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 debt manager, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank.
Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualised and became Northern Rock bank in 1997, when it floated on the London Stock Exchange with the ticker symbol NRK.
The Transport Act 1947 was an Act of Parliament of the Parliament of the United Kingdom. Under the terms of the Act, the railway network, long-distance road haulage and various other types of transport were nationalised and came under the administration of the British Transport Commission. The BTC was responsible to the Ministry of Transport for general transport policy, which it exercised principally through financial control of a number of executives set up to manage specified sections of the industry under schemes of delegation.
The National Coal Board (NCB) was the statutory corporation created to run the nationalised coal mining industry in the United Kingdom. Set up under the Coal Industry Nationalisation Act 1946, it took over the United Kingdom's collieries on "vesting day", 1 January 1947. In 1987, the NCB was renamed the British Coal Corporation, and its assets were subsequently privatised.
State Bank of Hyderabad (SBH) was a regional bank India, with its headquarters at Gunfoundry, Abids, Hyderabad, Telangana. Founded by the 7th Nizam of Hyderabad State, Mir Osman Ali Khan, it is now one of the five associate banks of State Bank of India (SBI) and was one of the nationalised banks in India. It was established on 8 February 1941, as the Hyderabad State Bank. From 1956 until 31 March 2017, it had been the largest associate bank of the SBI. After formation of Telangana in 2014, SBH was the lead bank of the newly created state. The State Bank of Hyderabad was merged with State Bank of India on 1 April 2017.
The United Kingdom Central Electricity Board (CEB) was established by the Electricity (Supply) Act 1926. It had the duty to supply electricity to authorised electricity undertakers, to determine which power stations would be 'selected' stations to generate electricity for the board, to provide main transmission lines to interconnect selected stations and electricity undertakers, and to standardise generating frequency.
Clement Attlee was invited by King George VI to form the Attlee ministry in the United Kingdom in July 1945, succeeding Winston Churchill as Prime Minister of the United Kingdom. The Labour Party had won a landslide victory at the 1945 general election, and went on to enact policies of what became known as the post-war consensus, including the establishment of the welfare state and the nationalisation of 20 percent of the entire economy. The government's spell in office was marked by post-war austerity measures; the crushing of pro-independence and communist movements in Malaya; the grant of independence to India, Pakistan, Ceylon, and Burma; the engagement in the Cold War against Soviet Communism; and the creation of the country's National Health Service (NHS).
The London Passenger Transport Board was the organisation responsible for local public transport in London and its environs from 1933 to 1948. In common with all London transport authorities from 1933 to 2000, the public name and brand was London Transport.
The Banking Act 2008 is an Act of the Parliament of the United Kingdom that entered into force on the 21 February 2008 in order to enable the UK government to nationalise high-street banks under emergency circumstances by secondary legislation. The Act was introduced in order to nationalise the failing bank Northern Rock after the bank was supported by Bank of England credit and a private-sector solution was deemed "not to provide sufficient value for the taxpayer" by the UK government.
The Anglo Irish Bank Corporation Act 2009 is a piece of emergency legislation composed by the Irish government in January 2009. The Act provides for the emergency nationalisation of Anglo Irish Bank which had been subject to a controversy regarding hidden loans in December 2008. It was approved in the Dáil by a vote of 79 to 67, before passing in the Seanad without a vote on 20 January 2009. It was then signed by President Mary McAleese on 21 January 2009. The bank's shares had decreased dramatically on the stock exchange in previous days. At the time of its nationalisation, Anglo Irish Bank had 7,000 loan customers, of whom 5,000 were Irish.
The Banking Act 2009 is an act of the Parliament of the United Kingdom that entered into force in part on the 21 February 2009 in order, amongst other things, to replace the Banking Act 2008. The Act makes provision for the nationalisation of banks, amends the law on bank insolvency and administration, and makes provision about the Financial Services Compensation Scheme. It also makes provision about the regulation of inter-bank payment schemes, amends the law on the issue of banknotes by Scottish and Northern Irish banks, and makes other miscellaneous amendments to the law on banking.
The Coal Industry Nationalisation Act 1946 was an Act of the Parliament of the United Kingdom which nationalised, or brought into state control, the coal industry in the United Kingdom. It established the National Coal Board as the managing authority for coal mining and coal processing activities. It also initially provided for the establishment of consumers' councils. The Coal Industry Nationalisation Act 1946 was the first of a number of Acts promulgated by the post-war Labour government to nationalise elements of the UK's industrial infrastructure; other Acts include the Electricity Act 1947; the Transport Act 1947 ; the Gas Act 1948; and the Iron and Steel Act 1949.
Padiham Power Station was a coal-fired power station in Padiham, east Lancashire, England, which began operation in 1926 and generated power from 1927 until it was closed in 1993.
National Insurance Company Limited (NICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. It is headquartered at Kolkata and was established in 1906 by Gordhandas Dutia and Jeevan Das Dutia. National Insurance company and Asian Insurance company was nationalised in 1972. Its portfolio consists of a multitude of general insurance policies, offered to a wide arena of clients encompassing different sectors of the economy. Apart from being a leading insurance provider in India, NICL also serves in Nepal.
The currency of Indonesia, the rupiah, has a long history dating back to its colonial period. Due to periods of economic uncertainty and high inflation, the currency has been re-valued several times.
The XYZ Club was a club established in 1932 by Nicholas Davenport and H. V. Berry to provide financial intelligence to the British Labour Party. The secretary was Hugh Gaitskell. It was credited by Ben Pimlott with being partly responsible for the acceptance by the party of Keynesian economics. To spare embarrassment to its members who worked in the City of London, it met in secret at first, in a room above a pub.
The Iron and Steel Act 1949 was an act of the Parliament of the United Kingdom which nationalised, or bought into state control, elements of the iron and steel industry in Great Britain. It established an Iron and Steel Corporation which acquired certain iron and steel companies. In a departure from earlier nationalisations the Corporation only acquired the share capital of the companies, not the undertakings themselves. The individual companies continued to operate under management Boards appointed by the corporation. The Iron and Steel Act 1949 was one of a number of acts promulgated by the post-war Labour government to nationalise elements of the UK's industrial infrastructure; other acts include the Coal Industry Nationalisation Act 1946; the Electricity Act 1947; Transport Act 1947 ; and the Gas Act 1948.
Greenhill power station supplied electricity to the town of Oldham, England and the surrounding area from 1921 to 1960. It replaced the older Rhodes Bank generating station and was superseded by Chadderton B power station. Greenhill power station was owned and operated by Oldham Corporation until the nationalisation of the British electricity supply industry in 1948. The power station was built over the period 1921–24 and was decommissioned in 1960.
Burnley power station supplied electricity to the town of Burnley, Lancashire from 1893 to 1958. The electricity station was owned and operated by Burnley Corporation prior to the nationalisation of the British electricity industry in 1948. It was redeveloped as demand for electricity grew and old plant was replaced, and had an ultimate generating capacity of 8 MW in the 1920s. The station closed in 1958.
