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John Graham Cuckney, Baron Cuckney
John Graham Cuckney, Baron Cuckney (12 July 1925 – 30 October 2008) was a British industrialist, civil servant and peer. Early life and career Born in India to Air Vice-Marshal E. J. Cuckney and his wife Lilian, Cuckney was educated at Shrewsbury School. He read medicine at the University of St Andrews, returning after service with the Royal Northumberland Fusiliers and the King's African Rifles during World War II to study history and economics. He was recruited by MI5, with whom he served until 1959. Cuckney's time in MI5 featured in Peter Wright's book ''Spycatcher'', where Wright described him as "a tough, no-nonsense" officer. Business and public service After leaving MI5, he worked in the City at stockbroking firm Standard Industrial Group, before joining merchant bank Lazards, where he became the first director to resign in over 100 years. He then established Anglo-Eastern Bank with Sir David Alliance, specialising in trade finance between Britain and the Middle Eas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Right Honourable
''The Right Honourable'' ( abbreviation: ''Rt Hon.'' or variations) is an honorific style traditionally applied to certain persons and collective bodies in the United Kingdom, the former British Empire and the Commonwealth of Nations. The term is predominantly used today as a style associated with the holding of certain senior public offices in the United Kingdom, Canada, New Zealand, and to a lesser extent, Australia. ''Right'' in this context is an adverb meaning 'very' or 'fully'. Grammatically, ''The Right Honourable'' is an adjectival phrase which gives information about a person. As such, it is not considered correct to apply it in direct address, nor to use it on its own as a title in place of a name; but rather it is used in the third person along with a name or noun to be modified. ''Right'' may be abbreviated to ''Rt'', and ''Honourable'' to ''Hon.'', or both. ''The'' is sometimes dropped in written abbreviated form, but is always pronounced. Countries with common or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merchant Bank
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope. In modern usage in the United States, the term additionally has taken on a more narrow meaning, and refers to a financial institution providing capital to companies in the form of share ownership instead of loans. A merchant bank also provides advice on corporate matters to the firms in which they invest. History Merchant banks were the first modern banks. They emerged in the Middle Ages from the Italian grain and cloth merchants community and started to develop in the 11th century during the large Eur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Of London Authority
The Port of London Authority (PLA) is a self-funding public trust established on 31 March 1909 in accordance with the Port of London Act 1908 to govern the Port of London. Its responsibility extends over the Tideway of the River Thames and its continuation (the Kent/Essex strait). It maintains and supervises navigation, and protects the river's environment. The PLA originally operated all enclosed dock systems on the river (except the Regent's Canal Dock), but these have long been closed to commercial traffic, with the exception of Port of Tilbury, which was privatised in 1992. It inherited the private police forces of the companies which had previously run the docks, reorganising them into a single Port of London Authority Police. Finance The PLA receives no funding from the government and is entirely self-financing. Revenues are raised from conservancy charges on vessels and cargo, pilotage charges, annual port dues, hydrographic services, river works licence fees and cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Defence (United Kingdom)
The Ministry of Defence (MOD or MoD) is the department responsible for implementing the defence policy set by His Majesty's Government, and is the headquarters of the British Armed Forces. The MOD states that its principal objectives are to defend the United Kingdom of Great Britain and Northern Ireland and its interests and to strengthen international peace and stability. The MOD also manages day-to-day running of the armed forces, contingency planning and defence procurement. The expenditure, administration and policy of the MOD are scrutinised by the Defence Select Committee, except for Defence Intelligence which instead falls under the Intelligence and Security Committee of Parliament. History During the 1920s and 1930s, British civil servants and politicians, looking back at the performance of the state during the First World War, concluded that there was a need for greater co-ordination between the three services that made up the armed forces of the United Kingdom: t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Military Services
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secondary Banking Crisis Of 1973–1975
The secondary banking crisis of 1973–1975 was a dramatic crash in British property prices that caused dozens of small ("secondary") lending banks to be threatened with bankruptcy. Crisis The secondary banks, like the larger institutions, had been lending heavily based on the previously rising housing prices of the late 1960s and early 1970s, borrowing excessively in relation to the collateral assets. A sudden downturn in house prices and increases in interest rates well before the November 1973 oil crisis left the smaller institutions holding many loans secured by property with lower value than the loans. The Bank of England, led by Jasper Hollom, conducted negotiations resulting in bail-outs of around 30 of the smaller banks and intervened to assist some 30 others. While all of the banks were left able to pay depositors, the Bank of England lost an estimated £100 million. The downturn was exacerbated by the global 1973–74 stock market crash, which hit the UK while it was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crown Agency
A crown agency was an administrative body of the British Empire, distinct from the Civil Service Commission of Great Britain or the government administration of the national entity in which it operated. These enterprises were overseen from 1833 to 1974 by the Office of the Crown Agents in London, thereafter named the Crown Agents for Oversea Governments and Administration. Crown Agents for Oversea Governments and Administrations Ltd became a private limited company providing development services in 1996. Today the term is also used to refer to state-controlled companies in some states of the British Commonwealth. Office of the Crown Agencies Operation Crown agencies nominally reported directly to (and were wholly owned by) the Crown, but in practice, reported to the Crown Agency Office in London, thus independent of the Colonial Office. This office became, in the late 19th century, the sole official British commercial and financial agent of all British protectorates and Cro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Services Agency
The Property Services Agency (PSA) was an agency of the United Kingdom government, in existence from 1972 to 1993. Its role was to “provide, manage, maintain, and furnish the property used by the government, including defence establishments, offices, courts, research laboratories, training centres and land”. Early history The PSA had its antecedents in the Ministry of Works and earlier departments dating back to the Office of Works. It was created as an autonomous agency in 1972 after the Ministry of Works had been absorbed into the Department of the Environment. First decade, 1972-1981 The agency had the job of providing, equipping and maintaining a wide range of buildings and installations for government departments, and the armed services, as well as other bodies. It held and managed much of the government's civil estate, including government offices and establishments all over the United Kingdom as well as the diplomatic estate abroad. It managed Ministry of Defence pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A company t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mersey Docks And Harbour Board
The Mersey Docks and Harbour Company (MDHC), formerly the Mersey Docks and Harbour Board (MDHB), owns and administers the dock facilities of the Port of Liverpool, on the River Mersey, England. These include the operation of the enclosed northern dock system that runs from Prince's Dock to Seaforth Dock, in the city of Liverpool and the dock facilities built around the Great Float of the Wirral Peninsula, located on the west side of the river. Peel Ports, the MDHC's parent company, owns other maritime facilities in the area, including the Cammell Laird shipyard, Tranmere Oil Terminal and the Manchester Ship Canal. History Liverpool Common Council's Dock Committee was the original port authority. In 1709, it had been authorised to construct Liverpool's first enclosed ship basin, the Old Dock, which was the world's first commercial wet dock. By 1750, the old Dock Committee was replaced by the Liverpool Dock Trustees. In order to provide stone for the construction of the expan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telegraph Media Group
Telegraph Media Group Limited (TMG; previously the Telegraph Group) is the proprietor of ''The Daily Telegraph'' and ''The Sunday Telegraph''. It is a subsidiary of Press Holdings. David and Frederick Barclay acquired the group on 30 July 2004, after months of intense bidding and lawsuits, from Hollinger Inc. of Toronto, Canada, the newspaper group controlled by the Canadian/American businessman Conrad Black. In 2015, TMG made an operating profit of £51 million. Profits before tax were £47m, and turnover for the 53 weeks up to 3 January 2016 was £319m, according to unaudited accounts leaked to ''The Guardian''. If these figures are accurate, then this was an increase from 2014 levels on both accounts. Telegraph Media Group operates as a multimedia news company. The holding publishes daily and weekly publications in printed and electronic versions, which provide news on politics, obituaries, sports, finance, lifestyle, travel, health, culture, technology, fashion and cars. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telegraph
Telegraphy is the long-distance transmission of messages where the sender uses symbolic codes, known to the recipient, rather than a physical exchange of an object bearing the message. Thus flag semaphore is a method of telegraphy, whereas pigeon post is not. Ancient signalling systems, although sometimes quite extensive and sophisticated as in China, were generally not capable of transmitting arbitrary text messages. Possible messages were fixed and predetermined and such systems are thus not true telegraphs. The earliest true telegraph put into widespread use was the optical telegraph of Claude Chappe, invented in the late 18th century. The system was used extensively in France, and European nations occupied by France, during the Napoleonic era. The electric telegraph started to replace the optical telegraph in the mid-19th century. It was first taken up in Britain in the form of the Cooke and Wheatstone telegraph, initially used mostly as an aid to railway signalling. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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