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William Thompson was Governor of the Bank of England from 1725 to 1727. He had been Deputy Governor from 1723 to 1725. He replaced Gilbert Heathcote as Governor and was succeeded by Humphry Morice. [1]
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 still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry.
Events from the year 1725 in Canada.
Admiral Thomas Graves, 1st Baron Graves, KB was a British officer of the Royal Navy and a colonial official. He served in the Seven Years' War and the American War of Independence. He was also the Commodore-Governor of Newfoundland for a period of time.
John Montagu, 2nd Duke of Montagu,, styled Viscount Monthermer until 1705 and Marquess of Monthermer between 1705 and 1709, was a British peer.
Sir Gilbert Heathcote, 1st Baronet, was a British merchant and Whig politician who sat in the English and British House of Commons between 1701 and 1733. He was a Governor of the Bank of England and was Lord Mayor of London in 1711.
The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming their successor. The governor of the Bank of England is also chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom.
General Richard Philipps was said to have been in the employ of William III as a young man and for his service gained the rank of captain in the British army. He served at the Battle of the Boyne in 1690 and promoted to Lieutenant Colonel in 1712.
Samuel Shute was an English military officer and royal governor of the provinces of Massachusetts and New Hampshire. After serving in the Nine Years' War and the War of the Spanish Succession, he was appointed by King George I as governor of Massachusetts and New Hampshire in 1716. His tenure was marked by virulent disagreements with the Massachusetts assembly on a variety of issues, and by poorly conducted diplomacy with respect to the Native American Wabanaki Confederacy of northern New England that led to Dummer's War (1722–1725).
Mark Joseph Carney is a Canadian economist and banker who served as the governor of the Bank of Canada from 2008 to 2013 and the governor of the Bank of England from 2013 to 2020. Since October 2020, he is vice chairman and head of Impact Investing at Brookfield Asset Management. He was the chair of the Financial Stability Board from 2011 to 2018. Prior to his governorships, Carney worked at Goldman Sachs as well as the Department of Finance Canada.
Andrew John Bailey is a British central banker who has been Governor of the Bank of England since 16 March 2020.
The Chief Cashier of the Bank of England is the person responsible for issuing banknotes at the Bank of England and is the director of the divisions which provide the Bank of England's banking infrastructure. This person is known to the general public because since 1870 the Chief Cashier's signature is printed on all bank notes issued by the Bank of England. In 2004 a new post was created, Executive Director of Banking & Chief Cashier, incorporating the title.
Events from the year 1723 in Canada.
Brigadier General Thomas Stanwix was a British Army officer and politician who sat in the House of Commons from 1702 to 1725. He served as Governor of Gibraltar.
Events from the year 1724 in Canada.
William Bateman, 1st Viscount Bateman KB, FRS, of Shobdon Court, Herefordshire was a British Whig politician who sat in the House of Commons between 1721 and 1734.
William Hussey was an English businessman and politician who sat in the House of Commons for 48 years from 1765 to 1813.
Humphry Morice was a British merchant, MP, Governor of the Bank of England who was involved in the Atlantic slave trade. He inherited his father's trading business around the age of eighteen, and learned finance and speculation from an uncle. Placed in Parliament through a cousin's interest in 1713, his Whig politics ultimately provoked a breach with his Tory cousin, and he had to be given another seat in 1722 by Robert Walpole's administration. He rose to be Deputy Governor and then Governor of the Bank of England in 1727, but unknown to his contemporaries, his fortune was largely fictitious and he was embezzling from the Bank and his daughters' trust fund. He died suddenly in 1731, perhaps having poisoned himself to forestall the discovery of his frauds, and left behind enormous debts.
Daniel Giles was a London merchant and banker, the son of Huguenot immigrant parents.
The Bank of England £50 note is a sterling banknote. It is the highest denomination of banknote currently issued for public circulation by the Bank of England. The current note, the first of this denomination to be printed in polymer, entered circulation on 23 June 2021. It bears the image of Queen Elizabeth II on the obverse and computer scientist and World War II codebreaker Alan Turing on the reverse, with his birth date reflecting the release date. Cotton £50 notes from the previous series remained in circulation alongside the new polymer notes until 30 September 2022, when the last 'paper' banknote issue finally ceased to be legal tender.
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