George Angas
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George Angas
George Fife Angas (1 May 1789 – 15 May 1879) was an English businessman and banker who, while residing in England, played a significant part in the formation and establishment of the Province of South Australia. He established the South Australian Company and was its founding chairman of the board of directors. In later life he migrated to the colony and served as a member of the first South Australian Legislative Council. His financial contribution of some £40,000 was instrumental to the creation of South Australia. Early life Angas was born at Newcastle upon Tyne, England, fifth son of coachbuilder and ship owner Caleb Angas of Newcastle (1743–1831) and his second wife Sarah Angas née Lindsay (1749–1802). After his mother's death, Angas continued his education at a boarding school and at age 15 became an apprentice coachbuilder under his father's direction. He started the ''Benevolent Society of Coachbuilders in Newcastle'' in 1807 "to provide for sick members and ...
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Newcastle Upon Tyne
Newcastle upon Tyne ( RP: , ), or simply Newcastle, is a city and metropolitan borough in Tyne and Wear, England. The city is located on the River Tyne's northern bank and forms the largest part of the Tyneside built-up area. Newcastle is also the most populous city of North East England. Newcastle developed around a Roman settlement called Pons Aelius and the settlement later took the name of a castle built in 1080 by William the Conqueror's eldest son, Robert Curthose. Historically, the city’s economy was dependent on its port and in particular, its status as one of the world's largest ship building and repair centres. Today, the city's economy is diverse with major economic output in science, finance, retail, education, tourism, and nightlife. Newcastle is one of the UK Core Cities, as well as part of the Eurocities network. Famous landmarks in Newcastle include the Tyne Bridge; the Swing Bridge; Newcastle Castle; St Thomas’ Church; Grainger Town including G ...
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Durham, England
Durham ( , locally ), is a cathedral city and civil parish on the River Wear, County Durham, England. It is an administrative centre of the County Durham District, which is a successor to the historic County Palatine of Durham (which is different to both the ceremonial county and district of County Durham). The settlement was founded over the final resting place of St Cuthbert. Durham Cathedral was a centre of pilgrimage in medieval England while the Durham Castle has been the home of Durham University since 1832. Both built in 11th-century, the buildings were designated as a World Heritage Site by UNESCO in 1986. HM Prison Durham is also located close to the city centre and was built in 1816. Name The name "Durham" comes from the Brythonic element , signifying a hill fort and related to -ton, and the Old Norse , which translates to island.Surtees, R. (1816) ''History and Antiquities of the County Palatine of Durham'' (Classical County Histories) The Lord Bishop of Durh ...
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Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ...
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Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." A typical example is the machinery used in factories. Capital can be increased by the use of the factors of production, which however excludes certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models, capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods, real capital, or capital assets are already-produced, durable goods or any non-fi ...
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South Australian Land Company
British colonisation of South Australia describes the planning and establishment of the colony of South Australia by the British government, covering the period from 1829, when the idea was raised by the then-imprisoned Edward Gibbon Wakefield, to 1842, when the ''South Australia Act 1842'' changed the form of government to a Crown colony. Ideas espoused and promulgated by Wakefield since 1829 led to the formation of the South Australian Land Company in 1831, but this first attempt failed to achieve its goals, and the company folded. The South Australian Association was formed in 1833 by Wakefield, Robert Gouger and other supporters, which put forward a proposal less radical than previous ones, which was finally supported and a Bill proposed in Parliament. The British Province of South Australia was established by the ''South Australia Act 1834'' in August 1834, and the South Australian Company formed on 9 October 1835 to fulfil the purposes of the Act by forming a new colo ...
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British American Land Company
The British American Land Company (BALC) was a company formed in 1832 for the purpose of purchasing land and encouraging British immigration to Lower Canada. It was founded and promoted by John Galt, Edward Ellice and others to acquire and manage the development of almost of Crown land and other lands in the Eastern Townships of Lower Canada, in order to encourage the immigration of British subjects to the region. In comparison to the Canada Company, a similar enterprise in Upper Canada that thrived through collaboration with the local government, the BALC indulged in land speculation, made immigration a secondary priority, and struggled throughout its existence. Origin and formation Following the success of the Canada Company in spurring settlement efforts in Upper Canada, similar efforts were initiated to establish a similar company to promote settlement in the Eastern Townships of Lower Canada. A group of investors in Montreal, headed by Francis Nathaniel Burton, proposed ...
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Union Bank Of Australia
The Union Bank of Australia was an Australian bank in operation from 1837 to 1951. It was established in London in October 1837 with a subscribed capital of £500,000. The foundation of the bank had followed a visit to England by Van Diemen's Land banker Philip Oakden with a view to forming a large joint stock bank operating across the Australasian colonies, during which time he gained the support of businessman and banker George Fife Angas who had founded the South Australian Company. The new bank absorbed Oakden's struggling Launceston-based Tamar Bank upon his return, and opened its first branch in the former Tamar Bank premises on 1 May 1838. It expanded into Victoria on 18 October 1838, when it acquired the Melbourne business of the Tasmanian Derwent Bank, which had been the first bank in the city. It then opened its first Sydney branch on 2 January 1839. In 1840, it opened its first New Zealand branch in Wellington. In its early years, it had an agreement with the original ...
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NatWest
National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. The British government currently owns around 48.1%, previously 54.7% of NatWest Group after spending £45 billion ($61.87 billion) bailing out the lender in 2008. NatWest is considered one of the Big Four clearing banks in the UK, and it has a large network of over 960 branches and 3,400 cash machines across Great Britain and offers 24-hour ''Actionline'' telephone and online banking services. Today, it has more than 7.5 million personal customers and 850,000 ...
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National Provincial Bank
National Provincial Bank was a British retail bank which operated in England and Wales from 1833 until 1970 when it was merged into the National Westminster Bank. It continued to exist as a dormant non-trading company until 2016 when it was voluntarily struck off the register and dissolved. Considered one of the "Big Five," the National Provincial Bank expanded during the 19th and 20th centuries and took over a number of smaller banking companies. For most of its history it was based on Bishopsgate, at the thoroughfare's junction with Threadneedle Street, in London. It is possible to still see evidence of this bank at Waterloo Station in London, where the logo has been removed but the outline of the words remain. History National Provincial Bank of England The National Provincial Bank played a unique role in the development of commercial banking. Prior to the Act of 1826, English banks were permitted to have no more than six partners – hence the expression "private banks ...
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Corporation Act
The Corporation Act of 1661 was an Act of the Parliament of England (13 Cha. II. St. 2 c. 1). It belonged to the general category of test acts, designed for the express purpose of restricting public offices in England to members of the Church of England. Though commonly spoken of as one of the "Penal Laws", and enumerated by Butler in his ''Historical Account of the Laws against the Roman Catholics of England'', it was not directly aimed against them, but against the Presbyterians. It was passed in December 1661, the year after the Restoration, by Charles II. The Cavalier Parliament aimed at restoring England to its state before the time of the Commonwealth. It required all the prudence of the Earl of Clarendon, the chancellor, to restrain them. The Corporation Act represents the limit to which he was prepared to go in endeavouring to restrict the power of the Presbyterians. They were influentially represented in the government of cities and boroughs throughout the country, and ...
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Test Act
The Test Acts were a series of English penal laws that served as a religious test for public office and imposed various civil disabilities on Roman Catholics and nonconformists. The underlying principle was that only people taking communion in the established Church of England were eligible for public employment, and the severe penalties pronounced against recusants, whether Catholic or nonconformist, were affirmations of this principle. Similar laws were introduced in Scotland with respect to the Presbyterian Church of Scotland. In practice nonconformists were often exempted from some of these laws through the regular passage of Acts of Indemnity: in particular, the Indemnity Act 1727 relieved Nonconformists from the requirements in the Test Act 1673 and the Corporation Act 1661 that public office holders must have taken the sacrament of the Lord's Supper in an Anglican church. Except at Oxbridge, where nonconformists and Catholics could not matriculate (Oxford) or graduate (Ca ...
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Gateshead
Gateshead () is a large town in northern England. It is on the River Tyne's southern bank, opposite Newcastle upon Tyne, Newcastle to which it is joined by seven bridges. The town contains the Gateshead Millennium Bridge, Millennium Bridge, Sage Gateshead, The Sage, and the Baltic Centre for Contemporary Art, and has on its outskirts the twenty metre tall Angel of the North sculpture. Historic counties of England, Historically part of County Durham, under the Local Government Act 1888 the town was made a county borough, meaning it was administered independently of the county council. Since 1974, the town has been administered as part of the Metropolitan Borough of Gateshead within Tyne and Wear. In the 2011 Census, town had a population 120,046 while the wider borough had 200,214. Toponymy Gateshead is first mentioned in Latin translation in Bede, Bede's ''Ecclesiastical History of the English People'' as ''ad caput caprae'' ("at the goat's head"). This interpretation is consis ...
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