Cyril Patrick Mahon
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Cyril Patrick Mahon
Cyril Patrick Mahon (9 September 1882 – 14 July 1945) was a British banker who served as Chief Cashier of the Bank of England from 1925 to 1929 and comptroller of the Bank from 1929 to 1932. Mahon was succeeded as Chief Cashier by Basil G. Catterns. Mahon was born in Leigh-on-Mendip, Somerset,''1911 England Census'' the son of village vicar Rev. George Augustus Mahon. He was educated at All Saints School, Clifton, and at All Saints School, Bloxham, Oxfordshire. He worked for a year at Lincoln Bank in Grimsby before joining the Bank of England in March 1901. In 1916, he was appointed assistant principal of the Discount Office before being promoted to assistant chief cashier in 1918, deputy chief cashier in 1923 and chief cashier in 1926. He was appointed to his final position, comptroller, in 1929, which was then the senior official position in the Bank. In 1932, health problems forced him into early retirement at age 49. Following his death in Taunton, Somerset in 1945, ''The T ...
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Bank Of England £5 Note 1926
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Chief Cashier Of The Bank Of England
The Chief Cashier of the Bank of England is the person responsible for issuing banknotes at the Bank of England and is the director of the divisions which provide the Bank of England's banking infrastructure. This person is known to the general public because since 1870 the Chief Cashier's signature is printed on all bank notes issued by the Bank of England. In 2004 a new post was created, Executive Director of Banking & Chief Cashier, incorporating the title. The post is currently held by Sarah John who was appointed in June 2018. She is the 33rd Chief Cashier since the Bank was founded in 1694. Responsibilities The position has the following responsibilities: * The security and effective operation of real-time gross settlement in the UK’s high value payment systems (CHAPS and CREST). * Along with the Bank’s Sterling Markets Division they are also responsible for the provision of liquidity to the market and settlement banks. * The issuing and effective distribution of ...
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Comptroller
A comptroller (pronounced either the same as ''controller'' or as ) is a management-level position responsible for supervising the quality of accounting and financial reporting of an organization. A financial comptroller is a senior-level executive who acts as the head of accounting, and oversees the preparation of financial reports, such as balance sheets and income statements. In most Commonwealth countries, the comptroller general, auditor general, or comptroller and auditor general is the external auditor of the budget execution of the government and of government-owned companies. Typically, the independent institution headed by the comptroller general is a member of the International Organization of Supreme Audit Institutions. In American government, the comptroller is effectively the chief financial officer of a public body. In business management, the comptroller is closer to a chief audit executive, holding a senior role in internal audit functions. Generally, the title ...
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Basil G
Basil (, ; ''Ocimum basilicum'' , also called great basil, is a culinary herb of the family Lamiaceae (mints). It is a tender plant, and is used in cuisines worldwide. In Western cuisine, the generic term "basil" refers to the variety also known as sweet basil or Genovese basil. Basil is native to tropical regions from Central Africa to Southeast Asia. In temperate climates basil is treated as an annual plant, however, basil can be grown as a short-lived perennial or biennial in warmer horticultural zones with tropical or Mediterranean climates. There are many varieties of basil including sweet basil, Thai basil (''O. basilicum'' var. ''thyrsiflora''), and Mrs. Burns' Lemon (''O. basilicum var. citriodora''). ''O. basilicum'' can cross-pollinate with other species of the ''Ocimum'' genus, producing hybrids such as lemon basil (''O. × citriodorum'') and African blue basil (''O. × kilimandscharicum''). Etymology The name "basil" comes from the Latin , and the Greek (), m ...
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The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as ''The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of nationa ...
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Leigh-on-Mendip
Leigh-on-Mendip or Leigh upon Mendip (on Ordnance Survey maps) is a small village on the Mendip Hills in Somerset, England. It lies roughly equidistant from Frome, Radstock and Shepton Mallet at about from each town. The village has several sporting clubs, including cricket, shortmat bowls and table tennis. There is a First School. History The name of this village is pronounced ''lye'' or ''lie'' by local residents rather than ''lee'', and probably comes from the Old English meaning ''grove'' or ''glade''. The estate formed part of the manor and liberty of Mells and was held by Glastonbury Abbey from Saxon times until the dissolution of the monasteries. It then passed to the Horner family. The parish was part of the hundred of Frome. On 19 June 1643 the village was the site of a skirmish in the English Civil War, between Royalist regiment of Sir James Hamilton and the parliamentary forces under Major Francis Duett. Some dwellings in Leigh on Mendip parish are close to the ...
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Somerset
( en, All The People of Somerset) , locator_map = , coordinates = , region = South West England , established_date = Ancient , established_by = , preceded_by = , origin = , lord_lieutenant_office =Lord Lieutenant of Somerset , lord_lieutenant_name = Mohammed Saddiq , high_sheriff_office =High Sheriff of Somerset , high_sheriff_name = Mrs Mary-Clare Rodwell (2020–21) , area_total_km2 = 4171 , area_total_rank = 7th , ethnicity = 98.5% White , county_council = , unitary_council = , government = , joint_committees = , admin_hq = Taunton , area_council_km2 = 3451 , area_council_rank = 10th , iso_code = GB-SOM , ons_code = 40 , gss_code = , nuts_code = UKK23 , districts_map = , districts_list = County council area: , MPs = * Rebecca Pow (C) * Wera Hobhouse ( LD) * Liam Fox (C) * David Warburton (C) * Marcus Fysh (C) * Ian Liddell-Grainger (C) * James Heappey (C) * Jacob Rees-Mogg (C) * John Penrose (C) , police = Avon and Somerset Police ...
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Bloxham
Bloxham is a village and civil parish in northern Oxfordshire several miles from the Cotswolds, about southwest of Banbury. It is on the edge of a valley and overlooked by Hobb Hill. The village is on the A361 road. The 2011 Census recorded the parish's population as 3,374. History Roman Under Roman rule between the 1st and 5th centuries AD there were several farms and a burial site in the Bloxham area. A poor farming community lived at a site west of the present village. Saxon The toponym is derived from the Old English ''Blocc's Ham'' (the home of Blocc) from the 6th century, when a Saxon settlement was built on the present site of the village, on the banks of a tributary of the Sor Brook. In 1086 the Domesday Book called the village ''Blochesham''. Its name was subsequently recorded as ''Blocchesham'' in 1142, ''Blokesham'' in 1216, and finally Bloxham in 1316. In the late Anglo-Saxon era Bloxham was part of a large estate, belonging to the Earl of Mercia, stretching fro ...
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Oxfordshire
Oxfordshire is a ceremonial and non-metropolitan county in the north west of South East England. It is a mainly rural county, with its largest settlement being the city of Oxford. The county is a centre of research and development, primarily due to the work of the University of Oxford and several notable science parks. These include the Harwell Science and Innovation Campus and Milton Park, both situated around the towns of Didcot and Abingdon-on-Thames. It is a landlocked county, bordered by six counties: Berkshire to the south, Buckinghamshire to the east, Wiltshire to the south west, Gloucestershire to the west, Warwickshire to the north west, and Northamptonshire to the north east. Oxfordshire is locally governed by Oxfordshire County Council, together with local councils of its five non-metropolitan districts: City of Oxford, Cherwell, South Oxfordshire, Vale of White Horse, and West Oxfordshire. Present-day Oxfordshire spanning the area south of the Thames was h ...
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Grimsby
Grimsby or Great Grimsby is a port town and the administrative centre of North East Lincolnshire, Lincolnshire, England. Grimsby adjoins the town of Cleethorpes directly to the south-east forming a conurbation. Grimsby is north-east of Lincoln, England, Lincoln, (via the Humber Bridge) south-south-east of Kingston upon Hull, Hull, south-east of Scunthorpe, east of Doncaster and south-east of Leeds. Grimsby is also home to notable landmarks such as Grimsby Minster, Port of Grimsby, Cleethorpes Beach and Grimsby Fishing Heritage Museum. Grimsby was once the home port for the world's largest fishing fleet around the mid-20th century, but fishing then fell sharply. The Cod Wars denied UK access to Icelandic fishing grounds and the European Union used its Common Fisheries Policy to parcel out fishing quotas to other European countries in waters within of the UK coast. Grimsby suffered post-industrial decline like most other post-industrial towns and cities. However, food pro ...
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Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ...
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Taunton
Taunton () is the county town of Somerset, England, with a 2011 population of 69,570. Its thousand-year history includes a 10th-century monastic foundation, Taunton Castle, which later became a priory. The Normans built a castle owned by the Bishops of Winchester. Parts of the inner ward house were turned into the Museum of Somerset and Somerset Military Museum. For the Second Cornish uprising of 1497, Perkin Warbeck brought an army of 6,000; most surrendered to Henry VII on 4 October 1497. On 20 June 1685 the Duke of Monmouth crowned himself King of England here in a rebellion, defeated at the Battle of Sedgemoor. Judge Jeffreys led the Bloody Assizes in the Castle's Great Hall. The Grand Western Canal reached Taunton in 1839 and the Bristol and Exeter Railway in 1842. Today it hosts Musgrove Park Hospital, Somerset County Cricket Club, is the base of 40 Commando, Royal Marines, and is home to the United Kingdom Hydrographic Office on Admiralty Way. The popular Taunton flow ...
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