly successful, its share price rising even faster than that of the South Sea Company. However, the scale of the speculation led to the passing of the Bubble Act in June 1720. This forbade the formation of joint stock companies unless enabled by roya ...
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Royal Exchange Assurance Corporation
The Royal Exchange Assurance, founded in 1720, was a British insurance company. It took its name from the location of its offices at the Royal Exchange, London. Origins The Royal Exchange Assurance emerged from a joint stock insurance enterprise known as ''Onslow's insurance'' or ''Onslow's Bubble''. This had been begun as the ''Mercer's Hall Marine Company'', or ''Undertaking kept at the Royal Exchange for insuring ships and merchandise at sea''. A similar enterprise sought incorporation in 1718, but the Attorney-General reported against this. Lord Onslow then sought a means of avoiding the difficulty by his company acquiring the charters of Society of Mines Royal and Company of Mineral and Battery Works, which declared itself open for assuring ships and merchandise in March 1719. Their opponents petitioned against this and the Attorney-General reported in May 1719 that the use made of the charters was "unwarrantable". The directors admitted this mistake but requested their o ...
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Chartered Company
A chartered company is an association with investors or shareholders that is Incorporation (business), incorporated and granted rights (often Monopoly, exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, or colonization, or a combination of these. Notable chartered companies (with years of formation) Austrian British The article ''Chartered Companies'' in the Encyclopædia Britannica Eleventh Edition, ''Encyclopædia Britannica'' Eleventh Edition, by William Bartleet Duffield, contains a detailed narrative description of the development of some of the companies in England and, later, Britain. Dutch English French German Polish-Lithuanian Portuguese Russian *1799–1867 Russian-American Company Scandinavian Scottish Spanish Italian From 3 August 1889 to 15 May 1893 Filonardi was the first Governor of Italian Somaliland and was in charge of an Italian company responsible for the administra ...
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Statute Law Revision Act 1873
A statute is a law or formal written enactment of a legislature. Statutes typically declare, command or prohibit something. Statutes are distinguished from court law and unwritten law (also known as common law) in that they are the expressed will of a legislative body, whether that be on the behalf of a country, state or province, county, municipality, or so on. Depending on the legal system, a statute may also be referred to as an "act." Etymology The word appears in use in English as early as the 14th century. "Statute" and earlier English spellings were derived from the Old French words ''statut'', ''estatut'', ''estatu,'' meaning "(royal) promulgation, (legal) statute." These terms were in turn derived from the Late Latin ''statutum,'' meaning "a law, decree." Publication and organization In virtually all countries, newly enacted statutes are published and distributed so that everyone can look up the statutory law. This can be done in the form of a government gazette, whi ...
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Law Quarterly Review
The ''Law Quarterly Review'' is a peer-reviewed academic journal covering common law throughout the world. It was established in 1885 and is published by Sweet & Maxwell. It is one of the leading law journals in the United Kingdom. History The ''LQR''s founding editor was Frederick Pollock, then Corpus Professor of Jurisprudence at the University of Oxford. Founded in 1885, it is one of the oldest law journals in the English-speaking world, after only the ''University of Pennsylvania Law Review'' and the '' South African Law Journal''. The editors' intention was that the journal would help to establish law as a worthy field of academic study. In this purpose it has "triumphed". In the first volume alone its contributors included, in addition to Pollock himself, Sir William Anson, Albert Venn Dicey, and Thomas Erskine Holland, each of whom had assisted in the founding of the journal, as well as Oliver Wendell Holmes, F. W. Maitland, T. E. Scrutton (later Lord Justice), Ja ...
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Harvard University Press
Harvard University Press (HUP) is an academic publishing house established on January 13, 1913, as a division of Harvard University. It is a member of the Association of University Presses. Its director since 2017 is George Andreou. The press maintains offices in Cambridge, Massachusetts, near Harvard Square, and in London, England. The press co-founded the distributor TriLiteral LLC with MIT Press and Yale University Press. TriLiteral was sold to LSC Communications in 2018. Notable authors published by HUP include Eudora Welty, Walter Benjamin, E. O. Wilson, John Rawls, Emily Dickinson, Stephen Jay Gould, Helen Vendler, Carol Gilligan, Amartya Sen, David Blight, Martha Nussbaum, and Thomas Piketty. The Display Room in Harvard Square, dedicated to selling HUP publications, closed on June 17, 2009. Related publishers, imprints, and series HUP owns the Belknap Press imprint (trade name), imprint, which it inaugurated in May 1954 with the publication of the ''Harvard Guide to ...
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