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City Of London Finance Committee
The City of London Finance Committee is a committee of the City of London Corporation. In its current form it has existed since 1992. It is responsible for prudent management of the City Corporation’s funds and controls a range of important functions of the City Corporation. History The Finance Committee was originally called the Coal, Corn and Rates Finance Committee when the Coal, Corn and Finance Committee was merged with the Rates Committee on 21 March 1968. Coal, Corn and Finance Committee The Coal, Corn and Finance Committee grew out the need to manage the coal duties imposed in 1667 for rebuilding the City after the Fire of London. After being transferred to the Metropolitan Board of Works they were finally abolished in 1889 when the London County Council was created. The Committee used to administer the City's Cash City's Cash is an endowment fund, overseen by the City of London Corporation, built up over 800 years and passed from generation to generation to fund serv ...
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City Of London Corporation
The City of London Corporation, officially and legally the Mayor and Commonalty and Citizens of the City of London, is the municipal governing body of the City of London, the historic centre of London and the location of much of the United Kingdom's financial sector. In 2006, the name was changed from Corporation of London as the corporate body needed to be distinguished from the geographical area to avoid confusion with the wider London local government, the Greater London Authority. Both businesses and residents of the City, or "Square Mile", are entitled to vote in City elections, and in addition to its functions as the local authority—analogous to those undertaken by the 32 boroughs that administer the rest of the Greater London region—it takes responsibility for supporting the financial services industry and representing its interests. The corporation's structure includes the Lord Mayor, the Court of Aldermen, the Court of Common Council, and the Freemen and Livery ...
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Fire Of London
The Great Fire of London was a major conflagration that swept through central London from Sunday 2 September to Thursday 6 September 1666, gutting the medieval City of London inside the old Roman city wall, while also extending past the wall to the west. The death toll is generally thought to have been relatively small, although some historians have challenged this belief. The fire started in a bakery in Pudding Lane shortly after midnight on Sunday 2 September, and spread rapidly. The use of the major firefighting technique of the time, the creation of firebreaks by means of removing structures in the fire's path, was critically delayed due to the indecisiveness of the Lord Mayor, Sir Thomas Bloodworth. By the time large-scale demolitions were ordered on Sunday night, the wind had already fanned the bakery fire into a firestorm which defeated such measures. The fire pushed north on Monday into the heart of the City. Order in the streets broke down as rumours arose of s ...
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Metropolitan Board Of Works
The Metropolitan Board of Works (MBW) was the principal instrument of local government in a wide area of Middlesex, Surrey, and Kent, defined by the Metropolis Management Act 1855, from December 1855 until the establishment of the London County Council in March 1889. Its principal responsibility was to provide infrastructure to cope with the rapid growth of the metropolis, which it accomplished with varying degrees of success. The MBW was an appointed rather than elected body. This lack of accountability made it unpopular with Londoners, especially in its latter years, when it fell prey to corruption. Background The growth of an urban area around the historic City of London had rapidly accelerated with the increase in railway commuting from the 1830s onwards. However, its local government was chaotic, with hundreds of authorities having varying fields of responsibility and overlapping geographic boundaries. Providing a specific service in a given area might need the co-ordinatio ...
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London County Council
London County Council (LCC) was the principal local government body for the County of London throughout its existence from 1889 to 1965, and the first London-wide general municipal authority to be directly elected. It covered the area today known as Inner London and was replaced by the Greater London Council. The LCC was the largest, most significant and most ambitious English municipal authority of its day. History By the 19th century, the City of London Corporation covered only a small fraction of metropolitan London. From 1855, the Metropolitan Board of Works (MBW) had certain powers across the metropolis, but it was appointed rather than elected. Many powers remained in the hands of traditional bodies such as parishes and the counties of Middlesex, Surrey and Kent. The creation of the LCC in 1889, as part of the Local Government Act 1888, was forced by a succession of scandals involving the MBW, and was also prompted by a general desire to create a competent government fo ...
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City's Cash
City's Cash is an endowment fund, overseen by the City of London Corporation, built up over 800 years and passed from generation to generation to fund services that the Corporation claims benefit London and the nation as a whole. It is one of three funds run by the City of London Corporation, the other two being the City Fund and the Bridge House Estates. The City of London's right to acquire any "wastes and open spaces" gave rise to the City's Cash estate. Its core holding is a 35-acre (14-hectare) estate within the "Square Mile", including the Old Bailey, sections of New Broad Street, Whitefriars and Fenchurch Street, plus the markets of Smithfield and Leadenhall. Billingsgate market, although now outside the City, also forms part of the Cash estate. History The City's Cash account has been regarded as being as old as the City of London Corporation itself, but the oldest remaining set of accounts date from Michaelmas 1632–Michaelmas 1633. These were the seventh set of ...
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