Bank Of England £1 Note
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Bank Of England £1 Note
The Bank of England £1 note was a sterling banknote. After the ten shilling note was withdrawn in 1970, it became the smallest denomination note issued by the Bank of England. The one pound note was issued by the Bank of England for the first time in 1797 and continued to be printed until 1984. The note was withdrawn in 1988 due to inflation and was replaced by a coin. History One pound notes were introduced by the Bank of England for the first time in 1797, following gold shortages caused by the French Revolutionary Wars. The earliest notes were handwritten, and were issued as needed to individuals. These notes were written on one side only and bore the name of the payee, the date, and the signature of the issuing cashier. Between 1797 and 1821 the lack of bullion meant that banks would not exchange banknotes for gold, but after the end of the Napoleonic Wars the shortage was alleviated such that notes could be exchanged for an equivalent amount of gold when presented at the ...
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Pound (currency)
Pound is the name for a unit of currency. It is used in some countries today and previously was used in many others. The English word ''pound'' derives from the Latin expression , in which lībra is a noun meaning "pound" and ''pondō'' is an adverb meaning "by weight". The currency's symbol is £, a stylised form of the blackletter L (\mathfrak) (from ''libra''), crossed to indicate abbreviation. The term was adopted in England from the weight of silver used to make to 240 pennies, and eventually spread to British colonies all over the world. While silver pennies were produced seven centuries earlier, the first pound coin was minted under Henry VII in 1489. Countries and territories currently using currency units named "pound" Historical currencies * Australian pound (until 1966, replaced by the Australian dollar). The Australian pound was also used in the Gilbert and Ellice Islands, Nauru, New Hebrides and Papua and New Guinea. It was replaced in the New Hebrides/Vanuat ...
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John Bradbury, 1st Baron Bradbury
John Swanwick Bradbury, 1st Baron Bradbury (23 September 1872 – 3 May 1950) was a British economist and public servant. Bradbury was born in Crook Lane, Winsford, Cheshire, the son of John Bradbury and Sarah Cross. He was educated at Manchester Grammar School, The King's School, Chester and Brasenose College, Oxford, and joined the Civil Service in 1896. He served as Private Secretary to the Chancellor of the Exchequer H. H. Asquith from 1905 to 1908, as Principal Clerk in the Treasury and First Treasury Officer of Accounts from 1908 to 1911, as Joint Permanent Secretary to the Treasury from 1913 to 1919 and as the Principal British Delegate to the Reparations Commission in Paris from 1919 to 1925. During the First World War he was the government's chief economic adviser. He was appointed Companion of the Order of the Bath (CB) in 1909, Knight Commander of the Order of the Bath (KCB) in 1913, and Knight Grand Cross of the Order of the Bath (GCB) for his services as Principal ...
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Bank Of England Note Issues
The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes since 1694. In 1921 the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales, a process that started with the Bank Charter Act of 1844 when the ability of other banks to issue notes was restricted. Banknotes were originally hand-written; although they were partially printed from 1725 onwards, cashiers still had to sign each note and make them payable to someone. Notes were fully printed from 1855. Since 1970, the Bank of England's notes have featured portraits of British historical figures. Of the eight banks authorised to issue sterling notes in the UK, only the Bank of England can issue banknotes in England and Wales, where its notes are legal tender. Bank of England notes are not legal tender in Scotland and Northern Ireland, but are always accepted by traders. The Bank of England ...
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Nickel Brass
Nickel silver, Maillechort, German silver, Argentan, new silver, nickel brass, albata, alpacca, is a copper alloy with nickel and often zinc. The usual formulation is 60% copper, 20% nickel and 20% zinc. Nickel silver does not contain the element silver. It is named for its silvery appearance, which can make it attractive as a cheaper and more durable substitute. It is also well suited for being plated with silver. A naturally occurring ore composition in China was smelted into the alloy known as or () ("white copper" or cupronickel). The name "German Silver" refers to the artificial recreation of the natural ore composition by German metallurgists.Joseph Needham, Ling Wang, Gwei-Djen Lu, Tsuen-hsuin Tsien, Dieter Kuhn, Peter J Golas''Science and civilisation in China'' Cambridge University Press: 1974, , pp. 237–250 All modern, commercially important, nickel silvers (such as those standardized under ASTM B122) contain significant amounts of zinc and are sometimes considered ...
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Master Of The Mint
Master of the Mint is a title within the Royal Mint given to the most senior person responsible for its operation. It was an important office in the governments of Scotland and England, and later Great Britain and then the United Kingdom, between the 16th and 19th centuries. Until 1699, appointment was usually for life. Its holder occasionally sat in the cabinet. During the interregnum (1643–1660) the last Master of the Mint to King Charles, Sir Robert Harley, transferred his allegiance to Parliament and remained in office. After his death in 1656 Aaron Guerdon was appointed. In 1870 the role was amalgamated into the office of the Chancellor of the Exchequer, making the Chancellor, by virtue of his position, the Master of the Mint. The duty of running the mint was given to the Deputy Master of the Mint; who is now the mint's Chief Executive. Masters of the Mint in England *1331 Richard de Snowshill and Richard of Grimsby *1351–? Henry de Bruselee and John Chichester Go ...
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Operation Bernhard
Operation Bernhard was an exercise by Nazi Germany to forge British bank notes. The initial plan was to drop the notes over Britain to bring about a collapse of the British economy The economy of the United Kingdom is a highly developed social market and market-orientated economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power pa ... during the Second World War. The first phase was run from early 1940 by the (SD) under the title (Operation Andreas). The unit successfully duplicated the cotton paper, rag paper used by the British, produced near-identical engraving blocks and deduced the algorithm used to create the alpha-numeric serial code on each note. The unit closed in early 1942 after its head, Alfred Naujocks, fell out of favour with his superior officer, Reinhard Heydrich. The operation was revived later in the year; the aim was changed to forging money to finance German inte ...
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Michael Palairet
Sir Michael Palairet (29 September 1882 – 5 August 1956) was a British diplomat who was minister to Romania, Sweden and Austria, and minister and ambassador to Greece. Early life Palairet was the son of Charles Harvey Palairet, by his marriage to Emily Henry. After his mother's early death, in 1888 his father married secondly Nora Hamilton Martin. Palairet was educated at Ludgrove School and Eton College. He spent time in France and Germany to improve his languages before joining the Diplomatic Service in 1905. Career Palairet was posted to Rome in 1906, Vienna in 1908, Paris in 1913, and Athens in 1917. In 1918 he was posted back to Paris for the Peace Conference. After a brief time in the Foreign Office in London, he returned to Paris in 1920 with the rank of First Secretary. In 1922 he was posted as Counsellor to Tokyo where he and his family survived the Great Kanto earthquake on 1 September 1923, which devastated Tokyo and destroyed the British embassy. He moved on t ...
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List Of Ambassadors Of The United Kingdom To Greece
The Ambassador of the United Kingdom to Greece is the United Kingdom's foremost diplomatic representative in Greece, and head of the UK's diplomatic mission in Greece. The official title is His Britannic Majesty's Ambassador to the Hellenic Republic. The modern Greek state (then the Kingdom of Greece) was established in 1832 at the London Conference of 1832 and internationally recognised in the same year by the Treaty of Constantinople, in which Greece secured full independence from the Ottoman Empire. Besides the embassy in Athens, the UK government is represented by vice-consulates on the islands of Corfu, Crete and Rhodes, and by an honorary vice consulate on Zakynthos. Heads of Mission Minister Plenipotentiary to the King of Greece *1833–1835: Edward DawkinsHaydn, Joseph, ''The Book of Dignities: Containing Rolls of the Official Personages of the British Empire'' (1851) *1835–1849: Sir Edmund Lyons, Bt *1849–1862: Sir Thomas Wyse Envoy Extraordinary and Minist ...
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Second World War
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Good Delivery
The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. It also puts forth requirements for listing on the LBMA Good Delivery List of approved refineries. Good Delivery bars are notable for their large size and high purity. They are the type normally used in the major international markets (Hong Kong, London, New York, Sydney, Tokyo, and Zürich) and in the gold reserves of governments, central banks, and the IMF. ''The Good Delivery Rules for Gold and Silver Bars'' The entire Good Delivery specification is contained in the LBMA document titled ''The Good Delivery Rules for Gold and Silver Bars: Specifications for Good Delivery Bars and Application Procedures for Listing''. The document includes specific requirements regarding the fineness, weight, dimensions, appearance, marks, and production of gold and s ...
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Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financ ...
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Permanent Secretary To The Treasury
The UK Permanent Secretary to the Treasury is the most senior civil servant at HM Treasury. The post originated as that of Assistant Secretary to the Treasury in 1805; that office was given new duties and renamed in 1867 as a Permanent Secretaryship. The position is generally regarded as the second most influential in His Majesty's Civil Service; Andrew Turnbull (Permanent Secretary from 1998 to 2002) and Gus O'Donnell (2002–2005) were Permanent Secretaries to the Treasury who then became Cabinet Secretary, the most influential post. Previous incumbents have not always maintained the political neutrality expected of civil servants; in 1909 Sir George Murray was involved in lobbying various Crossbench peers in the House of Lords to reject the Chancellor of the Exchequer's proposed budget. In 2014, during the Scottish Independence referendum campaign, Sir Nicholas Macpherson broke with convention by publishing private advice to Chancellor of the Exchequer George Osborne. T ...
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