Type | Private company |
---|---|
Industry | Banking |
Founded | 1836 |
Defunct | 1838 |
Headquarters | Douglas, Isle of Man |
Products | Private and business banking |
The Isle of Man and Liverpool Bank was a bank in the British Crown dependency of the Isle of Man, providing private and business banking services to the local population. [1] [2] The bank traded from 1836 until it was wound up in 1838. [1] [2]
The early history of banking on the Isle of Man is rife with incompetence and mismanagement. [1] [2] Whilst the earliest banks in England were an integral part of commerce as far back as the 12th century, banking was unknown on the Isle of Man until the beginning of the 19th century. [1] [2]
The earliest Manx bank, Quayle's Bank, began business in 1802 at Castletown. It was known as the Isle of Man Bank and carried on trading until 1818. [3]
A feature of Manx life at that time was a profusion of currency notes in circulation issued by tradesmen for small amounts. [4]
The Bankers' Notes Act 1817 was passed by Tynwald to control note issues. Five banking licences were issued under this law. [3] The archives deposited in the Rolls Office reveal that in 1817 five banks were authorised to transact banking business and issue notes in the island; among them were John and Alexander Spittall, Gawne and McWhannell, Forbes Bank, and the better known Holmes' Bank. [1] [2]
The Isle of Man and Liverpool Banking Company commenced business at Douglas in 1836. It was wound up in May 1838, "from want of sufficient capital to carry on business in both places." [1] [2] [5]
The Isle of Man and Liverpool Bank was succeeded by another company, the Isle of Man Commercial Bank, which in 1849 merged with the City of Glasgow Bank, carrying on its insular business as the Bank of Mona. [1] [2]
The Isle of Man, also known as Mann, is a self-governing British Crown dependency situated in the Irish Sea between Great Britain and Ireland. The head of state, Queen Elizabeth II, holds the title of Lord of Mann and is represented by a lieutenant governor. The United Kingdom is responsible for the isle's military defence.
The economy of the Isle of Man is a low-tax economy with insurance, online gambling operators and developers, information and communications technology (ICT), and offshore banking forming key sectors of the island's economy.
The Manx pound is the currency of the Isle of Man, in parity with the pound sterling. The Manx pound is divided into 100 pence. Notes and coins, denominated in pounds and pence, are issued by the Isle of Man Government.
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.
The first USS Gettysburg was a steamer in the Union Navy. The ship was built in Glasgow, Scotland in 1858, named Douglas, and operated for the Isle of Man Steam Packet Company between Liverpool, United Kingdom and Douglas on the Isle of Man until November 1862. She was then sold to the Confederacy, renamed Margaret and Jessie, and operated as a blockade runner until her capture by the Union on 5 November 1863. The ship was renamed Gettysburg, and commissioned into the Union Navy on 2 May 1864.
The Isle of Man Steam Packet Company Limited is the oldest continuously operating passenger shipping company in the world, celebrating its 190th anniversary in 2020.
John Allen Mylrea MHK, was a member of the House of Keys, Chairman of the Isle of Man Steam Packet Company and a director of Dumbell's Bank, who in the late 19th century played a prominent part in the arts and culture of the Isle of Man.
SS (RMS) Ellan Vannin was built as an iron paddle steamer in 1860 at Meadowside, Glasgow for the Isle of Man Steam Packet Company. She was originally named Mona's Isle - the second ship in the Company's history to be so named. She served for 23 years under that name before being rebuilt, re-engined and renamed in 1883. As Ellan Vannin she served for a further 26 years before being lost in a storm on 3 December 1909 in Liverpool Bay.
The Old House of Keys is the former meeting place of the House of Keys, the lower house of Tynwald, the Isle of Man's parliament. It is located across the street from Castle Rushen in Castletown, the former capital of the Isle of Man, in the south of the island. The building was used as the House of Keys from 1821 until 1874, when the parliament was moved to Douglas.
The Isle of Man Bank is a bank in the British Crown dependency of the Isle of Man, providing retail, private and business banking services to the local population. Incorporated in 1865, it has operated as a trading name of RBS International since 2019. It is licensed by the Isle of Man Financial Services Authority in respect of deposit taking and investment business and registered as a general insurance intermediary.
Francis Pigott Stainsby Conant was a British Whig politician who became the Lieutenant Governor of the Isle of Man from 22 October 1860 until his sudden death in 1863.
Douglas Harbour is located near Douglas Head at the southern end of Douglas, the capital of the Isle of Man. It is the island's main commercial shipping port. The Port of Douglas was the first in the world to be equipped with Radar.
SS (RMS) Mona's Isle (I) was the first vessel ordered for service with the Isle of Man Steam Packet Company when it began its operation in 1830. No Official number is recorded for the vessel, as formal registration was not introduced until the Merchant Shipping Act 1854.
William Gill was a Manx merchant navy officer who served as commanding officer of numerous Isle of Man Steam Packet Company vessels. Gill was the first recognised captain of the line, retiring with the rank of Commodore.
The Villa Marina is an entertainment venue in Douglas, Isle of Man which forms part of the wider Villa-Gaiety complex. It is located on Harris Promenade, looking out onto Douglas Bay, and comprises the Royal Hall, Broadway Cinema, Promenade Suite, Dragon's Castle and the Colonnade Gardens. The architect was Alban Jones, whose design was chosen in an open competition judged by Professor Adshead of Liverpool University.
The Isle of Man Mining Company, also referred to as the Foxdale Mining Company, was a mining company formed to operate the Foxdale Mines on the Isle of Man.
George William Dumbell QC was a British advocate, businessman and philanthropist who was invited to become a Member of the House of Keys serving two different terms He is also remembered on the Isle of Man as being involved in two banking ventures of questionable reputation; the Joint Stock Bank and Dumbell's Bank.
Dumbell's Bank was a bank in the Isle of Man. The bank's insolvency in 1900, known as Black Saturday and referred to in the Isle of Man as the Dumbell's Bank Crash, resulted in a run on the bank with many individuals losing their life savings and the ruin of numerous local businesses causing poverty, depression and bankruptcy. The effects were profound and lasted for a considerable number of years.
Holmes' Bank was a bank in the British Crown dependency of the Isle of Man, providing private and business banking services to the local population. Holmes' Bank crashed spectacularly in 1853 resulting in hardship, unemployment, bankruptcy and destitution for many of the inhabitants of the Island.
Forbes Bank was a bank in the British Crown dependency of the Isle of Man, providing private and business banking services to the local population. Forbes Bank crashed spectacularly in 1843 resulting in hardship, unemployment, bankruptcy and destitution for many of the inhabitants of the Island.