John Bradbury, 1st Baron Bradbury
John Swanwick Bradbury, 1st Baron Bradbury
Bradbury was born in Crook Lane,
He was appointed Companion of the
Lord Bradbury married Hilda Maude Kirby, daughter of William Arthur Kirby, in 1911. He died in May 1950, aged 77, and was succeeded in the barony by his eldest son John.
Treasury notes signed with Bradbury's name have been known as "Bradburys" (e.g., as early as 1906 in PG Wodehouse's Love Among the Chickens) or "Bradbury Pound".
The Bradbury pound was introduced in 1914 at the outbreak of the First World War. The Government at the time needed to preserve its stock of bullion so asked the Bank of England to cease paying out gold for its notes. Instead the Treasury printed and issued 10 shilling and £1 notes (so called Bradbury pounds). The gold standard was then partially restored in 1925 and the Bank of England was again obliged to exchange its notes for gold, but only in multiples of 400 ounces or more. Britain left the gold standard in 1931 and the note issue became entirely fiduciary, that is wholly backed by securities instead of gold.[1]
Arms
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Footnotes
- ^ "Inspirational Alumni Members". The King's School Chester. Archived from the original on 15 December 2011. Retrieved 2 December 2011.
- ^ "No. 31712". The London Gazette (Supplement). 30 December 1919. p. 3.
- ^ Burke's Peerage. 1999.
References
- Biography, Oxford Dictionary of National Biography
- Kidd, Charles, Williamson, David (editors). Debrett's Peerage and Baronetage (1990 edition). New York: St Martin's Press, 1990.
- Leigh Rayment's list of baronets