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London Tea Auction
The London Tea Auction was a candle auction of tea, that ran regularly for over 300 years from 1679 until its closure on 29 June 1998. The auction made London the centre for tea's international trade. The East India Company held the first auction in Leadenhall Street and then in 1834 - after the East India Company ceased to be a commercial enterprise - the auction was held on Mincing Lane Mincing Lane is a short one-way street in the City of London linking Fenchurch Street to Great Tower Street. In the late 19th century it was the world's leading centre for tea and spice trading. Etymology Its name is a corruption of Mynchen .... External links eBook: Denys Forrest, Tea for the British(London, 1973). * ttp://news.bbc.co.uk/2/hi/business/120842.stm Business: The Economy - Storm in a teacup London tea auction abandoned - The candle that was lit in 1750 will be extinguished in June 1998Britain's great tea ceremony ends after 300 yearsAudio: Tea Auction 1936'By the Candl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
English Auction
An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. * The auctioneer opens the auction by announcing a suggested opening bid, a starting price or reserve for the item on sale. * Then the auctioneer accepts increasingly higher bids from the floor and sometimes from other sources, for example online or telephone bids, consisting of buyers with an interest in the item. The auctioneer usually determines the minimum increment of bids, often making them larger as bidding reaches higher levels. * The highest bidder at any given moment is considered to have the standing bid, which can only be displaced by a higher bid from a competing buyer. * If no competing bidder challenges the standing bid within the time allowed by the auctioneer, the standing bid becomes the winner, and the item is sold to the highest bidder at a price equal to their bid. *If no bidder accepts the starting price, the auctioneer either begins to lower the starting price in increme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East India Company
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times. Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade duri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leadenhall Street
__NOTOC__ Leadenhall Street () is a street in the City of London. It is about and links Cornhill, London, Cornhill in the west to Aldgate in the east. It was formerly the start of the A11 road (England), A11 road from London to Norwich, but that route now starts further east at Aldgate. Leadenhall Street has always been a centre of commerce. It connected the medieval market of Leaden Hall with Aldgate, the eastern gate in the Roman city wall. The East India Company had its headquarters there, as later did the Peninsular and Oriental Steam Navigation Company (P&O). By the mid 20th century, grand stone-faced offices lined the street. Today it is closely associated with the insurance industry and particularly the Lloyd’s of London, Lloyd's insurance market, with its dramatic building in the adjacent Lime Street. It forms part of a cluster of tall buildings including the 48-storey 122 Leadenhall Street, “Cheesegrater” and the 38-storey The Scalpel, “Scalpel”. Other buildi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mincing Lane
Mincing Lane is a short one-way street in the City of London linking Fenchurch Street to Great Tower Street. In the late 19th century it was the world's leading centre for tea and spice trading. Etymology Its name is a corruption of Mynchen Lane — so-called from the tenements held there by the Benedictine 'mynchens' or nuns of the nearby St Helen's Bishopsgate church (from ''Minicen'', Anglo-Saxon for a nun; ''minchery'', a nunnery). ''A Dictionary of London'' by Henry A. Harben (1918) describes it as follows: Mincing Lane :North out of Great Tower Street to Fenchurch Street at No. 42 (P.O. Directory). In Tower and Langbourn Wards. :Earliest mention: "Menechinelane," 1273-4 (Ct. H.W. I. 17). :Other forms of name: "Mengenelane," 1290-1 (ib. 95). "Mangonelane," 1291 (ib. 96). "Monechenelane," 1291 (ib. 101). "Menchenelane," 1294-5 (ib. 119). "Manionelane," 1295 (ib. 121) and 1311 (Cal. L. Bk. D. p. 77). "Menchonelane," 1304 (Ct. H.W. I. 162). "Manchonlane," 1306-7 (ib. 184). " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1679 Establishments In England
Events January–June * January 24 – King Charles II of England dissolves the "Cavalier Parliament", after nearly 18 years. * February 3 – Moroccan troops from Fez are killed, along with their commander Moussa ben Ahmed ben Youssef, in a battle against rebels in the Jbel Saghro mountain range, but Moroccan Sultan Ismail Ibn Sharif is able to negotiate a ceasefire allowing his remaining troops safe passage back home. * February 5 – The Treaty of Celle is signed between France and Sweden on one side, and the Holy Roman Empire, at the town of Celle in Saxony (now in Germany). Sweden's sovereignty over Bremen-Verden is confirmed and Sweden cedes control of Thedinghausen and Dörverden to the Germans. * February 19 – Ajit Singh Rathore becomes the new Maharaja of the Jodhpur State a principality in India also known as Marwar, now located in Rajasthan state. * March 6 – In England, the "Habeas Corpus Parliament" (or "First Exclusion Parliament" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tea Auctions
Tea is an aromatic beverage prepared by pouring hot or boiling water over cured or fresh leaves of '' Camellia sinensis'', an evergreen shrub native to East Asia which probably originated in the borderlands of southwestern China and northern Myanmar. Tea is also rarely made from the leaves of ''Camellia taliensis''. After plain water, tea is the most widely consumed drink in the world. There are many different types of tea; some have a cooling, slightly bitter, and astringent flavour, while others have vastly different profiles that include sweet, nutty, floral, or grassy notes. Tea has a stimulating effect in humans primarily due to its caffeine content. An early credible record of tea drinking dates to the third century AD, in a medical text written by Chinese physician Hua Tuo. It was popularised as a recreational drink during the Chinese Tang dynasty, and tea drinking subsequently spread to other East Asian countries. Portuguese priests and merchants introduced it to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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