Archive for the ‘BANKS CROOKS IN SUITS’ Category

LIES CONCOCTED BY THE MEDIA MOGALS IS OUT OF CONTROL

Friday, February 17th, 2017

President Trump. Lies by media, is out of control.

 

 

The shocking truth is the Media are creating half- truths into sensational News Headlines. It is shocking that this rhetoric attack most of it lies “is being targeted at President Trump.

 

You may not like Mr Trump, but do you know him. I am speaking from my own observations, “what he has said” and done, firstly he is obviously an intelligent businessman. “You do not become a $billion corporation” being stupid.

 

This is President Trumps first week in Office, “he is a man of his word” like so many other successful businessmen.

 

He has carried out election promises, some within hours of becoming President of the USA. He was elected by the majority of the American people who wanted change from the corrupt power within that created wars debt and deliberate destruction of manufacturing output that put millions of Americans out of work.

 

His direct manner and style is not good news for the corrupt corporations controlling the mass media, they don’t like it, they want it has it was – Corruption Fraud and rewards for spewing out hype and lies, that do make good news headlines. Yes freedom of the Press is required. But not to tell lies.

 

This monstrous group of corrupt elite wealthy politicians bankers and corporations created immigration deliberately “meaning lower wages” or no job at all for millions of Americans. Millions lost their homes in foreclosure fraud, banks stole customers money or confiscated it, while the administration gave $trillions to banks when their greed caused the collapse of banking as we know it.

 

This same mess was replicated in Britain and in Europe where millions of ordinary people are paying huge increases in taxes to pay for the corrupt elites greed, like Wall street and its Banker Brethren and most of the crooks in suits who’s need is greed.

 

President Trump is a guy that says what most folk know is true but are afraid to say. The media on the other hand spew out lies; they fabricate News Headline’s and avoid the truth about immigration.

 

Ordinary people know the facts they live with them every day. And are paying to heavily a price for American and European Union corruption, do the Media report it, NO they are silent, just like they are on immigration. What has happened to the millions of immigrants that flooded into European countries? The Media are silent about this as well.

 

America now is a repeat of what’s happened in Britain, the media just made up any crap to avoid the British people wanting to leave the European Union that destroyed manufacturing then taxed populations into poverty. Then created austerity to starve creativity. Then enforced mass immigration to lower wages.

 

While the EU forced through even more taxes on food medicines fuel and thousands of other new money making schemes, “that have caused hardship on a scale never seen before” in most countries of Western Europe.

 

Now you need to ask yourself, do you trust the “Media, Banks, Insurers, Wall street and its Corporations, or Politicians. “You know the crooks in suits in Government.

 

Or do you believe Trump “ he did what he said he would do”?

 

Can you say the same or trust the Media, They seem to have forgot the Twin Towers and 9/11, Death of Princess Diana, Paris attack, London Bombings, Tony Blair his illegal oil war in Iraq, or the fact that 95% of all suicide bombing attacks worldwide are carried out by Muslims.   And now the Media is pushing Tony Blair onto every media channel in a vain attempt to stop the British people leaving the European Union and its ECB bank for Bankers (gangsters is a better word)

 

Itsfraud 17/02/17

 

 

This is not about need it’s about greed by banks.

Thursday, September 29th, 2016

Wells Fargo Fraud,

Then CEO dumps its stock, after illegal sales practices going back to 2007 are exposed and admitted before Congress for the second time.

It was a massive fraud on a scale unprecedented resembling a pyramid scheme where bank employees opened accounts without the knowledge of its customers. It was a scheme known to the CEO where Wells Fargo employees stole its customers money deposits without their knowledge.

This corrupt selling mania by Banks opening 2 million accounts phony accounts is the tip of what is fraud, fraud on a scale that makes 2008 crash a minor violation.

This is alarming fraud by the to big to fail banks, who are to big to control and to big to jail. Bank chairman and CEO Stumpf of Wells Fargo was penalized every year since 2007 and fined every year since for fraudulent acts. Congressmen laid into the CEO over this leaving him stuttering as he admitted bank employees stole from its customers. Then afterwards send in collection agencies to collect fees the bank charged fraudulently for what is effectively identity theft.

Republican Congressman said: your problems are coming when prosecutors get hold of you. This is a course of actions which you were aware of for over five years, 550,000 credit cards were opened in the name of your customers, this racketeering was all done with your knowledge and is time to break up the Banks.

It is clear this level of fraud is perpetrated by some of the largest banks in the world. Where CEO and Chairmen cannot see fraud or be aware of $10.8 Billion in fines. This is not about need it is about greed a cross selling fraud and business as usual for Wells Fargo Bank.

This leaves now only one option open to authority.

Break up the banks, the Italian banks will break up the European Union so will the German banks along with most western EU countries anti austerity groups.

Helicopter Money = More Bank Bailouts,

Wednesday, August 10th, 2016

Just how much more money is going to the banks financial elite from taxpayers without political and taxpayer unrest.

Bank of England policy is clearly to ruin public finances and small business.

More bank bailouts, cuts, further austerity and devaluation of the pound will have no effect but destroy Britains economy, just as it has in Europe;

Meanwhile banks withold the truth about how more £trillions are needed from taxpayers as well as helicopter money from central banks.

This seems strange because policy makers including the ECB IMF and EU are complicit in this together stealing from pensioners purses, to feed the financial elite parasites, who pay no tax;

This is a deliberate plan to keep interest rate low to loot depositers money from their bank accounts.

Do the BOE think people will stand for this without revolt or a challenge to the legality of Central bank power.

The public are not going to wait for article 50 to start the 2 year exit process from the EU. Its likely politicians will be taken of guard with this, as well as the pending child abuse!!!    Not forgotten.

EU REFERENDUM WARNING

Wednesday, April 27th, 2016

EU REFERENDUM WARNING.

READ THIS DOCUMENT BEFORE VOTING

* THIS IS YOUR EUROPEAN UNION *

______________________________________

PROTOCOL ON THE PRIVILEGES AND IMMUNITIES OF THE EUROPEAN COMMUNITIES

OF 8 APRIL 1965 *

THE HIGH CONTRACTING PARTIES,

CONSIDERING that, in accordance with Article 28 of the Treaty establishing a Single Council and a Single Commission of the European Communities, these Communities and the European Investment Bank shall enjoy in the territories of the Member States such privileges and immunities as are necessary for the performance of their tasks,

HAVE AGREED upon the following provisions, which shall be annexed to this Treaty.

CHAPTER I

PROPERTY, FUNDS, ASSETS AND OPERATIONS OF THE EUROPEAN COMMUNITIES

Article 1

The premises and buildings of the Communities shall be inviolable. They shall be exempt from search, requisition, confiscation or expropriation. The property and assets of the Communities shall not be the subject of any administrative or legal measure of constraint without the authorization of the Court of Justice.

Article 2

The archives of the Communities shall be inviolable.

Article 3

The Communities, their assets, revenues and other property shall be exempt from all direct taxes.

The governments of the Member States shall, wherever possible, take the appropriate measures to remit or refund the amount of indirect taxes or sales taxes included in the price of movable or immovable property, where the Communities make, for their official use, substantial purchases the price of which includes taxes of this kind. These provisions shall not be applied, however, so as to have the effect of distorting competition within the Communities.

No exemption shall be granted in respect of taxes and dues which amount merely to charges for public utility services.

Article 4

The Communities shall be exempt from all customs duties, prohibitions and restrictions on imports and exports in respect of articles intended for their official use: articles so imported shall not be disposed of, whether or not in return for payment, in the territory of the country into which they have been imported, except under conditions approved by the government of that country.

The Communities shall also be exempt from any customs duties and any prohibitions and restrictions on import and exports in respect of their publications.

Article 5

The European Coal and Steel Community may hold currency of any kind and operate accounts in any currency.

CHAPTER II

COMMUNICATIONS AND LAISSEZ-PASSER

Article 6

For their official communications and the transmission of all their documents, the institutions of the Communities shall enjoy in the territory of each Member State the treatment accorded by that State to diplomatic missions.

Official correspondence and other official communications of the institutions of the Communities shall not be subject to

censorship.

_______________

* OJ L 152, 13.7.67, p. 13, as amended by the Treaty of Amsterdam and the Treaty of Nice – unofficial consolidated version.

Article 7

  1. Laissez-passer in a form to be prescribed by the Council, which shall be recognized as valid travel documents by the authorities of the Member States, may be issued to members and servants of the institutions of the Communities by the Presidents of these institutions. These laissez-passer shall be issued to officials and other servants under conditions laid down in the Staff Regulations of officials and the Conditions of Employment of other servants of the Communities.

The Commission may conclude agreements for these laissez-passer to be recognized as valid travel documents within the territory of third countries.

  1. The provisions of Article 6 of the Protocol on the privileges and immunities of the European Coal and Steel Community shall, however, remain applicable to members and servants of the institutions who are at the date of entry into force of this Treaty in possession of the laissez-passer provided for in that Article, until the provisions of paragraph 1 of this Article are applied.

CHAPTER III

MEMBERS OF THE EUROPEAN PARLIAMENT

Article 8

No administrative or other restriction shall be imposed on the free movement of Members of the European Parliament travelling to or from the place of meeting of the European Parliament.

Members of the European Parliament shall, in respect of customs and exchange control, be accorded:

(a) by their own government, the same facilities as those accorded to senior officials travelling abroad on temporary official missions;

(b) by the government of other Member States, the same facilities as those accorded to representatives of foreign governments on temporary official missions.

Article 9

Members of the European Parliament shall not be subject to any form of inquiry, detention or legal proceedings in respect of opinions expressed or votes cast by them in the performance of their duties.

Article 10

During the sessions of the European Parliament, its Members shall enjoy:

(a) in the territory of their own State, the immunities accorded to members of their parliament;

(b) in the territory of any other Member State, immunity from any measure of detention and from legal proceedings.

Immunity shall likewise apply to Members while they are travelling to and from the place of meeting of the European Parliament.

Immunity cannot be claimed when a Member is found in the act of committing an offence and shall not prevent the European Parliament from exercising its right to waive the immunity of one of its Members.

CHAPTER IV

REPRESENTATIVES OF MEMBER STATES TAKING PART IN THE WORK

OF THE INSTITUTIONS OF THE EUROPEAN COMMUNITIES

Article 11

Representatives of Member States taking part in the work of the institutions of the Communities, their advisers and technical experts shall, in the performance of their duties and during their travel to and from the place of meeting, enjoy the customary privileges, immunities and facilities.

This Article shall also apply to members of the advisory bodies of the Communities.

CHAPTER V

OFFICIALS AND OTHER SERVANTS OF THE EUROPEAN COMMUNITIES

Article 12

In the territory of each Member State and whatever their nationality, officials and other servants of the Communities shall:

(a) subject to the provisions of the Treaties relating, on the one hand, to the rules on the liability of officials and other servants towards the Communities and, on the other hand, to the jurisdiction of the Court in disputes between the Communities and their officials and other servants, be immune from legal proceedings in respect of acts performed by them in their official capacity, including their words spoken or written. They shall continue to enjoy this immunity after they have ceased to hold office;

(b) together with their spouses and dependent members of their families, not be subject to immigration restrictions or to formalities for the registration of aliens;

(c) in respect of currency or exchange regulations, be accorded the same facilities as are customarily accorded to officials of international organizations;

(d) enjoy the right to import free of duty their furniture and effects at the time of first taking up their post in the country concerned, and the right to re-export free of duty their furniture and effects, on termination of their duties in that country, subject in either case to the conditions considered to be necessary by the government of the country in which this right is exercised;

(e) have the right to import free of duty a motor car for their personal use, acquired either in the country of their last residence or in the country of which they are nationals on the terms ruling in the home market in that country, and to re-export it free of duty, subject in either case to the conditions considered to be necessary by the government of the country concerned.

Article 13

Officials and other servants of the Communities shall be liable to a tax for the benefit of the Communities on salaries, wages and emoluments paid to them by the Communities, in accordance with the conditions and procedure laid down by the Council, acting on a proposal from the Commission.

They shall be exempt from national taxes on salaries, wages and emoluments paid by the Communities.

Article 14

In the application of income tax, wealth tax and death duties and in the application of conventions on the avoidance of double taxation concluded between Member States of the Communities, officials and other servants of the Communities who, solely by reason of the performance of their duties in the service of the Communities, establish their residence in the territory of a Member State other than their country of domicile for tax purposes at the time of entering the service of the Communities, shall be considered, both in the country of their actual residence and in the country of domicile for tax purposes, as having maintained their domicile in the latter country provided that it is a member of the Communities. This provision shall also apply to a spouse, to the extent that the latter is not separately engaged in a gainful occupation, and to children dependent on and in the care of the persons referred to in this Article.

Movable property belonging to persons referred to in the preceding paragraph and situated in the territory of the country where they are staying shall be exempt from death duties in that country; such property shall, for the assessment of such duty, be considered as being in the country of domicile for tax purposes, subject to the rights of third countries and to the possible application of provisions of international conventions on double taxation.

Any domicile acquired solely by reason of the performance of duties in the service of other international organizations shall not be taken into consideration in applying the provisions of this Article.

Article 15

The Council shall, acting unanimously on a proposal from the Commission, lay down the scheme of social security benefits for officials and other servants of the Communities.

Article 16

The Council shall, acting on a proposal from the Commission and after consulting the other institutions concerned, determine the categories of officials and other servants of the Communities to whom the provisions of Article 12, the second paragraph of Article 13, and Article 14 shall apply, in whole or in part.

The names, grades and addresses of officials and other servants included in such categories shall be communicated periodically to the governments of the Member States.

CHAPTER VI

PRIVILEGES AND IMMUNITIES OF MISSIONS OF THIRD COUNTRIES ACCREDITED

TO THE EUROPEAN COMMUNITIES

Article 17

The Member State in whose territory the Communities have their seat shall accord the customary diplomatic immunities and privileges to missions of third countries accredited to the Communities.

CHAPTER VII

GENERAL PROVISIONS

Article 18

Privileges, immunities and facilities shall be accorded to officials and other servants of the Communities solely in the interests of the Communities.

Each institution of the Communities shall be required to waive the immunity accorded to an official or other servant wherever that institution considers that the waiver of such immunity is not contrary to the interests of the Communities.

Article 19

The institutions of the Communities shall, for the purpose of applying this Protocol, cooperate with the responsible authorities of the Member States concerned.

Article 20

Articles 12 to 15 and Article 18 shall apply to Members of the Commission.

Article 21

Articles 12 to 15 and Article 18 shall apply to the Judges, the Advocates-General, the Registrar and the Assistant Rapporteurs of the Court of Justice and to the Members and Registrar of the Court of First Instance, without prejudice to the provisions of Article 3 of the Protocol on the Statute of the Court of Justice relating to immunity from legal proceedings of Judges and Advocates-General.

Article 22

This Protocol shall also apply to the European Investment Bank, to the members of its organs, to its staff and to the

representatives of the Member States taking part in its activities, without prejudice to the provisions of the Protocol on the Statute of the Bank.

The European Investment Bank shall in addition be exempt from any form of taxation or imposition of a like nature on the occasion of any increase in its capital and from the various formalities which may be connected therewith in the State where the Bank has its seat. Similarly, its dissolution or liquidation shall not give rise to any imposition. Finally, the activities of the Bank and of its organs carried on in accordance with its Statute shall not be subject to any turnover tax.

Article 23

This Protocol shall also apply to the European Central Bank, to the members of its organs and to its staff, without prejudice to the provisions of the Protocol on the Statute of the European System of Central Banks and the European Central Bank.

The European Central Bank shall, in addition, be exempt from any form of taxation or imposition of a like nature on the occasion of any increase in its capital and from the various formalities which may be connected therewith in the State where the bank has its seat. The activities of the Bank and of its organs carried on in accordance with the Statute of the European System of Central Banks and of the European Central Bank shall not be subject to any turnover tax.

1 As amended by Article 6 of the Treaty of Nice.

2 Article added by Article 9(5) of the Treaty of Amsterdam.

The above provisions shall also apply to the European Monetary Institute. Its dissolution or liquidation shall not give rise to any imposition.

IN WITNESS WHEREOF, the undersigned Plenipotentiaries have signed this Protocol.

Done at Brussels this eighth day of April in the year one thousand nine hundred and sixty-five.

Paul Henri SPAAK

Kurt SCHMÜCKER

Maurice COUVE DE MURVILLE

Amintore FANFANI

Pierre WERNER

J. M. A. H. LUNS

__________________________________________________________

*** This is your European Union.***

Just another bunch of Banks, and Bankers immune from any

prosecution, liquidation, bancruptcy, etc. And completely

unnacountable to anyone ??????? THIS MEANS YOU .

Now you can make up your own mind when you vote in the

Referendum – while listening to self interest groups like  —

Government,Corporate, Large Business and Financial institutions.

UPDATE:

10.3.2001 Official Journal of the European Communities C 80/67

C. PROTOCOLS ANNEXED TO THE TREATY ESTABLISHING THE EUROPEAN

COMMUNITY

Protocol on the financial consequences of the expiry of the ECSC Treaty and

on the research fund for coal and steel

THE HIGH CONTRACTING PARTIES,

DESIRING to settle certain questions relating to the expiry of the Treaty establishing the European Coal and Steel Community (ECSC);

TAKING ACCOUNT of the desire to use these funds for research in sectors related to the coal and steel industry and therefore the necessity to provide for certain special rules in this regard;

HAVE AGREED UPON the following provisions, which shall be annexed to the Treaty establishing the European Community:

Article 1

  1. All assets and liabilities of the ECSC, as they exist on 23 July 2002, shall be transferred to the European Community on 24 July 2002.

  • The net worth of these assets and liabilities, as they appear in the balance sheet of the ECSC of 23 July 2002, subject to any increase or decrease which may occur as a result of the liquidation operations, shall be considered as assets intended for research in the sectors related to the coal and steel industry, referred to as the “ECSC in liquidation’.

  • On completion of the liquidation they shall be referred to as the “Assets of the Research Fund for Coal and Steel’.

UPDATE: any BREXIT doubts? ,

  1. Google this Question———- Are there any European laws that protect its citizens. Or name 10 laws or directives that protect its citizens.

  2. Try whatever combination of search words for any law that directly protects its citizens from illegal action by Companies or any huge corporation.

  3. Everything read so far: has the words, (MAY) or (Could). None of the laws say (YOU) (ARE)   protected by the Law —————————–.

  4. Possibly maybe or sometimes you could be, BUT ARE YOU ?

Old guys like me have seen it all before, check out the true facts yourself.

This government is waging a war of fear. It is Brain washing and treating the *voting public as idiots who can be indoctrinated by television news.*

The shocking level of wealthy individuals corporations, celebrities, banks, financial institutions like the, IMF, UN, ECB, BOE, promoting the remain in EU camp is nothing better than just untruths. All of the above are just looking after themselves at our expence.

All governments are run by liars and nothing they say should ever be believed.

(If we don’t know what the EU really does, then why should we trust them.)

We don’t really know what powers the EU has over us, or are claiming for themselves.

Why! because its all done in secret.

And you, fellow citizen never get to vote full stop.

Now is your only chance to stop the mass immigration and the destruction of Britain.

WHO  (world health organization ) said hundreds of thousands of patients have multi drug resistant tuberculosis. It is a huge killer claiming over 1 million 500 thousand lives in 2014 alone.

The EU is allowing millions of Muslim migrants into the EU without any health checks.

We are justified in complaining, that we cannot take these people in. We have no room for them and our schools, hospitals and services are being overwhelmed and destroyed.

British citizens have tolerated enough.

Now we will have a say.

Itsfraud.com

So who was telling the truth? Are PM Cameron’s In EU camp lies?

Saturday, April 16th, 2016

27 Nov 2013 : Column 77WH

Westminster Hall

Wednesday 27 November 2013

[Mr Clive Betts in the Chair]

Bradford & Bingley plc

Motion made, and Question proposed, That the sitting be now adjourned.—(John Penrose.)

9.30 am

Philip Davies (Shipley) (Con): It is a pleasure to serve under your chairmanship, Mr Betts. I hope you will convey my thanks to Mr Speaker for granting this debate.

As the Member of Parliament for the Shipley constituency, which includes the towns of Bingley and Crossflatts, where Bradford & Bingley was based, I have asked for this debate on behalf of the nearly 1 million Bradford & Bingley shareholders and bondholders who still do not know how or why their company was expropriated in a way that destroyed it as an ongoing business, unlike what happened to banks such as the Royal Bank of Scotland and Halifax Bank of Scotland, which had far weaker balance sheets.

I have also called the debate on behalf of the employees of Bradford & Bingley, many of whom had worked there for many years and were also shareholders. This debate is also important for the local community in Bingley and across the Bradford district, which has lost a highly valued brand from the high street. Bradford & Bingley had been in existence since 1851.

I thank many hon. Members for their support, both those here today and the many unable to attend. I particularly thank my right hon. Friend the Member for Mid Sussex (Nicholas Soames), who has been extremely helpful and supportive. He is a champion of the many shareholders in his constituency who lost out when Bradford & Bingley was nationalised in the way it was.

On Friday 26 September 2008, in the foyer of the Oval Office of the White House, the then Prime Minister, the right hon. Member for Kirkcaldy and Cowdenbeath (Mr Brown), made the decision to nationalise Bradford & Bingley during a telephone conversation with his Chancellor, the right hon. Member for Edinburgh South West (Mr Darling), who was in the UK. That decision was extremely disappointing for the shareholders, many of whom remain outraged by what they consider to be legalised theft. Indeed, it is a shame that neither right hon. Gentleman is here today to explain the part they played in the scandal.

Days after the telephone call, the Cabinet Office stated in response to a freedom of information request from a shareholder, Mr Jonathan Bloch, that it had no files whatever. David Blundell, the chairman of the Bradford & Bingley shareholder action group, whose main objective throughout has been to secure the truth on the nationalisation—he is also a director of the UK Individual Shareholders Society, a voluntary organisation whose main objective is to protect the rights of private investors—said to me at the time that he had difficulty believing that the Cabinet Office statement was true, and so it has proved.

27 Nov 2013 : Column 78WH

After further freedom of information requests, the Cabinet Office finally admitted in 2011 that it did possess the relevant records, but it refused to release them on the grounds of public interest. The Cabinet Office also refused on the grounds of public interest to state whether the nationalisation decision had secured Cabinet approval. I put on the record my admiration for David Blundell’s tireless work on behalf of the Bradford & Bingley shareholder action group and his determination to get to the bottom of the events surrounding the nationalisation.

Alec Shelbrooke (Elmet and Rothwell) (Con): I put on the record my thanks to my constituent, David Blundell. He is fighting for the small person who invested their life savings in those shares and is now faced with nothing because of the decisions made at national level by the then Government. They have had no answers.

Philip Davies: My hon. Friend is absolutely right, and I know that he has been particularly helpful to the Bradford & Bingley shareholder action group. I thank him for all the help and support he has given to the many shareholders.

Surely the public interest demands full disclosure of the facts to secure the truth. How can the refusal even to release whether the nationalisation of Bradford & Bingley was ratified by the Cabinet ever be in the public interest in a democracy? Surely voters are entitled to know, let alone shareholders, bondholders and employees.

How do we know that the Cabinet Office’s original statement was untrue? I am probably one of the few people—I am sure you are another, Mr Betts—who has read the relevant part of “Beyond the Crash” by the right hon. Member for Kirkcaldy and Cowdenbeath, in which he admitted his part in the sorry mess. The shareholders would otherwise still be in total ignorance of the nationalisation process.

Annette Brooke (Mid Dorset and North Poole) (LD): I congratulate my hon. Friend on securing this debate. I have had a vast amount of correspondence from just one constituent. I concur with him that the situation is bad enough, but the lack of openness for savers and investors means that they remain frustrated. It is vital that we make the information public.

Philip Davies: I am grateful for the hon. Lady’s support. I am sure her constituent, who is a shareholder who lost everything, is also grateful for her support. Her point on the lack of transparency is absolutely right.

The full picture of how the banking crisis developed probably goes back to 2003-04, when there were small changes in accounting standards, but the main catalyst was the introduction of the international financial reporting standards, including international accounting standard 39, by the then Government in 2005. IAS 39 proved to be a catastrophically defective standard that may even contravene UK law.

The Local Authority Pension Fund Forum, the universities superannuation scheme, Threadneedle Asset Management and other investor groups sought the opinion of leading counsel George Bompas QC. His opinion suggests that company directors must override the international reporting standards to comply with company law and may need to ignore the advice obtained

27 Nov 2013 : Column 79WH

by the Financial Reporting Council. The opinion also states that the defective financial outcomes of the standards, which are still in place, should be overridden by invoking the true and fair view requirement of the law. Those problems remain, as highlighted by the failure of the Co-operative bank and Britannia building society, both of which were audited by KPMG.

The concerns on accounting standards are widely held. In November 2012, the then Governor of the Bank of England, Sir Mervyn King—now Lord King—argued for a £35 billion capital raising by British banks. He is on record as saying:

Bank accounts are dishonest because Britain’s accounting rules are faulty. Reckless lending, inflated profits, irresponsible bonuses have all been possible, not just because of greedy bankers, but because of the rules themselves—and a failure of regulators and politicians to recognise the problems.”

The banks used IFRS and IAS 39 from 2005 onwards, and it appears that the then Government were content to receive corporation tax from the inflated profits rather than exercise a duty of care towards savers and investors. People have blamed the lack of regulation for the excesses of the banks, which led to their demise. That is too simplistic. It was not the lack of regulation—banks had mountains of regulations to meet—but the lack of regulation on important things that was the problem.

I will now address the sequence of events prior to the nationalisation. The Bradford & Bingley 2007 accounts were published in April 2008. The auditors passed Bradford & Bingley as a going concern and a dividend was paid. In August 2008, a rights issue was completed at a price of 55p less than eight weeks before the nationalisation. The auditors KPMG completed extensive audit work on the rights issue, and the interim results announced on 29 August 2008 supported a solvent, well capitalised bank. With net assets of £1 a share and a tier 1 capital ratio of 9.1%, shareholders were entitled to believe that Bradford & Bingley was a going concern when the reality was that it was “going, going, gone” just one month later.

Within days of the nationalisation, the Government provided more than £60 billion of support to the two Scottish banks. Bradford & Bingley had a far stronger balance sheet than those banks, as shown in the banking crisis post mortem published by the Local Authority Pension Fund Forum. Furthermore, the public statements of the board emphasised the balance sheet strength of Bradford & Bingley on 29 August and 25 September 2008, a day before the nationalisation decision. That strength was again confirmed by Messrs Kent and Pym, the chairman and chief executive respectively, at a Treasury Committee hearing on 18 November 2008. Their statements conflict directly with the justification of the nationalisation decision by both the Government and the tripartite regulatory authorities. So who was telling the truth?

In the week after the nationalisation, the savings book and retail branch network were sold—arguably at a fire-sale price—destroying the company as an ongoing business. What shareholders, bondholders, employees and my local community want to know is why Bradford & Bingley was singled out in that way, in stark contrast to the treatment of other banks.

27 Nov 2013 : Column 80WH

Every other bank bailed out at the time is still a going concern—even Northern Rock. Shareholders in some of the bigger banks at the time, such as HBOS, still have shares that have value. Why was Bradford & Bingley, uniquely, closed down, especially given that its financial situation was certainly no worse—indeed, all the evidence suggests it was better—than that of the others? Does the Minister not believe that people are entitled to know the answer to that simple question?

Whereas other banks were considered too big to fail, was Bradford & Bingley seen as too small to save? With constant speculation in the media at the time, was it felt that, if Bradford & Bingley was taken out, the speculation about the health of the banking sector would subside? Whatever the reason, and however little we like it, I hope the Minister agrees that we are entitled to know it.

The Treasury appointed Peter Clokey of PricewaterhouseCoopers as independent valuer for the purposes established under the Bradford & Bingley plc Compensation Scheme Order 2008. His nil valuation was published in July 2010, two months after the general election. Like the shareholder action group, I believe that his terms of reference were far too narrow and that the Labour Government concealed the fact that the bank had received funding support before the nationalisation, pretending for many months that the valuation would be fair and independent, when they knew it would not be, because the in-administration approach of the order ensured a nil valuation and prejudiced legal claims and submissions to the independent valuer and the upper tribunal review body.

Many shareholders—the former owners of the company —believe the valuation exercise was a cynical attempt to dampen media, press and public interest, thus kicking the matter into the long grass. I know that David Blundell has a high regard for Peter Clokey and his colleague James Worsnip. He respects their integrity and appreciates the assistance they provided, within the limits of their remit. In his view, their behaviour may be compared favourably with that of certain Ministers, the Treasury, the Financial Conduct Authority and the Cabinet Office. I met Peter Clokey at the time, and I felt he was sympathetic to the plight of shareholders, but the terms of reference the Labour Government gave him left him no alternative but to give a nil valuation.

The Government’s position on the valuation was that Bank of England support through the special liquidity scheme was not ordinary market assistance, despite more than 30 banks having, and some continuing to have, the use of that facility. That interpretation was a key factor in the nil valuation. However, the European Commissioner’s statement giving clearance to state aid following a request from the UK Government in the early part of the financial crisis in banking markets included the following:

“The UK authorities accept that the recapitalisation scheme and guarantee scheme contain State aid elements. In their view the extension of the SLS”—

the special liquidity scheme—

“is part of the essential role of the Bank of England and therefore not a state aid. In the event that the Commission concludes that the Liquidity Measures do contain aid elements, the UK Government submits that they form part of a wider package to remedy a serious disturbance in the economy of the United Kingdom which is compatible with the common market.”

27 Nov 2013 : Column 81WH

Therefore, the UK Government argued to the EU that the special liquidity scheme was part of the normal workings of the Bank of England, but they specified the exact opposite in respect of the Bradford & Bingley valuation. Is that a further example of the double standards that have applied in this nationalisation process?

Since the 2008 nationalisation, there have been hundreds of freedom of information requests to Ministers, the Cabinet Office, the Treasury, the FCA, the Department for Business, Innovation and Skills and the Bank of England, but the shareholders still do not know how and why their company was expropriated. The treatment to which they have been subjected has been at best incompetent and at worst mendacious.

Leaving aside the Cabinet Office’s original untrue statement, the shareholders have been subjected to refusals on the grounds of cost and public interest, which, combined with further untrue statements and failures to reply to requests, have made a mockery of the Freedom of Information Act. The action group has made requests to the Cabinet Office and the Treasury for internal reviews in respect of their failure to provide the information requested, and it has appealed to the Information Commissioner’s Office in respect of the FCA’s failure to provide the records we all know it had.

The latter point is of particular interest, as David Blundell has a DVD recording of a telephone conversation in which a Financial Services Authority officer reassures a shareholder of the company’s financial strength just six days before the nationalisation. To date, the FCA has denied knowledge of any such records, which is rather incredible, as the DVD was sent to the shareholder by the FCA.

There is also strong evidence of a substantial level of communication between John Kingman at the Treasury and Robert Peston of the BBC, whose coverage of Bradford & Bingley caused a run on the shares and deposits. The Treasury stated it did not have such information and that Mr Kingman’s records had been cleared. In the interests of balance, I should make it clear that Mr Kingman denies being responsible for leaking any information to Robert Peston, although, as Mandy Rice-Davies said, “He would, wouldn’t he?”

Mr Kingman believes that the sole reason for the allegation is that he worked with Robert Peston at the Financial Times in the 1990s. An FOI request to the BBC was refused on the grounds that Mr Peston’s records were for journalistic purposes. The fact of the matter remains that someone at the Treasury leaked the situation to Robert Peston and to the Telegraph, precipitating a run on the bank from which it did not recover. The suspicion is that that was done deliberately to clear Bradford & Bingley from the decks so that the Treasury could focus on saving the bigger banks.

Recent letters to the then Chancellor, the then Prime Minister and the current Prime Minister have asked whether the decision to nationalise was correct and consistent with the treatment of other financial institutions at the time. The right hon. Member for Edinburgh South West suggested writing to a local MP—a particularly inadequate reply, as he was party to the nationalisation decision. The current Prime Minister passed the request to the Treasury, which responded with the usual stale excuses, similar to those of the past five years. The previous Prime Minister, the right hon. Member for

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Kirkcaldy and Cowdenbeath, has not replied at all. It would appear that the spirit of Sir Humphrey is alive and well in Whitehall and Westminster.

Three key questions remain unanswered. First, what was the exact reason for the expropriation of the company? Secondly, should the rights issue have been permitted to proceed, and were shareholders wrongly induced to subscribe to it? Indeed, many employees paid their hard-earned money into the rights issue to prop up their company. Many of them lost not only their jobs, but their savings. The Government of the time were encouraging other financial institutions to support the rights issue, only to ensure that they then lost everything as a result of the way the banks were nationalised and a nil valuation was guaranteed. No wonder people do not like dealing with Governments. Thirdly, were the comments from the directors, the investor relations department and the FSA concerning the strength of the company only days before nationalisation true?

The shareholders of Bradford & Bingley believe the nationalisation of their company was a flawed decision made in haste and inconsistent with the treatment of other banks. When the Government confiscate the property of their citizens without reason, explanation or compensation, particularly when they may be seen as at fault in their duty of care to savers and investors for not adequately regulating the companies involved in the banking crisis, all concepts of democracy and equity are laid aside. I submit that that has damaged the Government’s reputation.

I would like the Minister to tell us what the future holds for UK Asset Resolution and the staff at the headquarters in Crossflatts, in my constituency. The mortgage book is being gradually wound down, but what happens then? Many people still rely on UKAR for their jobs, and there is vast experience and expertise there that should not be lost to the banking sector. The Government state they wish to see more competition among the banks, so will the Minister commit to look at whether a new bank—a modern-day Bradford & Bingley—could be born from UKAR and be seen on high streets, bringing much-needed competition to the banking sector and protecting the remaining jobs in my constituency?

In conclusion, an independent inquiry into the nationalisation of Bradford & Bingley is long overdue. The Bradford & Bingley shareholders, bondholders and employees, and the local community, are entitled to know the truth. The Prime Minister has claimed, many times, that he is committed to open and transparent government, and he has opened an inquiry into the Co-op bank failure. I believe it is not too late for the Government to do the same—open an independent inquiry—with respect to the Bradford & Bingley nationalisation. That was, arguably, the best example of what went wrong in the banking crisis, particularly in relation to the flawed accounting standards that are still in place. Justice and the British sense of fair play demand such action, and I hope that the Minister, who is a good man, will do the right thing and agree to it.

The Government rightly claim to be on the side of hard-working people. Hard-working people were the shareholders, bondholders and employees of Bradford & Bingley who all lost out. By agreeing to an independent inquiry and making all the relevant Government papers available to it, the Government can show that they will, indeed, stand up for hard-working people.

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9.50 am

Craig Whittaker (Calder Valley) (Con): It is a pleasure to speak in the debate under your chairmanship, Mr Betts. I thank my hon. Friend the Member for Shipley (Philip Davies) for securing this important debate on behalf of thousands of Bradford & Bingley investors. It finally gives us an opportunity to speak up for those among our constituents—and there are many in Calder Valley—who have been affected by the nationalisation.

The issue has perplexed and bemused many of my constituents who bought shares in the company in a rights issue in 2008, only eight weeks before the Government of the day nationalised it. They bought shares not because they were high rollers who invest in the stock market to make a quick buck, but because many of them are shrewd pensioners who thought they were making safe, long-term investments for their future in retirement. One might say, “Well, if you invest in the stock market, you should be aware of the risks. You should expect the peaks and troughs and be prepared to take the rough with the smooth.” Every one of my constituents who contacted me from Calder Valley has highlighted that very point; but they have gone on to say that the balance sheets of the bank were good, and were definitely in a stronger position than those of many banks that the Government of the day decided to bail out.

One might also argue, as Lord King did a year ago, that it was Britain’s faulty banking accounting rules that failed investors. My constituents would argue that in that case the same faulty rules applied to all banks. Even so, the Bradford & Bingley was still showing a stronger balance sheet than many of the banks that were bailed out. We know that from the banking crisis post mortem published by the Local Authority Pension Fund Forum.

It seems ludicrous that within eight weeks of the bank’s rights issue in 2008, the Government nationalised it. It is even more staggering that within days they provided a further £60 billion of support to two Scottish banks that had weaker balance sheets than the Bradford & Bingley. As my hon. Friend the Member for Shipley mentioned, his constituents, like mine, and thousands of other investors from west Yorkshire and beyond, believe that the decision to nationalise the Bradford & Bingley was a flawed one, made in haste and not consistent with the treatment given to other banks.

How must those investors feel, after the revelations of the past week about low-cost loans secured by a political party and party political donations from yet another failed bank, whose chairman is disgraced? How must they feel when they read the allegations that the Royal Bank of Scotland, one of the very Scottish banks bailed out by the previous Government, forced some customers out of business? Only yesterday I presented the Secretary of State for Business, Innovation and Skills with clear evidence of an attempt to do just that to the business of one of my constituents. How would you feel, Mr Betts, if you had invested in an organisation that was treated totally differently from other banks that have failed or are failing, I expect you would feel pretty miserable and furious. I expect you would feel abandoned by the previous Government and helpless before the current Government, who seem unwilling to launch an inquiry.

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Perhaps I can sum up those feelings in the words of a 65-year-old Calder Valley resident who invested for his retirement. He wrote to me:

“after being encouraged by the Bradford & Bingley rights issue in 2008 I was staggered at the nationalisation that took place only eight weeks later. Since the mortgage books are now in good health the treatment that I have received as a member of the public in 2013 with all of the talk of honesty and transparency does nothing to help me explain to my grandchildren why they should be good members of society. Especially when their role models in government have behaved so atrociously personally with regard to their use of public money for their own ends, in ensuring the protection of our societal structures and in taking accountability for establishing the truth about many travesties that have taken place over the last few decades.”

Mr Philip Hollobone (Kettering) (Con): I congratulate my hon. Friend on his impressive speech. The opening remarks of my hon. Friend the Member for Shipley (Philip Davies) were equally impressive. My constituent, John, a forestry worker on low agricultural wages, was bequeathed 2,400 Bradford & Bingley shares by his late father. They were worth about £11,000 and are now effectively worthless. We talk about the billions of pounds that have gone into saving some of Britain’s banks. However, in the case of the Bradford & Bingley, ordinary people lost sums that to them were very large, although they are inconsequential compared with the billions that the former Prime Minister and Chancellor doled out at the time.

Craig Whittaker: My hon. Friend is right. Many small investors, not just in Calder Valley but around the country, lost hard-earned cash that they had saved all their lives to invest in what they hoped would be a better future in retirement. That is exactly what I am talking about. My constituent whose words I quoted, Mr Anthony Ottery, suffered in exactly the same way as John did.

Mr Ottery’s comments are a small sample of the feelings of many of my constituents who feel badly let down by what happened. It does not help that many questions remain unanswered. People have struggled, as my hon. Friend the Member for Shipley said, to get the information through freedom of information requests. The Bradford & Bingley action group seems to be thwarted at every turn. There are, as my hon. Friend also noted, three key questions that remain unanswered. What was the exact reason for the expropriation of the company? Should the rights issue have been permitted to proceed, and were shareholders wrongly induced to subscribe to it? Finally, were the comments of the directors and the investor relations department about the strength of the company, made only days before nationalisation, at best misleading and possibly untrue?

When, to coin the phrase of my hon. Friend, a Government confiscate the property of their citizens without reason, explanation or compensation—particularly when they have a duty of care to those citizens—surely that alone is a reason to call for an inquiry into what happened. Governments can call inquiries—there are currently three on Co-op bank matters. Surely the citizens who cannot get answers with respect to the failed Government who failed to regulate the banking industry and took away their assets should at least be given those answers and an inquiry into the seeming scandal of the Bradford & Bingley.

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On behalf of my constituents in Calder Valley and thousands of investors in west Yorkshire and beyond, I join my hon. Friend the Member for Shipley in asking the Minister for an inquiry into what happened at the Bradford & Bingley.

9.59 am

Cathy Jamieson (Kilmarnock and Loudoun) (Lab/Co-op): I have listened with great interest to the comments of the hon. Member for Shipley (Philip Davies), whom I congratulate on securing this important debate, and of the hon. Member for Calder Valley (Craig Whittaker). I was struck by the fact that both referred to a duty of care. I therefore hope they will see fit to support the work that I and colleagues have done to try to get a fiduciary duty of care written into legislation. I have tabled amendments to that effect to financial services Bills on various occasions.

Let me return to some of the issues that have been raised. Hon. Members will no doubt be disappointed that I was not in Parliament or a member of the Government at the time of Bradford & Bingley’s nationalisation, and I am therefore not able to speak from personal experience. The collapse of Bradford & Bingley came about during the worst global economic downturn since the great depression, and we must remember the serious situation that the then Government were facing, which, to be fair, hon. Members have recognised. It is also worth remembering that we had seen just 12 months earlier the first run on a bank for 80 years at Northern Rock. I recall queues of people outside the bank’s branches seeking to withdraw their money, with police having to be deployed in some instances. It was the duty of the Government of the day not only to secure an agreement on the future of Bradford & Bingley but to steady the financial system and to ensure that the country would get through those turbulent times.

We should also remind ourselves of the surrounding circumstances at that time. It was important to take account of the 2.5 million people who had a total of £22.2 billion invested in Bradford & Bingley. A million people had a mortgage with the bank. It had also been particularly exposed to the falling house market after specialising in buy-to-let and self-certification mortgages. I am tempted to go off on a slight tangent and discuss how housing bubbles are created, but that would do a disservice to those concerned about this particular debate, so I will not at this point.

Bradford & Bingley had fallen £26.7 million into the red in the first six months of 2008, so the circumstances were serious. Bad loans increased by 86% between January and June 2008 compared with the same period the previous year. Shares had fallen some 93% in the year before nationalisation, dropping to just 20p the week before. In the first six months of 2008, more than 9,000 customers had their homes repossessed or were more than three months behind with their payments, which was twice the average. Some 370 jobs had been lost, with a further 3,000 at risk. At that time, following various plans to raise funds from shareholders, the confidence of the City had been lost.

Duncan Hames (Chippenham) (LD): I do not envy the position that the hon. Lady finds herself in today. I appreciate that we cannot do anything about what occurred in 2008, but we can today do something about

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the culture of secrecy that followed. Will she commit to the hon. Members gathered here that she will speak with her Scottish colleagues—the previous Prime Minister, the right hon. Member for Kirkcaldy and Cowdenbeath (Mr Brown), and the former Chancellor, the right hon. Member for Edinburgh South West (Mr Darling)—and ask the two of them to provide answers to the questions posed both here and by our constituents about what happened between the rights issue and the nationalisation of Bradford & Bingley?

Cathy Jamieson: I have not, to date, spoken directly to the previous Prime Minister or the former Chancellor on this particular issue. I was interested to hear what the debate would be about today, and I look forward to what the Minister has to say about any action that the current Government will take. If there is something useful to be gained from my discussing the matter with the previous Prime Minister and the former Chancellor, I would be more than willing to do so, but I do not know whether that would produce the result that the hon. Gentleman seeks.

Philip Davies: I am grateful to the hon. Lady for what she says, and I hope that she will pursue the previous Prime Minister and the former Chancellor. In the unlikely and catastrophic event that there is a Labour Government after the next election, the one thing that the hon. Lady could do is to promise that a Labour Government would actually release all the relevant papers and hold an inquiry. She might not be able to say anything about what happened back then, but she can certainly say what she would do if she had the chance. Will she commit to that?

Cathy Jamieson: I am sure that the hon. Gentleman will be aware of the conventions relating to previous Governments. I am pretty sure that I will not be in a position, even in the likely event that there is a Labour Government the next time around, to discuss releasing papers from a previous Government. I understand that that is the convention irrespective of political parties. It will be interesting to hear what the Minister has to say about the action that the current Government can take.

At the time of Bradford & Bingley’s problems, the Government of the day wanted not only to try to preserve the country’s financial stability but to ensure that ordinary savers were protected. My understanding is that they did that in good faith and believed it to be the correct thing to do. I am sure that it was not an easy decision, but following the Financial Services Authority declaring default on the bank’s borrowings, the Government took decisive action. It is also worth noting that it was not only the previous Government who thought that that was the correct decision. People who were in opposition then and who are now part of the coalition also believed that it was right. The right hon. Member for Twickenham (Vince Cable), who was then the Liberal Democrat Treasury spokesman, said that if there was no private sector rescuer for Bradford & Bingley, which of course there was not, the Government were right to step in. He said at the time:

“In these circumstances, nationalisation is the least worst option. The UK Government is getting these assets for free, so it could turn out to be quite a good deal.”

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Philip Davies: There is a big difference between stepping in to help and obliterating a high street bank. Northern Rock is still out there. People can still visit a Northern Rock branch. That is not the issue, however. The issue is that Bradford & Bingley was treated completely differently from every other organisation. It is not about stepping in to help; it is about how that supposed help was given.

Cathy Jamieson: I appreciate the hon. Gentleman’s comments. He has been a powerful advocate on behalf of his constituents, and I am sure that he will have other questions, but it is important to understand the context. The then Treasury director general wrote in the March 2012 “Review of HM Treasury’s management response to the financial crisis”:

“The Treasury drew on the experience of nationalising Northern Rock to resolve subsequent failing financial institutions, such as Bradford & Bingley, more quickly and decisively.”

That suggests that people thought not only that it was the right decision, but that action had to be taken quickly to avoid further damage to savers and the wider economy.

Craig Whittaker: In light of what the hon. Lady has just said, will she enlighten us as to why Bradford & Bingley was treated entirely differently from other banks, some of which received more than £60 billion in taxpayer money only a short time later?

Cathy Jamieson: I said at the beginning that I was sure that hon. Members would be disappointed that I would not be able to describe the day-to-day dealings of the previous Government. I am looking at the case on the basis of the information currently available.

The role of the European Commission was also mentioned. The Competition Commissioner has said:

“The Bradford & Bingley decision illustrates once again the positive contribution of EU state aid policy to ensuring orderly and effective solutions to tackle the financial crisis. The UK authorities’ market-oriented solution has avoided any disproportionate distortions of competition while enabling the preservation of the viable parts of the business.”

At the time, people seemed to be of the belief that the correct decision was made. It was not easy, but it was taken in good faith and because people thought that it was the right thing to do.

Mr Gregory Campbell (East Londonderry) (DUP): I appreciate the hon. Lady’s position—she was not a Member of Parliament at the time. However, given the context five years ago, which she is outlining in some detail, and the problems with the Co-op bank now, will she commit to a fully independent investigation into how and why it came about, and put in place steps to ensure that it never happens again?

Cathy Jamieson: I want to come on to some of the things we can do to continue to ensure that the things that happened in the past and recently do not happen again. We need to restore confidence in the banking world for customers, consumers and the wider economy. It has given me no pleasure to see yet more allegations and accusations about the practices in RBS in the past few weeks. Various inquiries are looking into those practices.

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As hon. Members are aware, I am a Labour and Co-operative MP, and I have had a long involvement in the co-operative movement. It gives me no pleasure to see the situation that the Co-operative bank is in. I am sure that the inquiries will give us further clues about what we need to do to ensure that such things are not repeated in the future. I understand that what I am saying will not be much of a consolation to those who lost their jobs during the Bradford & Bingley situation, or to the shareholders who lost their money. I understand that the hon. Member for Shipley, who has worked hard as a constituency MP, continues to raise these issues to ensure that his constituents get answers.

The Bradford & Bingley shareholder action group, which speaks on behalf of the former shareholders, has run a lengthy campaign. We must ensure that no one else goes through what the people who lost their jobs and those who lost out in the crisis went through. That is why it is important that we work harder to reform the banking system, to ensure that such situations never happen again, and, as we discussed many times in Committee on financial services Bills, to future-proof against anything that could happen in the future. That is why I am making these points.

I am somewhat surprised that the Government have not given their full support to many of the recommendations of the cross-party Parliamentary Commission on Banking Standards and the Vickers Independent Commission on Banking, which the Government set up. The Financial Services (Banking Reform) Bill was a pretty thin volume in Committee, although it increased exponentially in size thereafter. Labour Members tabled various amendments during the passage of the Bill to ensure more protection for taxpayers and to rebuild consumer choice, financial inclusion and a diverse market. Crucially, we aimed to reform banking standards and the high-risk culture, while boosting the economy. It was disappointing that the Government either watered down or ignored the recommendations of the commissions and voted against most of our amendments. However, there was one victory in the other place yesterday.

I note that in the past couple of days we have heard that the Chancellor has now written to the Bank of England to review the Financial Policy Committee’s powers on leverage ratios. Although it is good news that the Chancellor has belatedly seen the importance of that issue, now that the Bill is in its final stages in the other place, it is a shame that it has taken him so long to do so.

I hope for some leadership from the Minister this morning—I know that he has a thorough understanding of the banking sector. I hope that we will see more of a change of heart from the Chancellor on wider banking reform, so that we can ensure that a similar crisis can never happen again. The Opposition will continue to press for that.

I will conclude on the point with which I started. The hon. Members for Shipley and for Calder Valley talked about a duty of care, which is important for everyone in every sector of the financial services markets. Whether people are in banking, insurance or other institutions, they must realise that they have a responsibility to the customers whose money they look after. I hope that the Government will support the call for a fiduciary duty of care that we have made on many occasions. Will the Minister comment on that, as well as answering the questions that other hon. Members have put to him?

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10.15 am

The Financial Secretary to the Treasury (Sajid Javid): I welcome you to the Chair, Mr Betts. It is a pleasure to serve under your chairmanship.

I thank my hon. Friend the Member for Shipley (Philip Davies) for securing the debate and for his continued commitment and effort in tirelessly pursuing the issue on behalf of his constituents. I have not been long in Parliament, but one thing I noted right from the start, which has been reaffirmed today, is that few colleagues so assiduously pursue their constituents’ causes as my hon. Friend. He is an example to us all. I also thank my hon. Friend the Member for Calder Valley (Craig Whittaker) for his tireless work on behalf of his constituents, as we have seen today.

Before I get into the specifics of Bradford & Bingley, I will give some context on the time, the policies that we have heard reference to today, which contributed to the banking crisis, and this Government’s response, which hon. Members have spoken about during the debate.

The nationalisation of Bradford & Bingley was one of the key outcomes of the financial crisis. The crisis was the biggest failure of economic management and banking regulation in this country’s history. Let me remind hon. Members of the events preceding the crisis. Over the decade before the crash, Britain experienced the biggest increase in debt of any major economy in the world. The total of household, corporate, financial and public sector debt reached a staggering 500% of GDP. UK banks became the most leveraged in the world.

None of that, however, caused concern or invited intervention under the failed tripartite system of regulation created 16 years ago. The Bank of England was stripped of its historical responsibility for regulating the banking system, which was given to a new Financial Services Authority. Let me quote a warning from 16 years ago by the then shadow Chancellor, my right hon. Friend the Member for Hitchin and Harpenden (Mr Lilley). During the passage of the Bank of England Act 1998, which created the failed tripartite system, he said:

“The process of setting up the FSA may cause regulators to take their eye off the ball, while spivs and crooks have a field day.”—[Official Report, 11 November 1997; Vol. 300, c. 732.]

Sixteen years later, the consensus is clear. There were fundamental flaws in the tripartite system right from the start, which are today painfully apparent to the whole world.

I respect the comments of the shadow Treasury Minister, the hon. Member for Kilmarnock and Loudoun (Cathy Jamieson), and I accept that she was not responsible for the actions of the previous Government. However, she was close to some of the key decision makers at the time, and I hoped that we would hear an apology from her on behalf of the previous Government—that was wishful thinking.

The situation that I have described is why this Government have embarked upon a fundamental reform of our system of financial regulation. We have introduced domestic legislation to increase the resilience of financial institutions to shocks. The Financial Services Act 2012 fundamentally reformed the previous, failed tripartite system by giving the Bank of England clear responsibility for maintaining financial stability; establishing the Financial Policy Committee within the Bank as a strong and

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expert macro-prudential authority; creating the Prudential Regulation Authority, a new micro-prudential regulator, as a subsidiary of the Bank of England; and creating a new independent conduct of business regulator, the Financial Conduct Authority.

Martin Vickers (Cleethorpes) (Con): The Minister is outlining a tightening up of the regulatory regime, which I am sure all our constituents would welcome. However, does he recognise that those who have been let down by the Bradford & Bingley scandal and other financial scandals feel that regulators go native, stand back and, instead of being on the side of consumers, are too close to the people they are supposed to be regulating?

Sajid Javid: My hon. Friend makes a good point that has been brought up by many hon. Members. With the reforms we have implemented, and some that we are still in the process of implementing, the Government have created a stronger, more rigorous system, with regulators with a lot more teeth and a greater degree of independence.

The Government have also set up the Independent Commission on Banking, or ICB, to recommend further reforms to enhance financial stability. The Government accepted the recommendations of the ICB and are putting them into law this year through the Financial Services (Banking Reform) Bill. The Government also supported Parliament in setting up the Parliamentary Commission on Banking Standards and have accepted that commission’s main recommendations.

I turn now specifically to Bradford & Bingley. Following the difficulties Bradford & Bingley experienced in 2008, the previous Government transferred its retail deposit taking business and branch network to Abbey National after a competitive process; its mortgage business was brought into public ownership. At the time of the nationalisation of Bradford & Bingley, the UK was in the grip of a rapidly evolving crisis, as we have heard today. I cannot speak for the actions that the previous Government took to deal with the crisis, as I was not privy to the relevant discussions; nor, rightly, have I seen the papers that relate to the previous Administration, although I understand that the Treasury is handling all freedom of information requests in the proper manner.

Extensive information is already in the public domain: events leading up to the nationalisation have been looked at by both the National Audit Office and the Treasury Committee. But on the matter of information, I have to agree with the comments made by my hon. Friend the Member for Shipley, and, in particular, with the request made by my hon. Friend the Member for Chippenham (Duncan Hames), who asked the shadow Minister to use her good offices to speak to the former Prime Minister, the former Chancellor and others who were Ministers under the previous Government and closely involved in events at that time. That is a reasonable request; I hope she will act on it and get back to my hon. Friend about it. It could lead to further information that many stakeholders would find useful.

Following the transfer of Bradford & Bingley into public ownership, the previous Government made the Bradford & Bingley plc Compensation Scheme Order 2008, which

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was debated and approved by each House. The order provided for a mechanism through which compensation for former shareholders would be assessed by an independent valuer. As we have heard, after conducting a robust and rigorous process the independent valuer determined that no compensation was payable.

My hon. Friend the Member for Shipley asked whether it was right that the valuer should have been asked to work on the basis that there was no Government support. I believe that it cannot be right, or in the best interests of the taxpayer, that the valuer should have been asked to compensate for value that existed only by virtue of support that taxpayers themselves were providing.

Following the determination, all affected parties had the opportunity to submit requests for the valuer to reconsider his decision. The valuer considered all requests before concluding that no compensation was payable. That decision was further upheld in the upper tribunal review.

I believe that due process has been followed at every stage. Transparent and independent arrangements for compensation have been put in place and there has been a proper process in the courts. As I mentioned, there have also been investigations by the NAO and the Treasury Committee. I have to say to my hon. Friend that I have looked at the matter closely using the limited information available to me, and from what I have seen I am not persuaded that there is a case for a further investigation or inquiry.

Before I conclude, I want to respond specifically to a number of my hon. Friend’s questions. He talked about the rights issue that took place just before nationalisation. From the information I have seen, I can tell him that the Treasury had no involvement in that rights issue at all; as we have heard, the rights issue was conducted in the summer of 2008, prior to nationalisation, and was a matter solely for Bradford & Bingley’s board and senior management. Like many banks and building societies at that time or thereabouts, Bradford & Bingley was required to meet FSA regulatory capital requirements in order to continue with those regulated activities.

My hon. Friend also raised the issue of accounting standards, and in particular IAS 39, which he said was problematic and could perhaps take some blame for the financial crisis. He is right to raise accounting standards and the contribution they could have made to the crisis. The issue has been looked at extensively by authorities around the world, including the International Accounting Standards Board. The board has proposed a series of changes to IAS 39 and other, similar accounting practices. Those changes essentially mean that, in future, banks will have to hold more capital or take losses earlier on problematic loans.

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My hon. Friend also rightly expressed his concerns about the future of a number of his constituents who were transferred to UKAR during nationalisation and are currently UKAR employees. He was absolutely right to say that those people have considerable expertise and experience in an important sector. My understanding is that currently over 2,000 staff are still employed in managing the closed mortgage books of both Bradford & Bingley and Northern Rock, and are doing an excellent job.

My hon. Friend may take some comfort from knowing that those people’s skills are such that it seems they will face growing demand for them: the Council of Mortgage Lenders recently said that mortgage lending in the third quarter of this year was at its highest level since 2007 and is growing strongly thanks to the Government’s policies and the economic growth we are experiencing. I am sure that the value of the skills they hold will give some comfort to the constituents he mentioned.

Philip Davies: I am grateful to my hon. Friend for his comments, although clearly I am disappointed that he does not believe that there is a need for an inquiry: we are still no further forward when it comes to knowing why Bradford & Bingley was treated so differently from other banks and building societies.

In the light of the comments my hon. Friend has just made about the future of Bradford & Bingley, will he go away and think about whether a new Bradford & Bingley could be born out of what is there at the moment to be a new challenger to the banking sector on the high street and to introduce the competition that we all want?

Sajid Javid: I will give a commitment to my hon. Friend that I will think about that further. In fact, I will do more: he will know that UKAR is part of United Kingdom Financial Investments Ltd, the agency that acts as the Government’s shareholder in the former assets of Bradford & Bingley, and of the Royal Bank of Scotland, Lloyds and others. I will write to the head of UKFI and to the head of UKAR to ask them to consider the case that my hon. Friend has made today.

I congratulate my hon. Friend once more on securing this debate. This is an issue that he, rightly, feels very strongly about. I assure him that we are taking what we believe are the right steps to ensure the future stability of our banking system.

Mr Clive Betts (in the Chair): I now suspend the sitting until 11 o’clock, although if the hon. Member responsible for the next debate and the Minister responding both arrive a little early, I am happy to start the debate a few minutes earlier.

10.28 am

Sitting suspended.

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Skills (North-East)

10.56 am

Guy Opperman (Hexham) (Con): It is a pleasure to serve under your chairmanship, Mr Betts, and a great privilege to introduce this debate about how we create skills and apprenticeships in the north-east.

The north-east has a proud manufacturing heritage. We are home to Stephenson’s trains, Armstrong’s hydraulics, ships and artillery, Swan’s electric light bulbs and Parsons’ steam turbine, to name but a few of the great key inventions derived from the north-east. Today, we need to ensure that the next generation have the training and resources to put skills in manufacturing and engineering, in all its forms, once again at the heart of our growing private sector economy.

Those great engineers of the north not only built our region, but shaped Victorian Britain. This matters. It is great that the North East local enterprise partnership is one of only three LEPs in the country to pilot the new approaches to skills development. The key point is that the north-east is showing the way, whereas sometimes in the past, it is fair to say, we have been at the back of the bus. We have, I suggest, little to fear from our co-pilots: the Stoke-on-Trent and Staffordshire LEP and the West of England LEP. Frankly, we welcome the competition—but I would say that, wouldn’t I?

In the north-east, we have a number of strong sectors: manufacturing, engineering, subsea, oil and gas, and renewable construction—I could go on. The success of the skills pilots must be in matching the appropriate skills to the relevant sectors, where the growth and the jobs will be. This pilot will, I believe, allow that to happen, but I ask my hon. Friend the Minister, in his response to the House today, to set out the details in relation to the skills pilot, so that we can fully understand the direction of travel and what he wishes us to do. I want to address the Minister also on the issue of a university technical college in Northumberland, Tyne and Wear.

For me, this debate is part of a personal crusade. I was the first Member of Parliament to hire, train and retain an apprentice—Jade Scott, who is now the business administrator in my Hexham office. Along with Jacqui Henderson, I opened the new Hexham office of Northumberland college in 2012. It is a state-of-the-art local facility in rural west Northumberland and provides a multitude of courses, including hairdressing. I have taken the plunge and had a haircut there myself—I probably need another one now.

We have also led the charge with Ministers. I was pleased to welcome my right hon. Friend the Member for Epsom and Ewell (Chris Grayling), when he was the jobs Minister, to the Fuse media centre in Prudhoe for a jobs summit. I then invited the present Minister to Kirkley Hall on 9 February this year to preside over the apprenticeship awards, with the wonderful Jacqui Henderson and her team, and hear at first hand about the difference that apprenticeships are making in the north-east.

I regularly meet representatives of Newcastle college, and only two months ago I sat down with Angela Allan and her team to discuss how we can help them, both from the skills point of view and on the issue of international student visa numbers. I also took this

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Minister to see for himself the huge investment going into Newcastle college. The building that he and I looked around in February of this year was a shell; it is now up and running and a thriving, bustling hub for students.

I will give three specific examples from business later in my speech, but I want to start with a strategic overview of where we are and where we have come from, and the lessons we can learn from the past three years. Apprenticeships are, as everybody acknowledges, key to securing the prosperity of the north-east economy. We are moving in the right direction. The number of apprenticeship starts in 2011-12 in the north-east was 38,340, an increase of 11% since 2010-11. That, in turn, was up from 18,510 in 2009-10 and 13,500 in 2005-06. In my constituency, the number of apprenticeship programme starts rose from 430 in 2009-10 to 800 in 2011-12, which is the last fully assessed year. There is not a single one of the 29 constituencies in the north-east in which apprenticeship starts have not increased dramatically since 2010.

James Wharton (Stockton South) (Con): I congratulate my hon. Friend on securing this debate, which is incredibly important for our region. Does he agree that we need not only a high number of apprenticeship starts, but the right types of apprenticeships to replenish the skills base that has built the industry in the north-east over so many years? It is welcome that numbers are up, but it is also welcome that we are starting to get the right sort of apprenticeships, because of the good work that the Government are doing.

Guy Opperman: With amazing ability, my hon. Friend has touched on the next key point of my speech. It is not just about numbers; it is about the quality of apprenticeships. It is also about the skills pilot that we have managed to secure in the north-east matching the types of apprenticeship starts to the sorts of businesses in the north-east, to ensure that they are specifically focused and provide what business needs. The Adonis report talked about exactly that point.

In preparation for the debate, I blogged, tweeted and invited comments on the matter. Who says that social media do not work? I was deluged with ideas and contributions, and I thank everyone for taking the trouble to get involved. I was contacted by businesses, trade organisations such as the north-east chamber of commerce, health trusts and even the Department for Education, which was keen for me to advance and support some of its ideas. I spoke to three businesses in particular. SCA is the second largest manufacturer in my constituency. It employs some 400 people, and it is a manufacturing success. Richard Sutcliffe, the factory manager at SCA, has said:

“There is a need to acknowledge that the technical skills/engineering skills that are needed in manufacturing are not currently in place; we are continually striving to encourage and develop the young talent of today.

As the number of apprentices over many years has reduced and many employees come towards their retirement we have a challenge in industry as a whole to plug these gaps. By linking with schools and educational establishments we are keen for people to realise and see that an apprentice scheme is a great/equivalent alternative to university and we must remove the stigma that still exists in some areas.

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An apprentice at SCA can also move on after their initial training to complete a degree, giving the person a solid footing in a working environment, a keen skill that can take them in many directions and the opportunity to start life without the burden of excessive debt. We need to encourage and help people realise apprentice schemes are key, current and available for all types of people, whatever their ambitions might be.”

I could not have put it better myself.

I want to give examples of two other local businesses. The first is Egger, in my constituency, which is the biggest private sector employer in Northumberland, with more than 550 employees. Recently, £4 million has been invested in an engineering academy for more than 40 apprentices and other engineering staff, which I opened last month with Michael Egger. He clearly sees his employees as the key to the future prosperity of the business, and the academy is the latest phase in more than £100 million of investment in the Hexham plant over the past six years. Egger’s importance cannot be overstated; it is responsible not only for 550 local jobs, but for 1,500 other jobs that are linked in through forestry and other businesses. I was lucky enough to work on the factory floor as part of Children in Need. I was not very good, but it was a great experience. I particularly liked meeting the apprentices, who were, by and large, from Hexham. They had started in Queen Elizabeth high school and been on away days and visits to the factory, after which they followed the apprenticeship path, which enabled them to get a local job with a local firm and live at home. That, surely, is the way forward.

Ian Lavery (Wansbeck) (Lab): I congratulate the hon. Gentleman on bringing this important debate to Westminster Hall. Are the valuable apprenticeships that he has mentioned ones that last for three or four years, in which apprentices work on the shop floor and in college, and are guaranteed a job at the end? In other words, are they indentured apprenticeships as we knew them, or do the apprenticeships last only six months, with only the possibility of the job at the end?

Guy Opperman: I thank the hon. Gentleman for his contribution; it is a perfectly fair point, which the Adonis report deals with. The north-east skills pilot is an attempt to achieve that. Some are shorter apprenticeships—no one would deny that—but the majority are exactly what he and I, who are of venerable years, would understand to be a traditional apprenticeship. [Interruption.] The hon. Gentleman is looking at me as though I am ageing him too much. I am sure he is still a stripling.

Yesterday I spoke to Bob Paton, another of my constituents from the Hexham shire, who took time out to come and talk to me on exactly that issue. He described the apprenticeships offered by Accenture, a big multinational of which he is a director. Accenture’s IT apprentices spend three years in the business and complete coursework and college work on a repeated basis, at the end of which they can achieve a university degree. The apprentices are working and learning, and they achieve both an apprenticeship and a degree.

Sir Alan Beith (Berwick-upon-Tweed) (LD): In this context, is it not vital that we ensure that further education linked with apprenticeships is spread more readily around

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the rural parts of Northumberland? Access to further education is essential to making good apprenticeships work.

Guy Opperman: I thank my right hon. Friend for that point. He was not quite in his place when I said that my key desire arising out of this debate was for a technical college for Northumberland, Gateshead, Tyne and Wear. At the moment, there is the potential for a college linked to Hitachi in Durham, but we need something in the northern part of the north-east to address the skills gap between school and a job, which is central to fulfilling the manufacturing and engineering demands of our businesses.

Ian Lavery: I apologise for missing the start of the debate; I was not late, but it started slightly early. I have not heard the hon. Gentleman mention Northumberland college in Wansbeck, which has developed into a really good force for further education, apprenticeships and meeting the skills gap. We really need to encourage Northumberland college and the Kirkley Hall campus in the hon. Gentleman’s constituency, because the college has great potential.

Guy Opperman: It is in no way the hon. Gentleman’s fault that he missed my elaborate description of how wonderful Northumberland college is, because we started early. The Minister and I went to Kirkley Hall and visited parts of the site. As the hon. Gentleman knows, another branch of Northumberland college has opened in Hexham, so quite a small hub has expanded to other parts of the region. That addresses the hon. Gentleman’s point and that made by my right hon. Friend the Member for Berwick-upon-Tweed (Sir Alan Beith).

When Bob Paton came to see me yesterday, he told me that Accenture is not only increasing its job numbers, but recently took on 38 new IT apprentices, working with the local college. He reckoned that he had

“the biggest and best…higher level IT apprenticeships in the country,”

and the programme is expanding. We do not just need manufacturing and engineering apprenticeships, but IT apprenticeships. We need to encourage people to take on such jobs.

I could give other examples, but I do not want all my speech to be about the fact that Nissan is offering enhanced apprenticeship programmes, enabling new recruits to work in manufacturing production; the fact that Sembcorp Utilities UK is recruiting 100 new apprentices aged 16 to 18 to do three-year apprenticeships from 16 onwards; the fact that we need more work like that of the North East Skills Alliance for Advanced Manufacturing, chaired by Nissan and the Engineering Employers Federation; or the fact that the North East Skills group does good work.

I cannot praise enough the campaigns run by The Journal and my constituent, Brian Aitken, who has pushed the excellent “Proud to Back Apprentices” campaign in the past year. Nor can I praise enough events such as the north-east engineering and manufacturing careers conference, which brings teachers from across the region together to hear first hand about opportunities in the sector, or schemes such as the primary engineer scheme, which encourages girls and boys from a very young age, in first and primary schools, to become the engineers of

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the future, by forging links with local businesses. I welcome the work of the local NHS trust and the Department for Education in boosting schemes such as the apprenticeship bursary scheme for the early-years profession.

I want to turn to the North East local enterprise partnership, because we cannot discuss skills and apprenticeships without addressing the role of the LEP and the Adonis report. I pay tribute to everyone involved in both the organisation and the report—in particular, Ed Twiddy, Paul Woolston, Justin Welby and Andrew Hodgson, the latter of whom specifically addressed the problem area of skills.

We in the north-east welcome the fact that we have been chosen for the skills pilot. That sends a message that the north-east is not only open for business, but a skills hub and a destination for the sorts of jobs we wish to see. I call on the Minister to set out what the skills pilot is doing and what the next steps will be if it is successful. How can key local businesses and stakeholders influence the development of the skills revolution in the north-east? We do not need a route map set in stone by Government, but we do need a clear direction of travel, allied to the Adonis report, setting out the hurdles we need to cross along the way.

No other region has addressed its strengths and weaknesses as the north-east has with the Adonis report. It was business-led, written by experts, apolitical, hard-hitting and realistic. It pulled few punches. It celebrated the region’s assets and successes, but acknowledged that successive Governments have struggled to improve job numbers, the skills deficit and university starts, or to grow the regional economy, which was such a powerhouse in days gone by. At the heart of the report lies a desire for more and better jobs. It identified the crucial lack of private sector employment, but, to quote from the report:

“More jobs alone will not re-balance the economy. The North East needs higher skilled and higher paid jobs to produce an economy which matches others and provide the quality of opportunities its residents and young people need to prosper.”

An alternative way of looking at the problem was provided by the recent debate on how Governments, of any form, can address the cost of living as the election approaches. I was interested by the comments of Ross Smith from the North East chamber of commerce and industry, who tweeted, following an article in the New Statesman:

“My answer to this is ‘it’s skills, stupid’—alas that doesn’t fit with easy election messages or election cycles.”

That builds on the famous Bill Clinton comment—“It’s the economy stupid.” I asked Ross to expand on his comment yesterday, as part of the consultation for my speech, and he said:

“The most important factor in raising living standards in the long term is to increase skill levels, so that people can play a more productive part a stronger economy, and be rewarded accordingly.”

He is right and his tweet was right.

My copy of the Adonis report is well thumbed and much written on. I urge everyone interested in addressing the problem to read the report. We need action from big employers, and I have set out what some have been doing. We need the support of media and key partners; it is welcome and expanding. I will address university technical colleges briefly in a moment.

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We also need a north-east schools challenge, based on the successful London challenge, to support local partners to achieve a step change in local education. I support the efforts of the local authority seven, and we will talk in the House on another occasion about how the LA7 should be fully supported by one and all. I will, however, make one particular point now. There is a slight problem for small businesses, which are struggling to get the niche, tailored skill sets for their apprenticeship demands. Given the lack of time, I will write to the Minister on that point to set out the issue in more detail.

I shall finish on the point about university technical colleges or UTCs. We need to encourage more people to build vocational skills and not to stop doing so at 16. A key solution in the Adonis report is the creation of UTCs in the north-east. The Adonis report demands four UTCs, but frankly I would take two. We have one in Durham, and I would very much like one in Northumberland or Tyne and Weir. As UTCs have been established across the UK, their success has been dramatically transformative. I will make it my mission to see a UTC created in the northern part of the region. I hope that is something for which the Minister can offer his support. Although the south of the region is making progress, the message is obvious: we need far greater links between business and schools. UTCs make a difference, so we need one.

We can be in no doubt that skills, and apprenticeships in their many forms, are the key to the further improvement of every bit of the north-east, job numbers and growth. The north-east is the cradle of manufacturing, engineering and much more. We are powering the country out of recession. We are the only region with a positive balance of payments. Give us the tools to do the job.

11.16 am

The Minister for Skills and Enterprise (Matthew Hancock): It is a pleasure to serve under your chairmanship, Mr Betts. I will respond to as many of the points that my hon. Friend the Member for Hexham (Guy Opperman) made in his excellent speech as I can. He is a passionate supporter of not only Hexham, but the whole north-east. He made a strong case in an important debate. One particular reason why it is good news that we are debating the north-east approach to skills and apprenticeships is that the region is blazing the trail and is at the forefront of some of our policy thinking, which I shall come to later.

I thoroughly enjoyed my visits to Newcastle college and Northumberland college earlier this year with my hon. Friend. We were photographed in an empty shell of a building and I very much look forward to seeing the college now the new building is up, running and, I understand, buzzing with learners. That is just as well, because the number of over-19s in further education in the north-east went up by 6% in the last year for which figures are available. There is clearly an increasing demand for education and skills at that level, among not only employers—we heard a lot of stories that corroborate the evidence I have on the demand from employers—but students as well.

My hon. Friend mentioned the need for university technical colleges in the area. We warmly welcome all applications for UTCs. We approve those proposed by

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the strongest groups in areas where new schools are needed most and those that have rigorous education and recruitment plans. I am sure he agrees that it is important to ensure that new provision is rigorous and responds to the needs of local employers, not least because UTCs provide the opportunity for employers and universities to work together, and therefore drive up the standard of technical education between 14 and 18. We are considering the south Durham UTC application, with others we have recently received, and we have interviewed the applicant group. Applicants will be notified of the outcome in the new year. Lord Nash and the Secretary of State will make the decision in due course.

My hon. Friend also talked about the need to improve standards and quality in the skills system. I strongly endorse that point. Last month’s report by the OECD, comparing skills levels across the whole developed world, was a stark reminder of how much more we need to do. We—England and Northern Ireland—were the only country in which the skill level in maths and English of our 15 to 25-year-olds was no higher than that of our 55 to 65-year-olds. In the long-running debate about whether more exam passes mean better education, that is extremely strong independent evidence that we have to stop that flatlining and start improving our standards, because every other country in the developed world is doing that. That is hugely motivating in the task of driving up standards, especially when youth unemployment is far too high, although thankfully it is now falling. At the same time, there are increasing skills shortages, some of which my hon. Friend mentioned.

We have introduced faster and more robust intervention processes for failing colleges and we driven up the quality of provision through a new and more rigorous Ofsted inspection framework. We are reforming qualifications so that we fund only those that employers sign off. I do not know whether my hon. Friend has managed to read Nigel Whitehead’s report, but its recommendations are sensible and are about driving rigour and responsiveness through the adult qualifications system.

That brings me to the proposal by the north-east LEP. My hon. Friend mentioned that it is one of three LEPs through which we are piloting a new mechanism to ensure that there is local influence over the use of the skills system. He said that he was thrilled that the north-east LEP was chosen for the pilot. I would go further: the north-east LEP invented the idea and brought it to us. We were impressed by it, and two other LEPs came on board to ensure that the mechanism was piloted in more than one area. The north-east LEP is not only a leader on piloting; it is a thought leader on how we can ensure that the skills system is responsive to local need.

My hon. Friend asked for details on how the proposal will work. The proposal is that 5% of funding for all adult provision outside apprenticeships will be allocated if, and only if, the provision is in line with LEP priorities. The LEP will have sign-off. Rather than giving 5% of the funding to the LEP, we have instead said that the LEP will have the final say over what is essentially a quality payment—the final 5% of all adult skills funding outside apprenticeships. That will ensure that the whole provision is targeted at LEPs’ needs. There is good

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collaboration in the north-east between the LEP and colleges, and the proposal will help to incentivise education providers to look to the strategic needs of business—not only directly but through the LEP—and ensure that the LEP focuses on that. Our job is to ensure that there is enough flexibility in the funding system to allow providers to switch provision according to the needs of local private or public sector employers. That will ensure that the system is filling skills shortages.

In the past, when there have been shortages of training in one area, people have come to the Minister and said, “There is a shortage in this area. Can you fix it?” There is one thing I know for sure, and that is that I do not and cannot know, through a central bureaucracy, the skills needs of every area. It is far better to try to make the system responsive to local need, instead of trying to direct solutions to skills shortages from Whitehall. The proposal is about making it easier for colleges to respond to the needs of employers.

The proposal is also about providing capital for skills provision. Capital funding will follow LEP priorities from 2015-16. Very recently, the Secretary of State for Business, Innovation and Skills announced that we would be financing a further £330 million of skills capital in 2016-17, which provides the long planning horizons that many crave. Those horizons have been too short term in the past.

I pay tribute to the work of all those involved in getting the pilot with the north-east LEP up and running as a policy. It will hit the ground running from September 2014. That policy is part of a broader attempt at making the skills system more responsive to employers. I mentioned that it does not cover apprenticeship funding, which is because we have a broader set of reforms on how apprenticeships are funded to ensure that funding is directly responsive to employers’ needs. We will be working through employers. The taxpayer rightly pays a subsidy towards apprenticeships, because if someone is in an apprenticeship, they are not only doing the job but learning. Apprenticeships benefit the employer, the apprentice and wider society. Recognising that, the taxpayer subsidises apprenticeships. We are changing how they are delivered so that the employer has more of a say over what training happens within an apprenticeship. That will ensure that the training fits the needs of the apprentices and the employer, which will drive up standards.

My hon. Friend quoted the views of a local site manager and talked about spreading the word on the benefits of apprenticeships. As the Minister responsible, I could not agree more. It is just as competitive to secure an apprenticeship at a top employer, such as Rolls-Royce or BT, as it is to get into Oxford or Harvard.

Ian Lavery: Does the Minister, like me, welcome the announcement by Northumberland county council earlier this week that it has an ambition to double the number of apprentices linked to the council? It is looking to employ 360 apprentices directly with the council. Some 23 apprenticeships will be immediately created, adding to the total of 134 already on the council’s books already.

Matthew Hancock: I had not heard that, but at face value that sounds absolutely terrific. We have a goal of making it a norm in this country that every young

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person who leaves school goes to university or into an apprenticeship. Rather than trying to push them one way or the other, we want to ensure that there are good choices available on either side. Increasingly, employers, whether private or public sector—including Northumberland county council—are introducing an apprenticeship stream in addition to a graduate scheme. The civil service has just brought in an apprenticeship fast stream to match its graduate fast stream. This week, MI5 and MI6 announced that they are introducing an apprenticeship scheme in addition to their more traditional graduate recruitment. That is happening across different businesses and different parts of government. Someone can now become an apprentice spy, which is interesting, although MI5 and MI6 have not yet told me all the details that someone would learn.

We have an ambition, but we will only be able to persuade people that it is the right ambition so long as we continue to drive up the quality of apprenticeships. The very best apprenticeships are world class, but we have to ensure that quality goes up across the board. We have brought in some tough measures to increase quality by ensuring that all apprenticeships last a minimum of a year, that the English and maths requirements are stronger and that there is actually a job. In the past, some apprenticeships happened without a job attached. Those measures have meant that we have had to remove some low-quality provision. In the medium to long term, that is undoubtedly worth it and will ensure that the apprenticeship brand remains strong.

I agree strongly with the point that several hon. Members have made, including my hon. Friend the Member for Stockton South (James Wharton), that apprenticeships need to reflect the whole economy. The old industries in which apprenticeships were strong, such as engineering and manufacturing, are important, but it is also important that apprenticeships cover the whole economy as it is today. They should include professional services and computing, for instance, in a way that they did not in the past.

The north-east LEP is one of our thought leaders, and we listen carefully to its suggestions. I am watching the pilot’s progress closely to see whether it should be spread more broadly. There is no stronger advocate for the passion with which the north-east is coming together to deliver on skills training and ensure that everyone reaches their potential than my hon. Friend the Member for Hexham, although my hon. Friend the Member for Stockton South and all the other hon. Members who have spoken in this debate are strong advocates, too.

11.29 am

Sitting suspended.

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Tuberculosis

[Jim Dobbin in the Chair]

2.30 pm

Nic Dakin (Scunthorpe) (Lab): Let me start in the past. In 1821, Maria Brontë died of consumption. Two of her daughters died of the disease in infancy and her four older children—Bramwell and his famous sisters, Anne, Emily and Charlotte—also died of it. According to the history books, they became

“ill from dampness and terrible living conditions”.

Consumption, or tuberculosis, is a disease that many people believe belongs to the past. Nothing could be further from the truth. TB kills more people in the world today than any other infectious disease. Every day, 3,800 people die from it. Sunday is world AIDS day, so it is worth remembering that TB is the leading killer of people living with HIV. At least one third of the 35.3 million people living with HIV worldwide are infected with latent TB. People co-infected with TB and HIV are about 30 times more likely to develop active TB disease than people without HIV. Given the devastating synergy that exists between the two infections and the impact that they have on people living in the developing world, it is absolutely vital that resources are stepped up now so that we not only effectively tackle TB-HIV co-infection but ensure that the health-related millennium development goals are achieved. The Department for International Development is about to launch its policy review paper on HIV/AIDS. I hope that it will make clear the importance of linking the approaches to TB and HIV, and that it will have clear commitments to tackle those diseases.

In the UK, we can be tempted to believe that TB no longer poses a threat to public health. There is a widespread belief that the BCG vaccine is effective and that today TB only affects other countries. However, in a connected world of global travel, TB is never far away. That came home to me forcibly when an English student returned from foreign travel with the disease and subsequently infected other students attending the college of which I was principal. Students and staff found dealing with the anti-TB drugs to be an ordeal. For a standard, non-drug-resistant case, the treatment regime can require a six-month course of a cocktail of four drugs. Those “front-line” drugs are more than 40 years old now and have unpleasant side-effects. It was a challenge for me as college principal, working with the local NHS, to get people to take the drugs they had to take. It must be an even bigger challenge to help patients in the developing world who not have access to the type of care and support offered by the NHS.

The stigma attached to the disease here was a barrier to patients accessing treatment. In sub-Saharan Africa, the stigma is even greater. Dr Simon Blankley, a Voluntary Services Overseas chest physician working in Uganda, reported that patients could often be locked away in cupboards or forced to leave their villages, and that health care workers were worried for their own health when TB patients were admitted to wards. TB needs to be tackled in a sustainable way that reassures people and builds community resilience. Dr Blankley was able to use a team of VSO volunteers to provide education and reassurance, and to get TB patients in and around

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Kampala to complete their eight-month course of treatment. The team’s work drastically increased completion rates. He then expanded the work, adding work on TB to the community health education that was already in place. That sustainable approach can be replicated elsewhere.

Dr Mario Raviglione, director of the global TB programme at the World Health Organisation, said just last month, when he launched the WHO’s global TB report in partnership with the all-party group on global tuberculosis, that

“at the current rate of progress, we will not be rid of TB for over a century.”

The efforts of the global health fund and its partners have made fantastic progress against TB, HIV and malaria, and the Government are to be applauded for their recent pledge of up to £l billion for the fund. However, we need absolute urgency, unremitting determination and co-ordinated effort to tackle TB.

Andrew George (St Ives) (LD): I congratulate the hon. Gentleman on securing this debate. I also warmly applaud the Government on the contribution and the commitment that they have made to the global health fund, which continues the work of the previous Government.

The hon. Gentleman mentioned the HIV position paper, which in fact was published only moments ago. He may be disappointed to note that the Government appear not to be putting quite as much emphasis on ensuring that they make the connection between HIV and TB. Will he insist that the Government continue a commitment to TB REACH and other programmes that address that serious problem?

Jim Dobbin (in the Chair): Order. I suggest that when we have interventions, they are short.

Nic Dakin: Thank you, Mr Dobbin, and I thank the hon. Gentleman for his contribution. I am sure that the Minister will reflect on his point when he responds to the debate. It reinforces the point that I made earlier about the importance of the Government taking the opportunity to co-ordinate their efforts in relation to both HIV and TB, and the Minister will have heard those points.

Mr Peter Hain (Neath) (Lab): Is my hon. Friend aware that 750,000 TB cases—the most lethal ones—come from South Africa’s gold mines, and contribute 9% of the global total of TB cases, which are often linked to HIV? If so, does he agree that it is vital for the British Government to talk to British-owned companies that are mining gold in South Africa to try to resolve that terrible epidemic?

Nic Dakin: I thank my right hon. Friend for that intervention. He is absolutely right that the Government have a leadership role to play both globally and in relation to British companies involved in South Africa and elsewhere. I am sure that the Minister will also pick up on that point when he responds to the debate.

Dr Raviglione said that it would take more than a century to get rid of TB. Waiting a hundred years to get rid of this disease is just not good enough. Dr Raviglione

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also drew attention to the shameful fact that one in every three TB cases on the planet is not properly diagnosed or treated, which equates to 3 million people every year going undiagnosed, the majority of whom will have infectious pulmonary TB. Many of them are estimated to have drug-resistant strains. That is 3 million people a year going undiagnosed for the past six years—that is not good enough, either. Until everyone in the world with TB is diagnosed and correctly treated, we will never succeed in bringing the global TB epidemic under control and it will continue to blight our world, ruining millions of lives every year.

TB has killed more people than every other pandemic in history combined, by a margin of several hundred million. It is a global disease of the here and now. It affects every country, and every country must have a role to play in tackling it. It requires global leadership from our Government and every other Government. Tackling it requires support and investment through multilateral organisations such as the global health fund, as well as through targeted interventions. We need important technical and co-ordinating agencies, such as the WHO’s global TB programme and the Stop TB Partnership, to work together to enhance co-operation and cohesion across the world’s responses to TB. We need the brightest and the best of the scientific and business communities to work with high-burden countries, in order to step up the fight against this disease and save as many lives as possible.

Consumption, or TB, is a disease of the present. It is a scourge on our humanity and deserves the full force of all our efforts. Although new tools to tackle HIV and TB are badly needed, if we scale up the use of the tools that are already available we have the opportunity to save an additional million lives in the next few years.

I hope that the Minister, when he responds to the debate, will take the opportunity to reaffirm the Government’s commitment to ensuring full replenishment of the global health fund; to continuing to fund TB REACH to a level that allows it to carry on supporting new and innovative projects to find “the missing 3 million”; and to continuing to push for the development and uptake of better diagnosis, treatment and prevention treatments for TB, in a way that can be sustainable.

Finally, let us recognise the work done by all those people across the globe on the front line of the fight against this terrible disease. Their effort is a call to arms for us and a call for us, as policy makers, to step up to the mark and provide them with the tools and the wherewithal to eradicate TB and place it firmly in the past.

2.40 pm

Nick Herbert (Arundel and South Downs) (Con): I congratulate the hon. Member for Scunthorpe (Nic Dakin) on securing this debate. I am delighted to be taking part in it, particularly as I have resumed the co-chairmanship of the all-party group on global tuberculosis, now that I am free to do so. It is, quite properly, a cross-party co-chairmanship, which reflects growing concern in the House about what is often a “Cinderella” disease—one that is not talked about as much as some other diseases that are still claiming lives today.

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We are, properly, concerned about the terrible tragedy in the Philippines and the loss of thousands of lives and we are, properly, marking world AIDS day on Sunday and the millions of lives that have been claimed by that disease. There is a strong overlap, as the hon. Gentleman pointed out, between HIV and tuberculosis, which many still believe is essentially a disease of the past. Indeed, before I became involved in this movement, I thought so too. In the 19th century, tuberculosis—consumption—was regarded sometimes even as a romantic disease, as featured in many operas of that era, yet one in four people in Europe were dying of consumption at that time. It was only with the advent of modern medicine—antibiotics—and the west’s attack on poverty in the late 19th and early 20th century that the disease was brought under control.

There are some sobering observations to make about the rate at which TB—which, as the hon. Gentleman said, has now resurged here, as a disease of the present—is being tackled, compared with the rate at which the west dealt with it in that era. At the current level of progress that the west in making in dealing with a disease that is still claiming 1.3 million lives a year—unnecessarily, because in the main it is easily and cheaply curable—we will have to rapidly step up the efforts that are being made, because the incidence of this disease is currently declining by 2% a year. If we continue at this rate, it will take more than a whole lifetime—a whole generation—and it will be more than 100 years before we tackle this disease properly and get it under control. That will mean that millions of lives will needlessly be lost.

On top of that, there is a growing threat—one that now amounts to a serious issue for this country as well—of drug-resistant TB, the emergence of which is entirely a reflection of the ancient way in which we treat this disease. Were it not for the fact that people with TB require lengthy treatment with antibiotics, because the drug regimens are old-fashioned and no new drugs have been developed, and were it not for the prevalence of counterfeit drugs and the inadequacy of health regimes, drug-resistant TB might not have developed with such ferocity. However, it is now a serious matter of concern, and not just in developing countries, where people unlucky enough to be diagnosed with drug-resistant TB—and few are—almost always face a death sentence. Acquiring drug-resistant TB in a developed country with an advanced health system would still require an expensive and extremely painful course of treatment over months and years.

Mr Gregory Campbell (East Londonderry) (DUP): While the right hon. Gentleman is elaborating on the complications that follow diagnosis, does he agree that there is a shocking compounding of the problem worldwide, because in some countries lung cancer is being diagnosed to a considerable degree in people who are subsequently diagnosed with TB?

Nick Herbert: The hon. Gentleman raises an interesting point. The starting position has been that we need the means to diagnose this disease.

Let us face up to the fact that if the resurgence of this disease had been in the west, it would already have been tackled by now. The pharmaceutical companies would have had a commercial interest in developing better diagnostics and tools, better drugs and, indeed, a vaccine. Another common misconception is that a vaccine is

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available to deal with TB, but only the BCG vaccine exists, and that is generally ineffective for most forms of TB and works for children for a limited time. Had this disease resurged in the west, by now we would already have these things, but we do not, because the drug companies did not have a commercial interest in developing them, essentially because the disease was found in developing countries without the economies or the wherewithal to pay for these new tools.

There can be no better example of the necessity for intervention by wealthy western Governments, who have the resources to ensure that such a disease can be tackled, not just in the interests of ensuring that lives can be saved—there is a profound moral reason to tackle this anyway—but in the west’s interests in securing the economic development of high-burden countries that are afflicted with this disease, which is a tremendous brake on economic development. Of course, TB is a disease that knows no borders, and with migration, and so on, we face the prospect of it resurging in our country. We have higher rates of TB in this country now—although they are low by comparison with high-burden countries in the rest of the world—than in the rest of Europe. We have failed to reduce rates in the past 10 years, as compared with the United States, for example, which has got on top of the problem. This is a pressing public health issue in this country.

There are lots of reasons for western Governments to be concerned about this issue. Therefore, I strongly endorse what my hon. Friend the Member for St Ives (Andrew George) said about the UK Government’s recent commitment, which has not been sufficiently noticed, to replenish the global health fund. That is a fantastic commitment, not just because of the absolute sums pledged to the global health fund—which is an effective means of tackling TB and is responsible for 80% of the funding for TB programmes across the world—but because it sends a powerful message, ahead of the replenishment summit next Monday, to other potential donor countries about the value of stepping up our efforts at this time.

The west faces a choice. We have the opportunity, with the potential emergence of new treatments, diagnostics, and so on, to get on top of this disease. If we relax our efforts and fall victim to the idea that, at a time of austerity, the west might pull back from some commitments that it is making, our efforts to tackle TB would go into reverse. This is an important moment to step up to the plate. Britain has done so admirably. I commend the work of the Secretary of State for International Development and Ministers in making that commitment, and I encourage other countries to do the same.

Andrew George: Again, I congratulate the Government on their efforts regarding the global health fund, which sets the tone, but is my right hon. Friend and co-chair of the all-party group aware that just before this debate the Government published the HIV position paper, which appears to suggest that the UK’s contribution to eradicating TB can largely be delivered through the global health fund, whereas for HIV it can also be delivered by a significant strategy pursued by the Department?

Nick Herbert: I hope the Minister has noted my hon. Friend’s point, because TB control programmes rely on funding from the global health fund. We need to send

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that message to the global health fund as it determines resource allocations and to other countries as they consider replenishing their support.

My final point is that although the Government’s support for the global health fund is welcome, it is important to understand that that is not the only thing we need to do if we are to get on top of TB globally. Setting aside the action that needs to be taken domestically—Health Ministers are making progress on what needs to be done through a TB control programme—we cannot rely on the generous commitment to the global health fund for the international effort that is needed.

I want to raise the cause of an important programme run by the Stop TB Partnership called TB REACH, which addresses the problem of the missing 3 million cases to which the hon. Member for Scunthorpe referred. Until we find those who are affected by TB, we have no chance of treating them or getting hold of the disease. The power of TB REACH is that it funds innovative programmes on the ground that are finding new ways to go out and identify the missing 3 million cases. TB REACH has been robustly evaluated and shown to deliver value for money. It is relatively cost-effective, but its funding is coming to an end. TB REACH was largely set up with funding from the Canadian Government and now does not have sufficient funding to identify all the necessary cases. TB REACH has helped to identify some 500,000 cases in the past year, and it needs to do more. If we are serious about the level of the challenge we face, it would be worth while for the Government to seriously consider contributing to the ongoing work of TB REACH to ensure that the programme can survive.

Mr Kevin Barron (Rother Valley) (Lab): Earlier this year I was a member of the parliamentary delegation that visited TB REACH in Awasa, in Ethiopia. TB REACH is doing outstanding work to find those missing people. I concur with the right hon. Gentleman and add my support. Hopefully the Government can find money to put into TB REACH, as it is not funded through the global health fund.

Nick Herbert: I am grateful to the right hon. Gentleman, because that is precisely the point I am trying to make. I understand that TB REACH has helped to identify some 750,000 cases of TB and prevent those people from becoming infectious, as they would otherwise have continued to infect others.

The budget of TB REACH is relatively small. It is asking for $40 million a year. In the overall scale of the interventions that the west is now making to control the major diseases of HIV, malaria and TB, the funding is relatively small, although obviously it is not insignificant. The programme is worth while; I therefore ask the Minister to address that point. I have just written to the Secretary of State for International Development and hope to meet her to discuss TB REACH at this important moment, as the programme’s future is being considered.

I am grateful to the Government and to hon. Members on both sides of the House for the interest they have shown in TB. A few years ago, very little interest was shown in the disease, despite the huge interest shown in other international development issues. That has changed. I believe that the work of the all-party group has

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helped, as have the many non-governmental organisations that are supporting us—in particular, Results UK has played an important role in raising the profile of TB. We have a moral imperative to tackle the disease, and doing so is within our reach. It is now essential that we step up the efforts to ensure that it is not another 100 years before we beat a disease that the west once thought it had beaten.

Several hon. Members rose

Jim Dobbin (in the Chair): Order. We have five speakers left, and I intend to call the shadow Minister at 3.40 pm.

2.54 pm

Grahame M. Morris (Easington) (Lab): It is a pleasure to serve under your chairmanship, Mr Dobbin.

In the last three Westminster Hall debates that I have attended—on the privatisation of the east coast main line, the privatisation of blood products laboratories and free schools—I have found myself at loggerheads with Government Members. Unusually, however, today I find myself nodding in agreement with the excellent contribution of the right hon. Member for Arundel and South Downs (Nick Herbert). I pay tribute to my hon. Friend the Member for Scunthorpe (Nic Dakin) for securing this timely, important and significant debate.

I echo the right hon. Member for Arundel and South Downs in paying tribute to the work of the all-party group on global tuberculosis and its members and officers, including the hon. Member for St Ives (Andrew George), who has been an absolute stalwart of the group for a number of years.

I will concentrate on one aspect of this terrible condition that is close to my heart. As Members know, I have the pleasure of representing Easington in east Durham. Easington is a coal mining constituency with a long and distinguished history as one of the great heartlands of the north-east coalfields. I thought it would be poignant in this debate to reflect on why our pits were closed and why Britain now imports more than two thirds of the coal burned in our power stations, when once we imported none.

The UK coal industry was modern, efficient and very health conscious. My right hon. Friend the Member for Neath (Mr Hain) spoke about the incidence of TB among South African miners, which is relevant. I have just come from the annual general meeting of the all-party group on coalfield communities, where we talked about the problems that we face in coal mining communities, the physical legacy of pollution and the ill health associated with mining. That is another reason why this debate is close to my heart.

Although, by its very nature, mining will never be completely safe—it is an extractive process—our mines were about as safe as they could be, and the health, safety and well-being of miners was paramount. There are those who would argue that that drove up costs.

Today, much of the world’s coal production has been offshored and outsourced to countries where health and safety standards are minimal and labour is cheap. There is still blood on the coal, but nowadays it is more likely to be the blood of miners in Colombia, China or South Africa. The price of the irresponsible pursuit of profit and cheap labour is the health and safety of mineworkers worldwide.

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Mining is one of the biggest employers of men in South Africa. Tens of thousands of those miners are migrant workers, from neighbouring countries such as Mozambique, Lesotho and Swaziland, who work and live in crowded townships in mining areas. As has been said, diseases such as malaria, TB and HIV/AIDS are rife. South Africa’s mining industry has been the subject of intense international and national media scrutiny due to the recent industrial unrest. Members will be aware of the appalling shooting of striking miners by armed police in scenes reminiscent of the worst days of apartheid. Mining is one of the driving forces of the South African economy; it contributes some 20% of the country’s gross domestic product and is a major employer.

What has not been subject to the same degree of media attention is the devastation caused to miners and their families by TB. The disease remains the leading cause of death in South Africa today. One third of all cases in sub-Saharan Africa have a link to the mines. TB is an airborne disease, spreading through the air when people who have it cough or sneeze, and it is often fatal if left untreated. Rates of TB among South African mineworkers are estimated to be as high as 7,000 per 100,000. That huge figure is 28 times the World Health Organisation’s definition of a health emergency and is the highest such figure in the world.

As we have heard, TB is closely linked to HIV, which is also a challenge in the mines. It is estimated that people with HIV are 21 to 34 times more likely to develop active TB. As we approach world AIDS day, it is important to reflect on that and on the interactions between the two. Such high HIV infection rates, coupled with cramped living conditions and exposure to silica dust, which damages miners’ lungs, creates a perfect breeding ground for the disease. The effects are devastating not only for the families of the many miners who die from TB, but also for communities, companies and Governments.

From a commercial point of view, the disease dents productivity—the issues I am raising are relevant to the British mining companies involved in South Africa—puts a drain on health budgets and spreads far into the rural areas that miners migrate from. Migration also means that the problem is not exclusive to South Africa, which is one reason why sub-Saharan Africa is not on track to meet the target of reducing deaths from TB by half by the expiration of the United Nations millennium development goals in 2015.

Jim Shannon (Strangford) (DUP): I apologise for not being here earlier; I had other business and could not get here any quicker.

The hon. Gentleman mentioned world figures for TB, but the exact number of TB sufferers is not known and many of them cannot be found. How does he think we can best address that problem?

Grahame M. Morris: I am grateful to the hon. Gentleman for that relevant point. An estimated 3 million people with TB in southern Africa have not been reached, but programmes, such as TB REACH and those supported by the Department for International Development, exist to identify those people and to secure treatment for them. My point is about the incidence of known TB among miners in South Africa.

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TB is curable with drugs, and the costs are relatively modest. Spending £15 a person should be easily affordable. Global underinvestment and indifference mean that the disease killed an estimated 1.3 million people globally in 2012. The failure to deal decisively with TB has allowed drug-resistant strains of the airborne disease to develop, which are much more difficult and significantly more expensive to treat.

Earlier this year, members of the all-party parliamentary group on global tuberculosis, including me, met the Secretary of State for International Development. I want to echo the words of Government Members and compliment the Minister and the Secretary of State for their commitment on this issue. We met them to put TB at the forefront of their dealings with major Anglo-American mining interests, particularly in the gold mining industry, which has a high incidence of TB as well as high rates of HIV. As my right hon. Friend the Member for Neath mentioned, an estimated 750,000 cases—I had to check that incredible figure, as I thought it was a printing error—of TB each year, 9% of the global total, come from South Africa’s gold mines.

Colleagues who represent former British mining communities, such as my right hon. Friend the Member for Rother Valley (Mr Barron), and I are determined to push the battle against TB up the political agenda here in the UK. Along with the South African mining unions, I want to see the British Government make the British mining companies involved in South Africa sign up to a new protocol launched by the South African Department of Health. That would help ensure that mining companies abide by a legal framework governing the treatment and compensation of occupational TB.

In the past, too many stricken miners simply returned to their towns and villages to die lingering and often painful deaths. In the 21st century, it simply cannot be acceptable that mining companies, or any other employers, should systematically endanger the health of their workers. Rates of TB in the mines have been estimated at 28 times the World Health Organisation’s definition of a health emergency. This is a global health emergency. We need Governments, employers and drug companies to act accordingly.

People do not have to live in a mining constituency to know that keeping the lights on should not come at the expense of the health and lives of South African miners and their families, or those in any other countries. That is simply wrong. Global mining operations headquartered in the UK must accept their social, moral and ethical obligations to address the issue as a matter of urgency.

3.5 pm

Annette Brooke (Mid Dorset and North Poole) (LD): It is a pleasure to serve under your chairmanship, Mr Dobbin. I congratulate the hon. Member for Scunthorpe (Nic Dakin) on securing the debate. Discussing the link between tuberculosis and HIV/AIDS is particularly pertinent given our proximity to world AIDS day.

I would like primarily to focus on the need to ensure the consistent global provision of cheap, effective, high-quality drugs. I also want briefly to reflect on the past in a slightly different way from other hon. Members. More than 50 years ago, I actually caught TB, just while I was waiting for my BCG vaccination. If the timing had been otherwise, my life would obviously have been rather

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different. It is important to reflect on the fact that the BCG vaccination is over 90 years old, and it seems incredible that we do not yet have an effective vaccination. I really want to stress that aspect of the problem today.

I was in the sanatorium for seven months and can still remember the awful drugs, which I think are exactly the same as those given today. Day after day, I received injections and the most appalling tasting medicine. To make things slightly better for us young teenagers, we were given a book to read about how TB was treated in this country at the beginning of the 20th century, which was also pretty awful. Things moved on pretty quickly from the time when I was ill, however, and it was not long before the sanatorium was closed down and TB stamped out. That experience drives my interest in tackling worldwide TB.

It seems incredible that, as we have heard, an estimated 1.3 million people died from TB last year. It is most distressing to think that we are still relying on the same drugs for standard TB. We need rapid developments across the range of drugs. As has been mentioned, drug-resistant TB and extreme drug resistant TB also exist, both of which require a cocktail of drugs with horrendous side effects. The duration and difficulty of treatment represents a major challenge to patients completing treatment and therefore being fully cured. I was fortunate enough to go on a trip with the organisation Results UK to a village in Rwanda to meet patients who could not afford the transport to access the slightly more advanced drugs. There is so much more to be done.

We must also look at diagnosis. For the most part, just as when I had TB, the diagnosis is through sputum smear microscopy, which can take months, does not detect drug resistance and is ineffective at diagnosing TB in children and among HIV-positive patients. A new machine, GeneXpert, can detect some forms of drug resistance and can provide an accurate result in two hours. It has been approved by the WHO and rolled out across the world, but it is heavily dependent on local infrastructure. A point-of-care, cheap, easy-to-use diagnostic remains absolutely vital to achieving the quick diagnosis required to reduce transmission.

I, too, congratulate DFID and the Government on making a real commitment to UK aid overseas and, in particular, on topping up the global fund. However, what we are really saying, beyond congratulating the Government, is that much more needs to be done. Every year, 3 million TB patients globally are not officially treated, so we need other countries to add to the contribution we are making. We need to support important programmes such as TB REACH, which other Members have mentioned. We need the maximum provision of high-quality drugs at affordable prices. The Government must use their connections at the highest level to encourage countries to take a harder line on the quality control of drugs.

Global drug provision remains a challenge. The UK needs to increase the number of countries engaged in pooled procurement programmes such as the Global Drug Facility. That will increase demand and draw together a fragmented market, thus helping to ensure a more economically appealing market for manufacturers and suppliers.

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Poor health is a driver and a consequence of poverty; we can look back at our history and see that, and we see it today worldwide. The Prime Minister co-chaired a UN high-level panel on the post-2015 framework, which reported earlier this year. Its report revealed that TB case finding and treatment was the most cost-effective intervention measured, returning £30 for every £1 spent. With its record, the UK is in a unique position that enables it to continue giving leadership and to do much more to tackle this big global problem.

3.11 pm

Mr Kevin Barron (Rother Valley) (Lab): I congratulate my hon. Friend the Member for Scunthorpe (Nic Dakin) on applying for and securing the debate. We have heard some of the dreadful statistics on TB throughout the world, and I want to spend a few minutes looking in detail at the cost of treating TB when it has not been caught first time round.

Last year, there were an estimated 450,000 cases of multi-drug-resistant TB. It is believed that 10% of those involve extensively drug-resistant TB and are, effectively, impossible to treat. Drug resistance is really a man-made problem resulting from the misuse of anti-TB drugs and the poor management of the disease. Drug-resistant TB can be passed from person to person in the same way as TB that is not drug-resistant. Clearly, early and rapid diagnosis and treatment completion are essential to control TB. As many Members, including my hon. Friend the Member for Scunthorpe, have said, TB is the leading killer of people living with HIV/AIDS and accounts for one in five AIDS-related deaths.

Drug-resistant TB develops primarily because it is treated with a number of drugs taken over six to nine months. If medication is taken incorrectly or stopped prematurely, the TB bacteria can re-emerge and become resistant to the drugs used to treat TB. That sometimes happens because of the provision of substandard drugs, because patients do not complete their treatment or because the drugs are available only intermittently.

Multi-drug-resistant TB is a form of TB that does not respond to the standard treatment using first-line drugs and that is extremely difficult and expensive to treat. As I suggested earlier, extensively drug-resistant TB occurs when resistance to second-line drugs develops on top of multi-drug resistance. Drug-resistant TB can take two years or more to treat with drugs that are less potent, more toxic and much more expensive than those used to treat a standard case of TB. The drugs are toxic and are commonly associated with severe side effects, of which permanent deafness is the most common. Almost all of them have limited effectiveness, and most are more than 40 years old, as the hon. Member for Mid Dorset and North Poole (Annette Brooke) said. Fewer than 50% of multi-drug-resistant TB cases are successfully treated and considered cured.

On costs, multi-drug-resistant TB can be up to 450 times as expensive to treat as a standard case of TB. In all 27 high-burden multi-drug-resistant TB countries, the treatment cost is greater than the annual average income. If multi-drug-resistant TB is not correctly treated and develops into extensively drug-resistant TB, the chances of someone being successfully cured are less than one in 10. The world needs to recognise that. Extensively drug-resistant TB patients are practically

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impossible to treat, but they often remain infectious and capable of transmitting the disease to others. That scenario is often described as a time bomb.

Jim Shannon: Everyone is aware of the high prices of the normal drugs, but a number of countries—India is one—can produce similar, effective drugs more cheaply. Should we source those similar, cheaper drugs to help spread the cost?

Mr Barron: I am sure that is the case; indeed, the global fund does do that. However, that does not prevent the supply of drugs, even if they are affordable in part, from becoming intermittent. As a consequence, we end up with the more extreme cases of TB.

The UK Government have played a leading role in the response to TB globally, investing in research and development on new tools to tackle TB, supporting efforts to increase the profile of the disease through the Stop TB Partnership and supporting key institutions such as the global fund, which accounts for more than 80% of donor funding to tackle TB in developing countries.

I mentioned in an intervention that I visited Ethiopia earlier this year. I went there with Results UK in the February recess, along with the hon. Member for South Derbyshire (Heather Wheeler), my hon. Friend the Member for Workington (Sir Tony Cunningham) and two Members of the other place. In Addis Ababa, we visited St Peter’s hospital, which is Ethiopia’s national TB referral hospital. With support from the global fund, St Peter’s provides care for TB referral cases and patients with multi-drug-resistant tuberculosis. It also provides care and treatment to people living with HIV/AIDS, which is of course closely linked to TB.

The hospital demonstrated that, with proper funding, low-income countries can use minimal resources efficiently and effectively to respond to the threat of drug-resistant TB. As I said in my intervention on the right hon. Member for Arundel and South Downs (Nick Herbert), we also visited Awasa and looked at the great work TB REACH was doing there to find the missing 3 million cases.

While we were in Ethiopia, we did not look just at TB, although that was our primary aim. We also looked at Ethiopia’s strong planning and innovative response to its human resource crisis. It is using its health extension programme, which quite a lot of our money has gone into developing. Funding to support such successful interventions has been provided by key multilateral organisations, including the global fund and TB REACH. I reiterate that, in addition to what they have done already, the UK Government have put £1 billion over three years into the global fund, and they are much to be credited for that.

Finally, I have travelled the Commonwealth on many occasions over the years. When we were out in Addis Ababa, we had a meeting with DFID—I say this because the Minister is here—and it was one of the most positive meetings I have ever had. The DFID people knew exactly where global fund money and our taxpayers’ money was going: to help people in dire need of an improvement in their health, as well as in their quality of life, through water supplies and things like that. We

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always hear negative views about what happens to taxpayers’ money when it goes to the developing world, so it is worth putting on record that that was the most positive experience I have had since becoming a Member of the House.

3.19 pm

Stephen Mosley (City of Chester) (Con): I congratulate the hon. Member for Scunthorpe (Nic Dakin) on securing this debate on tuberculosis, a disease that 8.6 million people catch, and of which 1.3 million people die, every year. It is a huge issue.

I was fortunate enough to join the Results UK delegation to Zambia last year, when we examined the link between HIV and TB. We visited Lusaka central prison. I do not know whether you have ever been to a prison in central Africa, Mr Dobbin, but, a couple of months before we attended, the vice-president of Zambia, Guy Scott, visited another prison and described it as hell on earth. I must say I have never been anywhere like Lusaka central prison. It was shocking.

The prison was built by the colonial authorities in the 1920s to house between 180 and 200 prisoners. Now it houses almost 2,000. We were taken to cells no bigger than my bedroom at home. They were designed to sleep between six and 10 people, but now there are 80 to 100 prisoners locked in those rooms for up to 14 hours a day. I looked at the room and wondered how they even fitted so many people in it. Apparently the sleeping arrangement is to line up 12 people against the wall, who crouch down with their backs to it. They sit down and open their legs and the next 10 or 12 come and lie between their legs, and so on, to cram them into all the available space. Mattresses and blankets are completely lacking. The toilet facilities are completely inadequate for the number of prisoners, and an open drain or sewer, containing a disgusting-looking brown liquid, runs through the middle of the courtyard. Medical facilities are lacking—the site has no health clinic and sick prisoners lack medicine—and so is food. There is one basic meal a day, which is completely lacking in protein. It is fair to say that the conditions in the prison are not conducive to general health.

Catching TB should not be part of someone’s prison sentence, but in that prison it was. At one stage the TB infection rate was almost 100%. TB is one of the fastest-growing epidemics in sub-Saharan Africa’s prison populations. It presents a threat not only to the inmates but to the wider population, because the prisons act as a reservoir for TB. It gets into the wider community through visiting, staff visits and the fact that prisoners who leave have been inadequately treated. TB does not respect prison walls.

There was a bright spot to the visit. We were taken to the prison by the commissioner of prison services, who was very open, and keen for us to see the reality. Several hon. Members have mentioned TB REACH, and we were shown a project that it had set up in the prison together with the Centre for Infectious Disease Research in Zambia. That programme included TB and HIV screening, treatment, and the introduction of isolation cells for prisoners with multiple drug-resistant TB. A prisoners’ drama group had been organised to teach prisoners to look for the signs of TB and understand how important it is for those with the disease to make

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people aware of it and get the required treatment. The programme was massively successful. The TB infection rate was down to 30%. That is still huge, but it is an awful lot better than it had been a year before.

Early diagnosis and treatment are essential for the control of TB. As we saw in Zambia, TB REACH runs pretty much the only mechanism designed to target and treat the 3 million missing TB victims we have heard about. One of its advantages is that it can react very quickly. It can provide fast-track funding for projects, to get them up and running quickly—often within six months. It is also willing to fund new and innovative approaches. That is important, because organisations such as the Global Fund to Fight AIDS, Tuberculosis and Malaria will fund projects only if they have been proved successful. They will not finance new ideas or do experimental things to see whether they will work.

We need new approaches. Many places that we visited in Zambia—whether clinics, hospitals, or community groups—were in isolated communities. There is a need for new, mobile technology, and we need to roll out new diagnostic tests. That can happen only when testing and experimentation has been carried out, and when an organisation such as TB REACH is willing to provide funding. We saw that process in action when we visited Kanyama clinic, run by the Zambia AIDS Related Tuberculosis Project. Like my hon. Friend the Member for Mid Dorset and North Poole (Annette Brooke), we saw the GeneXpert machine in action.

For hon. Members who do not know what the GeneXpert machine is, the relevant website describes it as follows:

“The GeneXpert System automates and integrates sample preparation, nucleic acid amplification, and detection of the target sequence in simple or complex samples using real-time Polymerase Chain Reaction”.

In basic terms, it is a diagnostic tool that can diagnose TB much more accurately than the use of a microscope, as well as more quickly—often within two hours. It can detect TB in HIV-positive patients too. That of course is a massive advantage in rural clinics, because people can have the test and wait for the result. At the clinic, people from the community were encouraged to become involved as volunteers and to help people by talking them through the process, the results, and what the treatment would entail, and by going out into communities to ensure that they continued taking the treatment in the weeks ahead.

The GeneXpert machine works well in some environments, but it is not perfect. It can be difficult to use in isolated rural areas, because it requires a constant electricity supply, so on our visit we looked at how alternative energy supplies such as solar power could be used to power medical equipment in rural areas.

On our visits to Kanyama clinic and Lusaka central prison we saw at first hand the effect of TB REACH projects—improving TB diagnosis and providing fast treatment. However, as we have heard from my right hon. Friend the Member for Arundel and South Downs (Nick Herbert), the project is time-limited, and new funding is required now that its grant is coming to an end. There is concern about how some of the projects can be integrated into national health care systems. TB REACH grants are for short periods, to get a new

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technique into use in a locality. For permanent solutions it is necessary to integrate an approach into the relevant national health scheme, or to reach a position where it can be funded by the global health fund or donor countries will be willing to continue to support it.

As we have heard, the majority of the TB burden is concentrated in countries that often receive less donor funding. Whether it is the burden of drug-resistant TB in eastern Europe, TB in prisons in Zambia, or the epidemic, on an enormous scale, in India, domestic Governments must step up their own response. The UK has a unique opportunity to use its global leadership position to call on those Governments to increase their investment in the fight against TB, especially given our strong links to southern Africa and India, which account for the greatest part of the missing 3 million—the ones missed by their health systems. TB is a global disease on which the UK can have an impact.

The Minister and DFID have done a fantastic job and have made Britain a world leader in the battle against malaria. The UK Government should also use their position to become a global leader in the fight against TB, which is another of the top infectious disease killers. Global political commitment to that fight has so far been missing.

3.29 pm

Mr Virendra Sharma (Ealing, Southall) (Lab): It is a pleasure to serve under your chairmanship, Mr Dobbin; I thank you for giving me the time to speak in the debate. I congratulate my hon. Friend the Member for Scunthorpe (Nic Dakin) on securing the debate, which is close to my heart, as I am the co-chair of the all-party group on global tuberculosis. I also congratulate and thank the many agencies and non-governmental organisations that work in this field, which have helped to raise the issue and bring it to the top of the world agenda.

There is an urgent need to address TB worldwide, but we must not forget that it is still a big concern in the UK, where the rate of TB cases is the highest in western Europe, with 9,000 cases last year alone. My constituency has the second highest rate in the country—156.8 cases per 100,000 people, roughly six times higher than the UK average and equivalent to the rate in Tanzania. It is important to remember that TB is very much a public health threat in parts of the UK, and that it affects people’s health every day, often with long-lasting consequences.

One of the key barriers to treating and eliminating TB in this country is stigma. TB is an airborne, infectious disease, which is deemed incurable and is associated with poverty. Many people are reluctant to tell their families, partners and community when they have the disease, which means they are much less likely to be treated. In the UK, stigma is a barrier that prevents people from seeking treatment when they start to feel ill. It also makes it difficult for health workers to identify other people who might have been exposed, because patients are often reluctant to admit to the possibility of their having infected others.

We cannot afford to ignore TB. It needs to be prioritised and talked about so that people do not feel marginalised and ashamed. We need to ensure that they are aware that TB can be treated and that they seek treatment when they fall ill.

27 Nov 2013 : Column 117WH

We have a great health centre in Southall that offers TB screening, diagnosis and treatment. However, a third of patients in the area had a delay of more than three months between symptom onset and diagnosis. Although the proportion of people completing treatment was similar to the London average, slightly more were lost to follow-up.

We need to support social outreach projects in high-risk areas as a means of engaging directly with the community, rather than wait for people to come to the health services. That will help to raise awareness and stymie stigmatising, and will enable us to diagnose and treat TB earlier in at-risk communities. Case finding needs to be an active process to ensure that cases of TB do not fall between the cracks and remain untreated.

On a local and community level, outreach projects are crucial, but it is essential that we also have a national strategy on TB. The all-party group on global tuberculosis led the way in calling for a national strategy on TB. It is encouraging that Public Health England is currently developing such a strategy, which will be published in 2014. The national strategy will drive best practice throughout the UK’s clinical and social care for TB, but we must ensure that it is closely integrated with other Government policies on TB, including those of the UK Border Agency and the Department for International Development.

An interdepartmental ministerial group on TB performed that task at the turn of the century, but unfortunately it produced only one report before folding. That group should be revived. TB affects a wide range of Departments, and efforts must be made to enhance co-operation and co-ordination across their policies and interventions to provide the most effective response to TB in this country. A formalised, recognised structure with appropriate support is the best way to make that happen.

TB has been neglected for too long. It is a disease that people do not talk about and have forgotten, which increases stigma and reduces the likelihood that those in need will receive treatment and care. The UK does not need to commit finances to make a difference to how the disease is perceived, but it does need to show leadership and commitment domestically and abroad. It can do that by reaffirming that TB is a serious threat and a priority, and by committing to a local community strategy accompanied by a national, co-ordinated interdepartmental approach.

Jim Dobbin (in the Chair): I have enjoyed the debate very much. In a former life, I worked in an infectious diseases hospital, specialising in TB.

3.36 pm

Alison McGovern (Wirral South) (Lab): It is a pleasure to serve under your chairmanship, Mr Dobbin. I was going to mention your experience, which I am well aware of. Perhaps you should have spoken in the debate, rather than being in the Chair.

I congratulate my hon. Friend the Member for Scunthorpe (Nic Dakin)on securing such an important debate. The unity that we have heard in the contributions is telling. We often spend our time disagreeing, but today we have not. That should be a message to everybody who cares about this incredibly important issue.·

Bankers: Freedom From Prosecution Shame,

Monday, February 16th, 2015

Bankers: Freedom From Prosecution Shame,

 

HSBC, RBS, Barclay’s, Lloyd’s etc and hundreds of others worldwide. These: Too Big To Fail, Banksters, Corporations, Insurers etc. Are all criminally involved and intertwined with thousands of other financial institutions.

 

Screwed up Banks, Insurers, Financial Institutions, Corporate Blue Chips, Authority, Police, Courts, Government, Officials, MPs, Ministers, Lawyers, Government Corporate Organisations of Government, and so on.

 

And the crash and the failure in 2008 of many of the worlds largest Banks, Insurers, and Corporate Giants. Have seen Scandal after scandal hit the headlines involving all of the above organizations and its officials.

 

Bailouts, Bail-ins, Libor, Rate Rigging, Bid Rigging, Fraud, Deception, Lies, Abuse, Money Laundering, Gun Running, Drug Trafficking, People Trafficking, Child Prostitution, Child Grooming Gangs, Paedophile Gang allegations in Government. And the list of unbelievable abuses go on and appear endless from most of the above.

 

This to big to fail to big to jail mentality and immunity from prosecution must end. Else we have a two tier society enforced on us by the wealthiest, where the weakest and poorest in society [only] get prosecuted and jailed.

 

It is not enough that these organizations get fined for their crimes, {Banks} should have their [Licenses Removed]. And those officials involved in criminal activity should be prosecuted and jailed with sentences befitting their criminal activity.

 

But it should not end just here.

 

It is enshrined so deep in Corporate Organisations of Government that the crimes corruption and fraud will continue, unless ordinary businessmen and citizens alike: Take back the control and power of money from Government. And these Gangsters and elitists who think nothing of- killing (off ) millions of people to keep their wealth power and control.

 

And from the known Banks that are implicated in helping Launder Money for Terrorists, Islamic Extremist, Hezbollah, Muslim Brotherhood, Drug Barons, Traffickers. The worst criminal organisations imaginable who kill without conscience.

 

But it also doesn’t end there either, it is also clear that huge private organisations like the IMF, The World Bank, the ECB, the BIS, the European Union, and many other organisations are funding war-in factions wars and criminal activities so monstrous its unbelievable. But horribly true. And this is done in the pretext that they are protecting our democratic safety and security. Which is partly true. .

 

Though closer investigation reveals a more sinister tactic of using fear to indoctrinate us into believing we need protection from terrorists. When clearly this is not always the case, {since most actions} by the organisations above} are just to lay claim to the spoils of war, commodities, natural resources, wealth, and power from poorer nations.

 

For those who have experienced the depravity of some of the poorest nations like Africa. Whose wealth includes Diamonds, Gold, Platinum, Uranium, Oil and many of the rarest elements on earth. You will understand. That the exploitation by the wealthiest extends to not only. The poorest nations, but also to the wealthier nations of Europe, in particular by the ECB and [European Union] – {who is hell bent on stealing}. What little, [wealth we have]. Now, Prime Minister David Cameron is involved in offshore funds,

This is the Prime Minister who is spending £9 million  of taxpayers money. Your money, on. His “friends in greed” leaflets, telling us we must remain in the European Union. This corruption by our leaders must stop do not believe the rubbish from Government, they and most within it and the EU are nothing better than Crooksinsuits. Do your own research on the internet then use your own commonsence, its much better to trust yourself. Your vote in the EU referendum is your only chance to change things and get rid of these thieves.

The American public need to think carefully, Clinton is known to lie, if you want more of the same vote for Clinton. The USA needs a leader not a liar, (Trump is your only other candidate maybe) he will Jail Her.

Its a very similar situation to Britain where just about everyone we should be able to trust, are no better than the convicts in jail convicted of robbery.

The only difference is (convicts will tell the truth) sometimes?

 

 

 

 

 

“Anti-Bailout-Anti-Austerity” Gathers Momentum As Spanish Protesters Mass In

Saturday, January 31st, 2015

 Madrid as European Union Austerity

Kills Citizens

Dignity.

Whilst ECB Keeps Stealing Their Savings.

 Update: Now, Countries want exit from EU, the Euro, Corruption, Austerity and Bank Bailouts.

The European Union has created unrelenting misery with its Austerity, Bank Bailouts and Uncontrolled Immigration to lower wages.

Spain, France and Britain now see the ECB as a threat and want out of the European Union, Euro and Immigration. The cause of Islamic Terrorism.

While the European Central Banks, TO BIG TO FAIL BANKS – get – BAILED OUT,  Greece finds out the European Central Bank has restricted funding in a fast dangerous game of poker. This act of stupidity by the ECB has alarmed markets and the population of Europe. Since it has brought about a very serious collapse of confidence.

This Gambling with Greece is about to bring down the entire European Union Experiment in a Dornbusch prophecy.

The EU failed Euro experiment controlled by Member State Central Bankers the ECB has several times since 2008 using its own mandate of authority Bailed Out Insolvent Banks using Depositors and Taxpayers Money.

 

Greece, Spain, France, Italy, and Ireland’s population was lied to, like most other member states. Then its ordinary citizens were forced to pay off the banks debts with Austerity measures that destroyed the economy of those countries, as it always has before in history.

 

Now Greece has elected an anti Austerity Government, and has an Ace card. This first being that other countries populations like Spain, Portugal, France and Italy, are following Greece in its Ant-Austerity stance and protests. Spain for example has seen Madrid have today a huge gathering of anti austerity protesters, with reports off 300,000 people demonstrating against Bank bailouts and Austerity.

 

These protests are gathering pace with looming elections and are strengthening . Because a (whatever it takes) European Unions experimental Banker Mario Draghi. Has destroyed any hope for them or their future generations. When again the debt burden of huge insolvent Banks was passed to ordinary citizens to pay off with his € Trillion + Quantitative easing measure (bailing out banks) giving €60bn each month for two year, to (counter deflation) a now stagnated European economy in deep depression.

 

This last ditch €trillion plus give away to banks by Mario Draghi. And their hopes to inflate away EU Government debts, who have guaranteed or (bought insolvent banks debts)— (using taxpayers money) in the slim hope that Europe’s population will spend any money they have money left. And then pay higher prices forced on them for everything, including food, will fail since repeated bouts of (Austerity has destroyed most of Western Europe’s Economies.

 

Greece unwittingly has amongst other Austerity destroyed Countries created a snowball effect and it will be extremely dangerous for the IMF, Troika, ECB, UN, World Bank, BIS, or any other to threaten EU Governments and its population with measures designed to benefit Banks or make its people capitulate. History will not help politicians this time since most paid for politicians and old school buddies will need a new occupation.

 

In a few month the UK electorate will vote, the obvious result will spell out the reasons for dissent amongst its people.

Government Fraud, Government Child Abuse allegations, Immigration out of control, Pakistan male Muslim child molesters, Grooming Gangs, Muslim Terrorist Fanatics amongst UK population, Third World Immigrants Swamping Public Services, Eastern Block EU Countries Immigrants over-whelming UK towns,cities, and all services.

 

But Immigration — Police not acting on Child abuse — Government and Local Authorities for 20 year plus ignoring 2000 or more Child abuse cases in an alleged Government cover up exposed today on SKY, will see the end of Government — controlled by — Insurance Companies, — Corporate giants — Immigrant criminal gangs, and their prolific use of religion, dress and racism excuses, will not work any longer.

 

The electorate will win this campaign.

GOVERNMENT CORRUPTION, MPs EXPENSES.

Tuesday, January 6th, 2015

 

 

GOVERNMENT CORRUPTION.

 

Just remember this, 24,815 islamic terror attacks since 9/11. Ask for a public debate on Muslim Immigration.

Immigration Out Of Control, MPs Expenses, Bank Fraud, Insurer Fraud, Child Sex Abuse, Race Relations One Sided Against British Citizens. Update: Today, the killings in Paris by Islamic Religous Fanatics.

    We have Muslim grooming gangs all over the UK preying on young children, child prostitution, child trafficking, gang rapes, killings, religious hatred, and disappearing woman and children and now more killings because cartoonists made a joke of Islam

Yet Muslim leaders claim Muslims are not terrorists-even though evidence exists that the vast majority of terrorists are Muslim and huge numbers are Paedophiles.

    Muslims are slaughtering Christians and other beliefs and minorities all over the world daily.

Islam fanatics ISIS- tells all Muslims to wage war on the infidel – Kaffirs “in their own countries”!

    And are carrying this out by mowing them down, using cars, vans and trucks all over Europe. There has be recent examples in France where innocent victims were mowed down  by Muslims born in Western Europe…………..

Muslims have stealth- fully enlisted our own Governments to oppress the indigenous peoples free speech ramming Racism, Islam and Halal down our throats. Then Islamic leaders play the minority innocent victims, when a Muslim beheads a Kaffir or gang rapes a young woman. Muslims have become a danger to free speech and democracy and are not a minority any longer.

    Facts are they are breeding 10 ten times faster than the white indigenous population.

Muslims chant or use quotes from the Quran, or scream Halla Ak-bar before slaughtering some innocent journalist. It is not uncommon and is clearly an act of religious belief-quoting scriptures as they carry out their barbaric act.

    Our own Prime Minister David Cameron now allows every Muslim whim – Sharia law, Mosques, Halal Meat- Food, Sharia Courts. Yet Halal is a sacrifice to their God. And now its reported that our PM David Cameron wants to see a future Muslim Prime Minister in Britain. “Perhaps he would like to see another 6000 Mosques in Britain. WHILE MUSLIMS STONE WOMEN FOR INFIDELITY.

Sources state that Britain’s Muslim population rose from about 82,000 in 1961 to 553,000 in 1981 to 2 million in 2000—a demographic change roughly representative of Western Europe as a whole during that period. According to the London Times, the number of Muslims in the U.K. climbed by half a million between 2004 and 2008 alone—a rate of growth ten times that of the rest of that country’s population.

    Update these figures with those reported in the recent Government Accounts which only account for recorded lawful immigration. Then add ten + million and you have an idea of the scale which is mind boggling and extremely shocking and must be stopped NOW!

Then there is the financial impact of uncontrolled immigration, this is the unspoken taboo within Governments BBC media and the so called British free press who are shackled by “Racial Threats”- from Muslims its leaders and Government.

    Muslims are the largest immigrant group, swamping all services and have become such a burden that Government have dramaticly increased cutbacks in other public services. To keep pace with benefit payments – shutting down NHS Direct cutting staff numbers at hospitals, local services, clinics, libraries, recreational facilities, the police and the armed forces etc.

    Then on the day when 12 innocent people in Paris France were slaughtered by Muslim fanatics for drawing cartoons supporting our right to free speech and expression.

The BBC website was removing any comments by the public mentioning Muslim Killers France, Muslim Slaughterers, Paris killers etc.

    These actions explain more about the Governments indoctrinating BBC media reports than their controlled news coverage ever did.

Religion and Racism are the excuse used by Muslims. Who then use the Human Rights act to extort money or revenge on innocent remarks made by anyone.YET NO MUSLIM OR ISLAMIC COUNTRY IS A SIGNATURE TO THE HUMAN RIGHTS ACT.

    “One thing is for sure – if we don’t have a public open debate now! about Muslims and Immigration – free from State interference.

The role of Government and the shape of the State will have changed beyond our recognition, please look at www.islamicfinder.org

And this should shock the living daylight out of everyone. Todate: Islamic terrorists have carried out more than 24,815 Deadly terror attacks since 9/11.

 

Diana Killed, Iraq Oil War, Blair’s Lies, Brown’s Gold Sale, Royal Family Allegations Denial,

 

NHS Killing Elderly, Hospitals Unsafe, Appalling Neglect Filmed, Institutional Sex Abuse, Sex abuse by doctors and consultants,

 

Pakistani Child Sex Abuse Rings, Church Paedophiles, Doctors Nil By Mouth Deaths, Gang Rapes Of Non Muslim Girls, Forced Prostitution,

 

Care Home’s Abuse, Muslim Decapitations, Suicide Bombers, Bombs On Buses Planes And Trains, British Born Muslims Killing Young Soldier.

 

Bank Bailouts, Insurer Bailouts, Corporate Bailouts, EU Control Freaks, VAT Increases, Camera Operated Toll Roads (Brisa) America- Enforced By EU, Immigration Out Of Control EU- Enforced On All Member States– To Lower Wages Using Mass Unemployment

 

Austerity, Massive Price Increases, Devalued Pound, Overvalued Euro, EU Bureaucracy Gone Mad,and Now QE ( quantitative easing ) Giving Taxpayers money to Banks and huge Corporates.

 

Spy Cameras Everywhere, Illegal Use Of Terrorism Laws, Illegal Home Repossetions, English Law Abused To Collect Revenue,

 

Court Bailiffs Illegal Enforcement- Terrifying Pensioners, Illegal Parking Fines, Government Abuse Of Common Law, Local Authorities Abusing Citizens Rights, Illegal Fines And Enforcement Action.

 

Ministers And MPs Convicted Of Serious Crimes, 2008 Crash, An Endless List Of Fraud And Worse.

 

A Conservative Thatcher Government That Removed Controls From Banks And Banking. Leaving The Corrupt Banking And Insurance Gangsters To Manipulate And Steal Britain’s Wealth + The Worlds Wealth.

 

Now Another Conservative Government is Stealing Money From The Poorest Sector Of Society. Forcing Them To Rely On Food Banks. While Governments Gives £trillions To Banks.

 

Government is corruption full stop. The two main parties have had their own way for generations sharing the spoils of the corrupt gravy train between them.

 

Now you have the best opportunity ever to remove the corrupt main parties from power.

 

Give the next generation ‘your children, the opportunity of a fairer society without institutional Government fraud and corruption.

 

We now have the opportunity to change the system, that’s been abused and corrupted by the wealthy LIB, LAB, CON, Government Barons. Lets now bring fairness into the election process for future generations.

 

IF NOT!!

 

Then inflation and currency devaluation and increased VAT will destroy those with incomes of less than £60,000 a year.

 

UK Banks need more capital, Government needs more revenue, EU Banks, the EU and ECB needs more revenue. This will increase Austerity, Tax’s, Vat, Duty, and Inflation to pass the Governments debts to its taxpayers in the form of increasing costs and lower wages.

 

Do our Goverment care,

 

Note for example – UK Government does not give a damn about anyone north of London, until election time.

 

Then all of a sudden they start their electioneering north of Londonin Carlisle.

 

Remember how all three main party leaders turned up in Scotland to protect there backsides when the Scottish Referendum looked like losing them their parasitic seats of Government.

 

THEY DO NOT CARE ABOUT THE ELECTORATE,

 

They only care about their wealth and powerful positions, where corruption wealth and power go hand in hand.

 

UKIP is without doubt the only political party spelling out the truth about the European Union and Immigration. We need to help the small parties like UKIP to take us out of the clutches of the corrupt EU Banking Gangsters.

 

Government created the Islamic takeover of our towns and cities. Now its time to take Government back.

Not all Muslims are terrorists, but many are supportive of Sharia Law. But clearly most terrorists are Muslim. We cannot allow Islamic fanatics to become the threat to our freedoms or liberty.

We are the Indigenous Population, we cannot allow European citizens of Non- European Origen to abuse our hospitality. By threats. — Notice how many countries like Britain France Germany now have a majority birth rate of males with the name MUHAMMAD.

 

And Governments own figures clearly show UKIP is correct, it is out of control. And worse still the UK Government is advertising in Third World Countries for more immigrants to invade Britain’s already swamped services.

 

The European Union on the other hand is quite simply a revenue raising enterprise for Banks, who control print raise and steal customers money for Banks headed by the ECB’s ( European Central Bank).

 

 

Check out the facts . What has the European Union done for you.

 

Its uncompetitive, it destroys businesses with added legislation that Taxes You and adds VAT and DUTY to benefit Banks and Banksters,

 

But have you benefited by joining the EU.

 

Because Britain lost its laws sovereignty power and control of its borders while the EU enforced cheap labour and criminal gangs on an otherwise buoyant British economy that exported most of its products all over the world. (WITHOUT ANY- EU) Help.

 

We stupidly swapped our £ sterling -240 pence worth, for its Euro 100 cents worth. This had the immediate effect of more than doubling the cost of everything.

 

And then the EU enforced VAT on every invoice as well.

 

Just remember they are going to increase Vat again, so choose wisely who you – want to Govern Your Government, and Control everything you need or do.

 

UKIP seems a good choice check them out, ask them.

 

!The final choice is your future! Now have your say! The other three main political party parasites are so corrupt, they no longer realise it.

 

PS the author has no political connection it is my own opinion based on doing business with corrupt Government officials and Ministers.

 

 

UKIP triumph and Cameron’s quick law to stop immigrants,

Sunday, November 16th, 2014

Its amazing laws “can be introduced” to stop immigrants,

“just before a General Election”.

 

  • The Conservative party leader David Cameron after meeting EU officials declared he would stop immigrants claiming benefits.

 

This is good news for the 60 + million Electorate. A generation that has screamed at Government for years, “that immigration was swamping our services” and was, “out of control”. Yet nothing was done. Now with an Election looming, all of a sudden, the Conservatives Party leader pulls out of the hat new laws to curb immigrants abusing our health, social services and benefits system. See Document below which highlights which ethnic groups claim more benefits.

2.  This document constitutes PRIAE’s submission to the House of Commons Work and Pensions Committee inquiry “to examine the standards of service delivery to people from black and minority ethnic communities within the benefits system and the systems in place within the Department for Work and Pensions to ensure equal treatment and the elimination of discrimination”.[21] The Institute welcomes the Committee’s desire to improve provision of services to BME communities.

  3.  In line with the remit of PRIAE, this submission focuses solely on the position of older people from ethnic minority communities, although it is recognised that some of the hurdles experienced by this constituency apply to ethnic minority individuals of all age groups. The distinctiveness of the experiences of BME elders resides in “the source of supply of care, the level of developments in care and a constant existence on the margins”.[22]

  4.  The needs of the current and impending generations of BME elders are pertinent to the Committee’s inquiry as PRIAE’s research and development work confirms that this group is more heavily reliant on income support and welfare benefits than the majority group. One third of Bangladeshi and Pakistani people aged 40-59 in 2000 received Income Support, compared to 8% of the White group in this age range (see Table 1).This poverty later in working life also translates into lower retirement income, carrying a number of implications for pension provision.

INTRODUCTORY REMARKS

5.  PRIAE welcomes this inquiry, as there has been a dearth of developments in this area for too long. The Institute was established in 1998 as an independent UK and European charity amid ongoing concerns that the needs of this group are being overlooked by policymakers in the context of rising elderly population facing disadvantage and fragmentation in services. The issues outlined in this submission are gaining increasing pertinence in light of the “age bulge”[23] that the UK will experience as minorities—once migrants from the post-war years—age en masse (see Table 2). It is vital that services provided by the DWP and other relevant government departments cater for this growing constituency.

 

Table 2 England and Wales—breakdown of population by age and ethnic group

 Age 0-14 15.29 30-44 45-64 65-74 75+
White 18 18 22 25   9   8
All BME groups 23 26 25 18   5   3
Asian
Indian 21 27 25 20   5   2
Pakistani 33 31 20 12   3   1
Bangladeshi 36 32 18 10   3   1
Other 22 26 27 19   4   2
Black
Black Caribbean 19 18 33 19   8   3
Black African 28 26 32 11   2   1
Other 36 25 28   8   2   1
Chinese 17 34 25 19   3   2
Irish   5 13 22 35 15 10
Other mixed 48 25 17   7   2   1
Other 14 29   9 19   5   4

BME (Black Minority Ethnic) . I assume White is the majority- though added figures appear to show white population is in serious decline?

 

  • As well as other Good News, laws to be introduced in 2015 stopping the abuse of Payday Loan Parasites. Its even more amazing how Banks and Financial Services and the “completely corrupt Insurance sector”, a bedrock of support for the Conservative Party. Are suddenly being being fined huge sums of money. This was aired on BBC the Government controlled television channel, as a fine of 1.7 £billion on banks. This is a huge sum but split it amongst the banks etc. and it amounts to small change, £200 to £600 million. And still not a single Banker has been jailed. mmm One law for Joe Public, NO LAW for Bankers.

 

The arrogance of the 3 main Political Parties is astonishing. If any or all think for one minute the Electorate will trust any Political Party with the prize of Government, “again”then forget it. Its not going to happen. This time the public has seen the Banks Bailed Out and Propped Up with Taxpayers Money by Government while it unleashed Austerity on the Population, (Massive Tax Increases) Inflation and Currency devaluation.

 

  • No matter what promises. Are Televised, none will have any effect on the Electorate who now know Politicians from most Political Parties are Liars, and in Politics for their Own Benefit only. But paraphrasing using their speech / hype. Are economical with the truth. That say one thing and do the reverse, and never answer any question with a definitive answer, like yes or no.

 

Take for example our membership of the European Union that Cameron Clegg and Milliband benefit from. It costs British Taxpayers £18 to £20-billion each year. This is money that could build hundreds of new hospitals and new roads as well as employ several million of the unemployed on decent wages. You only need look at the recent £700million budget increase for the NHS broadcast by David Cameron listing how many doctors nurses and hospitals this would pay for, its staggering. But instead £billions is being wasted on a “European Integration Experiment” “controlled by Politicians and Bankers, that has gone wrong”.

 

  • The EU and Immigration is a powder keg. That all party Politicians have ignored. Now its about to – Blow Up In Their Well Fed Faces, now Ukip has scored another win from the Conservatives. How many MP’s will defect before his own party realises he has destroyed what support he had, (the majority) and SME retirees now voting UKIP.

 

When those Ordinary Citizens the Electorate they Forced to Endure Loss of Income, Homes, Jobs, Heating, Food, Transport, Health, Welfare and Benefits. Shell them out like peas, “Out Of Power”. IDS, (Ian Duncan Smith) wanted for the crime of destroying the faithfull voter. Most whom were Middle England and SME, Conservative’s. WHO WILL LOSE HIM HIS SEAT.

 

  • I for one would strip all Politicians of all the Perks and Power they Awarded Themselves, including the Huge Pension Entitlements. Cameron, Clegg and Milliband deserve everything the Electorate has in store for them.

 

Itsfraud.com

 

 

“GOVERNMENTS ILLEGAL” “PAID FOR BULLY BOYS”

Monday, November 3rd, 2014

British Government Allow Its Agencies to Ignore Statute and Common Law.

 

  • This abuse is turning ordinary citizens against the Government authority whom should respect the law and the freedoms and security it gives to all.

 

Instead Government and its Agencies have become Gangsters who are using trumped up invented law that does not exist, to strike fear and alarm when bailiffs call to collect debt or fines imposed illegally.

 

  • All to often now we see “Police in full Body Armour”, “Government paid bullies” “paid to beat Protesters”. Whom “mostly are ordinary citizens” like you and me, including the Policemen/women

 

We also see and hear news reports of how the Unemployed and Pensioners and Benefit claimants are Scroungers costing taxpayers £billions in fraudulent claims.        NOTE THESE ARE UNFUNDED SCHEMES YOU PAY FOR.

I PAID FOR MY PENSION,  I HAD NO CHOICE OF A NON CONTRIBUTED, OR PRIVATE PENSION . NOW I AM A SCROUNGER TAKING WHAT I AM ENTITLED TOO. AN EMPLOYER WHO HAS EMPLOYED THOUSANDS OVER THE LAST 45 YEARS. ??????????   IDS CAN YOU LIVE ON THE STATE PENSION HAPPILY.

These are extracts from the Governments account they speak for themselves.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/318657/whole_of_government_accounts_2012-13.pdf

  • You do not need to be an accountant to realise staff costs are way to high, look at social security benefits re staff costs
  • If this was a private business it would have gone bust in the first few months of trading.  Most of Governments is ran as though to loose as much taxpayers money as possible.   Stop spreading lies.
  • But lets look at the real Truth, Britain has become the dumping ground for huge numbers of Immigrants seeking a better life or free meal ticket. And most arrive from poverty stricken third world countries like Pakistan Bulgaria Romania Somalia Angola.

 

Many of these are ruthless criminals and murderers with the means and money to get to England, who bypass all the other EU countries just to get to England. Because the EU and Government allows it.

 

  • This is not some mistake or error by Government, it is deliberate policy. It is simply about cheap labour and creating unemployment to lower the cost of wages for the largest employers. And the Governments own accounts show that fraud and contributed pensions and benefit claimants figures are very small compared to the huge amount paid out to immigrants. There is also a Question that needs asking why is the Government advertising in India for staff, when we have a huge pool of University educated graduates unemployed in Britain working for Tesco or McDonald’s.

 

What is happening in Britain is is happening all over Europe. It has been created by the Governments of the EU in Collaboration with the ECB (European Central Bank) an unelected body whom make all the Financial and Monetary decisions including those effecting law in all EU Countries.

 

  • These central banks are the parasites that produce nothing. They don’t produce wealth they take it from you, using laws they organised and had implemented illegally. They control everything using wealth and the ability given to them by Governments to Print as much money as they want, Out Of Thin Air and create Debt for its 500 Million Citizens using inflation and currency exchange control. Central banks want inflation to reduce EU Government Debt and to transfer wealth from its  savers to banks. Increasing inflation in small unoticable chunks. So savers don’t notice their wealth is depreciating and being transfered to the banks.

 

The British Government uses inflation against its citizens because it lowers Government debt. It has bailed out the banks several times and still is bailing out banks. So the debt burden is huge. Moreover this debt is not quantifiable because the banks do not know how large it is. So the Government must cause inflation to lower the debt it created by bailing out insolvent banks.

 

  • What the Government is doing is give a false impression that the British economy is booming. But this is just an illusion, to get you to spend your money, which means the Government receives more taxes from your spending into its coffers. And the means to this illusion they are using is cheap Mortgages, introduced and guaranteed by Government to banks. Talk about complicity in parasitic behaviour.

 

Despite of all the British Governments intervention and televised hype and advertisements. Britain in the EU, is in the largest depressionary cycle ever seen. This is easily observed by the low paid part time jobs created like checkout staff and unskilled bar staff, cleaners etc. taken by a massively huge pool of unemployed workers fighting for a job against an even larger pool of immigrants. Now accounting for a larger part of the black economy than ever before. Paid in cash, wages as low as 70 pence an hour by huge corporate enterprises, farms, packers etc.

 

  • All of the problems related to the financial crisis and the predicament we are in now is down to the Government and the European Union. Who allowed the insurance companies and the banks to commit fraud. This cannot be disputed it was complete complicit incompetence and fraudulent intent by Government, Insurers and Banks. Whom now appear to be creating a situation where a third world war conflict will be the out come to get the parasites out of the mess they created. I hope I am wrong?

 

Recently bailiffs called to my home (I was away at the time) but what happened was astonishing, the threats issued by these thugs broke all laws. The methods used shocked me to the extent that I was not believing my own flesh and blood until I saw the security camera recordings. (this is yet to be dealt with). The offence committed was parking in a clearly marked parking bay which resulted in a fixed penalty parking notice. The Councils own evidence a photograph clearly showed no such restrictions , and as such it was defended correctly and with no further response from the council until the statutory time limit was up.

Then with no notice the bailiffs turned up calling the police because they were refused entry using a terrorism act. To collect an illegally enforced parking ticket.

 

  • The police then allowed an illegal entry to a property I do not own- nor any of the possessions in the house, Then bailiffs forced the Owner to pay my parking fine and costs of several hundred £pounds. This is theft with the full consent knowledge and assistance of the Police the Courts and the Government. It also breaks every statute and every principle of common law, the law of the land Magna Carta. And is why I searched the internet to see if others had experienced such blatant abuse of our centuries old and famous legal system. That is used the world over.

 

Please look at these examples of the “British Governments Authorised interpretation of the Legal System” “in Britain Today”. COPY AND PASTE INTO YOU BROWSER  THE LINKS, THE CONTENT IS WORTH IT.

http://www.youtube.com/watch?v=u8g_tNimjEo

http://www.youtube.com/watch?v=kScy-FoO0d8

http://www.youtube.com/watch?v=gDjjOCTp2W4

http://www.youtube.com/watch?v=ZJZMdbS-eFo

http://www.youtube.com/watch?v=ZJZMdbS-eFo

http://www.youtube.com/watch?v=2YmPD8bs7X0

http://www.youtube.com/watch?v=w_nRsnd2-Lo

http://www.youtube.com/watch?v=DXUau-34v4Q

http://www.youtube.com/watch?v=HDMcmGng4vs

 http://www.britishconstitutiongroup.com

The British constitution group above is well worth looking into since its objects will appeal to most if not all reasonable law abiding British Citizens.

      • It should be a wake up call before Britain is taken over by the Banks and the EU. Who are filling Britain with immigrant cheap labour, many “who are recorded criminals” child molesters, rapists, fraudsters and murderers. Who are allowed to claim benefits not contributed to, and fill our hospital wards to overcapacity.

 

None of the main Political Parties, have taken any notice of our opinion until now and none are worth Voting for. The referendum in Scotland clearly showed them all for what they are Liars. So now it is up to the General public to speak out and tell the truth as it is. We are inundated by corrupt Government the EU Banks Insurers and immigrants who abuse Britain and its very tolerant citizens way of life.

 

      • I say this to all reasonable minded concerned citizens, Take action now, have your say on Facebook etc. or publish your own website. Its not against the law to tell the truth, Even if its unpalatable for Governments.

 

Now its time we got rid of the whole corrupt rotten lot and took back our liberty and freedom from oppression and debt imposed by the few on the masses.

 

See extracts below if you think your money in a bank

is yours?

Financial Services (Regulation of Deposits and Lending)

Motion for leave to bring in a Bill (Standing Order No. 23 )

    1. pmMr Douglas Carswell (Clacton) (Con): I beg to move,
  • That leave be given to bring in a Bill to prohibit banks and building societies lending on the basis of demand deposits without the permission of the account holder; and for connected purposes.

Who owns the money in your bank account? That small question has profound implications. According to a survey by Ipsos MORI, more than 70% of people in the UK believe that when they deposit money with the bank, it is theirs—but it is not. Money deposited in a bank account is, as established under case law going back more than 200 years, legally the property of the bank, rather than the account holder.

 

  • Were any hon. Members to deposit £100 at their bank this afternoon or, rather improbably, if the Independent Parliamentary Standards Authority was to manage to do so on any Member’s behalf, the bank would then be free to lend on approximately £97 of it. Even under the new capital ratio requirements, the bank could lend on more than 90% of what one deposited. Indeed, bank A could then lend on £97 of the initial £100 deposit to another bank—bank B—which could then lend on 97% of the value. The lending would go round and round until, as we saw at the height of the credit boom, for every £1 deposited banks would have piled up more than £40-worth of accumulated credit of one form or another.

 

Banks enjoy a form of legal privilege extended to no other area of business that I am aware of—it is a form of legal privilege. I am sure that some hon. Members, in full compliance with IPSA rules, may have rented a flat, and they do not need me, or indeed IPSA, to explain that having done so they are, in general, not allowed to sub-let it to someone else. Anyone who tried to do that would find that their landlord would most likely eject them. So why are banks allowed to sub-let people’s money many times over without their consent?

 

  • My Bill would give account holders legal ownership of their deposits, unless they indicated otherwise when opening the account. In other words, there would henceforth be two categories of bank account: deposit-taking accounts for investment purposes, and deposit-taking accounts for storage purposes. Banks would remain at liberty to lend on money deposited in the investment accounts, but not on money deposited in the storage accounts. As such, the idea is not a million miles away from the idea of 100% gilt-backed storage accounts proposed by other hon. Members and the Governor of the Bank of England.

 

My Bill is not just a consumer-protection measure; it also aims to remove a curious legal exemption for banks that has profound implications on the whole economy. Precisely because they are able to treat one’s deposit as an investment in a giant credit pyramid, banks are able to conjure up credit. In most industries, when demand rises businesses produce more in response. The legal privilege extended to banks prevents that basic market mechanism from working, with disastrous consequences.

 

  • As I shall explain, if the market mechanism worked as it should, once demand for credit started to increase in an economy, banks would raise the price of credit— ¦904interest rates—in order to encourage more savings. More folk would save as a result, as rates rose. That would allow banks to extend credit in proportion to savings. Were banks like any other business, they would find that when demand for what they supply lets rip, they would be constrained in their ability to supply credit by the pricing mechanism. That is, alas, not the case with our system of fractional reserve banking.

 

Able to treat people’s money as their own, banks can carry on lending against it, without necessarily raising the price of credit. The pricing mechanism does not rein in the growth in credit as it should. Unrestrained by the pricing mechanism, we therefore get credit bubbles. To satisfy runaway demand for credit, banks produce great candy-floss piles of the stuff. The sugar rush feels great for a while, but that sugar-rush credit creates an expansion in capacity in the economy that is not backed by real savings.

 

  • It is not justified in terms of someone else’s deferred consumption, so the credit boom creates unsustainable over-consumption.
  • Policy makers, not least in this Chamber, regardless of who has been in office, have had to face the unenviable choice between letting the edifice of crony capitalism come crashing down, with calamitous consequences for the rest of us, or printing more real money to shore up this Ponzi scheme—and the people who built it—and in doing so devalue our currency to keep the pyramid afloat.

 

Since the credit crunch hit us, an endless succession of economists, most of whom did not see it coming, have popped up on our TV screens to explain its causes with great authority. Most have tended to see the lack of credit as the problem, rather than as a symptom. Perhaps we should instead begin to listen to those economists who saw the credit glut that preceded the crash as the problem. The Cobden Centre, the Ludwig von Mises Institute and Huerta de Soto all grasped that the overproduction of bogus candy-floss credit before the crunch gave rise to it.

 

  • It is time to take seriously their ideas on honest money and sound banking.
  • The Keynesian-monetarist economists might recoil in horror at the idea, because their orthodoxy holds that without these legal privileges for banks, there would be insufficient credit. They say that the oil that keeps the engine of capitalism working would dry up and the machine would grind to a halt, but that is not so.

Under my Bill, credit would still exist but it would be credit backed by savings. In other words, it would be credit that could fuel an expansion in economic capacity that was commensurate with savings or deferred consumption. It would be, to use the cliché of our day, sustainable.

 

  • Ministers have spoken of their lofty ambition to rebalance the economy from one based on consumption to one founded on producing things. A good place to begin might be to allow a law that permits storage bank accounts that do not permit banks to mass-produce phoney credit in a way that ultimately favours consumers and debtors over those who create wealth. With honest money, instead of being the nation of indebted consumers that we have become, Britons might become again the producers and savers we once were.

With a choice between the new storage accounts and investment accounts, no longer would private individuals find themselves co-opted as unwilling—and indeed ¦905unaware—investors in madcap deals through credit instruments that few even of the banks’ own boards seem to understand.

 

  • Question put and agreed to.
  • Ordered,
  • That Mr Douglas Carswell and Steve Baker present the Bill.
  • Mr Douglas Carswell accordingly presented the Bill.
  • Bill read the First time; to be read a Second time on Friday 19 November and to be printed (Bill 71).

 

 

Draghi doing whatever it takes, Update: Handing Greece The Ace Card.

Friday, August 22nd, 2014

Mario Draghi can be complimented on his ability to “hand Greece’s new Government with the Ace cards” with his Trillion Euro bank bailout to be paid for. By Taxpayers and Bank customers “Depositors money”. This new €60bn per month bailout is again an attempt to pass insolvent Bank debts away from Government to its citizens in the form of inflation to inflate away Government guarranteed debts. This will fail and Greece will start a European rolling ball that will take the whole of Europe out if the Creditors threaten Greece’s new Government and its citizens with capitulation, rather than renegotiation.

Mario Draghi may well delay any effective action again by doing whatever it takes to protect his backside. While at the same time being paid for the inability to respond to worsening EU wide conditions and market forces that no longer listen to his hype or the €trillion by instalments experiment to counter deflation by inflation and devaluation of the Euro. But can Europe’s population pay for this €trillion Euro experiment. When most are cold and hungry from years of Austerity they cannot afford making the decision BETWEEN HEATING OR EATING?

 

Clearly his position is untenable, indicating his tactics are progressively creating the ideal conditions for the self destruction of the Euro and the European Union.

 

Not that this was not seen a forgone conclusion. But his managing ability to understand taxation with austerity measures were certain to enforce individuals and corporations to look carefully at capital expenditure and where they spend or keep their cash and assets.

 

This has led Corporations and individuals to play safe and hoard cash. Effectively destroying the business momentum required to create new wealth. The net result is that the retail sector is in decline or has negative returns. Forcing corporations to shed staff lowering manufacturing output and purchase of raw materials.

 

Individuals on the other-hand are now much more savy about Insurers, Banks, Financial Institutions, the European Union and Government. Also the internet and information technology has made the masses aware that trust is earned. And that none above especially the EU, fall into this category of trust.

 

The public’s untrustable perception of Mario Draghi is his delay tactics knowing that there is still huge numbers of Banks and Insurers who are a risk to the financial landscape, still obscuring their insolvency. Mario Draghi knows this yet is ignoring the intervention required to effect control of these to big to fail Insurers and Banks

 

Recent events like BES ( Banco Espirito Santo ) receiving state aid from Portugal’s taxpayers fly in the face of recent EU regulation which prohibits state aid to private institutions over €500,000- if remembered correctly.

 

Closer to his home, is Mario Draghi going to bail out Italy and its financial institutions. Or will he be removed and replaced by someone who can do the job correctly and weed out the weak Insolvent institutions hell bent on funding their illegal activities. “Using depositors and shareholders money”.

 

Or will Mario Draghi be able to placate the British public that won’t tolerate an EU. Observed as a huge conglomeration out of control, “who cannot even balance their books”. That imposes new Protocols, Directives and Laws by the minute, to extract even more money from Britain than British residents earn.

 

This is unlikely British taxpayers contribution paid for EU Motorways. Toll roads now owned by American Corporations.

 

Gangsters springs to mind.

“Bank-fraud-by-Banks”.

Monday, June 30th, 2014

“Bank-fraud-by-Banks”. Previously hidden from public attention by state owned Broadcasting, and “Controlled Newspaper reports” continue to hit on the hour Television News as ordinary citizens and bank employee’s spill the beans spreading the truth.

Recent examples include the huge fines handed out by the US authorities on Banks and the recent reported likely $8.9billion fine on a French “bank-fraud-by-banks” BNP Paribas.

Also “to assume Banks won’t steal its clients money is a false belief”. “Banks always put their profitability before depositors, customers or clients”. History and recent events by “the to big to fail” “to big to jail” Banks, and Financial  Corporations “stealing customers money”, “prove nothing is safe with these institutions”. Examples include the Greek-Cypriot European and American Banks and Insurers.

Bulgarian Banks also had a rough week when news spread by Bulgarian citizens of “Bulgarian Bank Insolvency Risks”, caused a run on the Banks. This creating an EU intervention payment of $2.3billion+ to stabilise the situation, though this is unlikely- in a biased Russian Mafia Controlled Economy.

If the European Unions, ECB “European Central Bank” or Draghi. And failed attempts whizz kid for Italy thinks it can resolve the European Union Crisis or  “Eastern Block Banks”, “Bank-fraud-by-Banks Problems” its whistling in the wind. No amount of taxpayers money or ECB printing toilet paper currency will ever solve the “Eastern Block Countries Economy.”

Or the “European Unions problems”. Where lack of manufacturing output and competitive products and consumer spending will drive deflationary pressure, leaving no room for alternative measures bar devaluation of the Euro or Interest rate hikes. Printing for banks liquidity will certainly end in a drastic failure. The reason is quite simple the ordinary public now know the European Union is just a bunch of Gangsters who steal all our money, using laws they invented and imposed.

And those same laws supposedly to protect its citizens are just hype. None protect European citizens, (but they do protect the banks) etc.

Update: 14th July 2014,

Draghi repeats failed attempts and gives more money to European Banks. BANKS were insolvent before and will be afterwards.

The ECB (European Central Bank) is to give European Banks over 700 Billion Euro and over 1.2 Billion over 4 year.

“ITSFRAUD”, to give money to insolvent businesses. Or is a bank just a “business fraud” full stop.———-AND——.

SHOULD YOU TRUST BANKS, “LIKE HELL YOU SHOULD”.

ANY MONEY YOU PUT IN A BANK,  –   NO LONGER BELONGS TO ( YOU )

“itsfraud.com”

Banking and Insurance Groups has enslaved future generations with poverty

Saturday, June 21st, 2014

The British Government and National Governments of the European Union have accumulated debts so huge they have never experienced this looming threat to our future before.

This curse left by the Banking and Insurance industry on everyone, “has enslaved future generations with poverty” and shackled them with debt that will remain unpaid well into the next century.

In the meantime bankers and insurers have become obscenely wealthy “creating debt” for you, “from your money! while concentrating/ pooling “your money” then using it to buy Stocks Bonds Equities to accumulate wealth and its power for themselves.

And most of us seem to have forgot that millions died during the 2nd world war to protect these greedy crooks and their and our freedom. Decent ordinary men and women died because they believed their war would end all wars. The to big to fail Banks and Insurer’s though had another agenda,  “funding both sides” and creating more debt.

Despite this our UK Government tethered and led by the European Unions revolving door of shouldered ECB central bank power have taken away our freedom. While devising deceptive new ways to tax ordinary people, incorporating a “mixture of fear” with “hype” broadcast by “state owned media” causing “unprecedented food poverty”.

Of cause we all now know Governments rubbed shoulder to shoulder with these “Gangsters” and gave taxpayers money to “protect” these “Bankers and Insurers from insolvency” and to preserve the Governments shoulder to shoulder “shared relationship” and “tranquil prosperity”.

While the elderly die in thousands each winter and the young suffer malnutrition unemployment and poverty Consecutive Governments nudge up closer to the Ba—rd banks and Insurance “Gangsters who are getting bigger” each day, while news reports daily, unleash more “Bank fraud by Banks.

There is a general term about “Banks and Insurers being to big to fail”. Well they did quite spectacular in 2007 – 2008 yet our Governments choose to ignore it or have not learnt the lesson. Its also strange that ordinary UK citizens don’t seem to care that Government does not know what the hell its doing. UNTIL the greedy hand of Government and the greedy rats in it “hit them  with another tax”, and this continual tax take will not STOP while ever you remain silent.

That’s assuming the financial system as it is. Doesn’t collapse first, taking out the poorest in society first. Then all hell will let loose, the moment citizens realise Government cannot rule “without their consent”.  “Then change will happen fast”.

While the author has no political persuasion its clear “Britain’s membership of the European Union is damaging everyone” except the Banks and Insurers. More importantly nothing has been FIXED or LEARNED by Governments or the European Union from the 2007 – 2008 crisis. “So expect the bubble to burst soon”.

Knowledge is Power, someone famous said this. And soon you will be able to use that power in the forthcoming ELECTIONS so choose wisely who you want in control. To remove all those RATS who have destroyed your sons and daughters future and daemonized the elderly for claiming a Pension pittance they contributed to and paid for. Without a choice by Government.

It was Your Grandfather and Grandmother and the Baby Boomer’s now in their 60s and 70s who contributed all their lives and paid dearly for your freedom .

Don’t let them squander it.

Mario Draghi and his “parasitic elite”.

Saturday, March 29th, 2014

European Central Bank 

The ECB, lets see what is it mmm, its an un-elected and unaccountable bunch of parasites that print money from nothing then lend it to Governments with interest plus terms and conditions, which then force through tax increases on its people. At the same time the ECB gives banks as much free money as they want. Banks then invest this cash in high yield debt, returning negligible cash into the economy, and virtually nothing to small business?

 

What the ECB is forcing through is its own self-selected power to topple Governments destroy democracy and force through levels of austerity that perpetuate even deeper deregulation of elected Governments monetary affairs and even more austerity (Massive Tax Increases).

 

Elected Governments and its leaders are being told by the ECB in no uncertain terms to enforce a No –Referendum policy regarding the EU and instead force through ECB policy cuts and austerity or face isolation from ECB bailouts or bond buying money.

 

ECB self elected parasites have forced through wage deflation using government imports of low cost labour from eastern block countries while restructuring (lowering pensions) to poverty level. The ECB is also playing a game of collective power over Europe’s elected democratic Governments. To remove parliamentary power and hand it to an ECB controlled European Finance Ministry funded by the invading same parasitic group.

 

The ECB is ruthless in attempting to take over the role of monetary and national law from people elected parliamentary power. It sees itself as the elite group of experts who are able to topple and control any or all Governments its leaders and financial institutions using its banks. Who can limit funding or increase it at will and the ECB is looking at this with a long-term view of Governing the Euro Zone through decades and generations.

 

To do this the ECB is giving vast sums of money to the highly leveraged technically insolvent banks that have huge interconnected cousins across World borders who can and will act like the gangsters they are, to control what the ECB wants in return for free money.

 

This puts forward the urgency to reconsider our membership of the European Union before the ECB creates an unstoppable undemocratic system of central bank control. That will increase taxes to fund its own long-term objective of totalitarian monetary control over everyone and everything. This control means the “Euro will be devalued” mid to late 2014 because Draghi needs to appease Central Banks and now has no other option as Deflation dangers looms.

 

Ask yourself this question (do you know who elected the ECB) to take control over your political and financial decisions to decide whom you democratically vote for in elections or referendums.

 

Because Prime Minister David Cameron and Deputy Prime Minister Nick Clegg will do the bidding of the ECB elite group, and deny your referendum and democratic rights, (before the next election).

 

 

 

Bank Failures, Corruption, Fraud, Housing bubble, Indicate 2008 Crash Ending

Thursday, March 20th, 2014

Update: 08/02/2015.

The situation through-out Europe is extremely grave for ordinary people who will be made to pay for another round of Austerity forced on them by the European Central Banks. This destruction of EU Economies by Mario Draghi at the Helm of the ECB using another round of Quantitative Easing, (bailing out the Banks, Insurers, and Corporate giants) may see the collapse of the worlds financial system.

Certainly we are at the crossroads of a major change in elected Governments all over the EU. The comment underlined in blue below and percieved problems wrote about a year earlier certainly seem now very accurate. My guess now is that we will have anti- Islamic, anti-European Union, anti- Bailouts, anti – Immigration, Left of Centre Politicians leading in the Polls and taking the prize of Governments from the “Elite Uncaring paid for Politicians”.

 

Are we about to experience the “2008 crash again“, the indications undoubtedly show comparable housing bubbles growing at unsustainable rates. Banks are growing larger on taxpayer bailouts and the dangers of to big to fail is worrying Governments. Also the largest proportion, “most banks” do not know what their exposure to derivatives is. Plus they have become addicted to customers cash deposits to fund liquidity.

 

This begs the question “how much longer” can banks expect its customers to “deposit their” money, in any bank now. Moreover available data suggests that customers do not trust banks and most now realise that banks are just betting their money on risky but lucrative investments “if they win” fine but these investments they realise are not much better than betting on the Grand National winner, the odds are stacked heavily against the banks picking the winner.

 

Its clear Banks and its Insurance providers have relied on being able to fool the public into believing they are trustable institutions and will give you your money back on demand. While its insurers will pay you out if you make a claim. Unfortunately the public now know it’s not true, and its insurers will busts its guts to avoid paying you out.

 

Even more alarming is that “Insurers will lie” abuse, deceive, delay, ignore regulation and international law and will “commit fraud with impunity”. Knowing they “its Directors” are protected by the companies acts and  “Banker Privilege” from direct prosecution.

 

However banks need to rely on being able to offer loans to its customers and be able to offer these at low interest rates. Again this is not the case banks do have the liquid cash assets to loan out and interest rate remain unsustainably low. This economic government generated austerity will raise interest rates quickly both in the short and long term. Why this will happen is simple the Government paid for housing market “bank created” bubble is about to burst.  Update: appears this article was reasonably correct but then when you have corruption in Government its easy to predict outcome.

This will lead to inflation targets becoming deflation woes and the collapse of most commodities and huge Corporate. Followed by daily insolvency headlines and executives seen throwing themselves off their multi story headquarters.

Then there is the ECB the European Central Bank, this collection of central bankers “self elected official” monetary lawmakers to its 28 member states. Who control currency supply and exchange rates while manipulating financial policy and political opinion to its members advantage, which explains why they create debt.

At the same time European Union spending and unprecedented publicity for years conned the public into believing that the EU gave people the right to work, live, travel, and trade with any member country. And have rights and laws protecting its citizens from the abuse of power by member states their officials or from businesses tradesman etc.

This however is not true. EU law give the right for each “Member Country” to use their existing laws. This has created a mass of differing legislation in many languages, which is constantly being abused by some countries to deny lawful claim or complaint. In a language interpretation, that for “non speakers” is impossible to complain about or defend.

Whist the idea of a single currency appears a simple solution for trade between countries, what is actually happening is a constant drain of cash from its consumers. That the EU created using its self elected laws like VAT which is a mandatory condition of being a EU member state. This tax on its own has destroyed manufacturing output and put millions in poverty. To create a monopoly for its corporate shareholding elite central bankers, who own almost everything?

Take a hard look at the inflation rate reports televised by the Governments own BBC propaganda machine.

 

It’s not so difficult to understand why we have such a low inflation rate when its YOU  who are the ( GOVERNMENT) who calculates the rate (TO THE FIGURE IT WANTS), negative 1% or plus 20%

Both are incorrect, but 20% is nearer the truth.

Do they think that we haven’t realised fuel has rocketed doubling in price and that food prices now increase each week and our energy costs have tripled.

Everyone has noticed food manufacturers keep packet sizes the same but lower the content weight.

It’s even easier for Government to lower the unemployment rate, when the JOBCENTER+ leave’s out the self employed and wont allow anyone over 50 to sign on.

Then those in paid employment have to work longer and for less money and every £ they spent buy less each day. Meaning they cannot spend what they DON´T HAVE, which has destabilised the economy. Because no money is flowing around.

The GOVERNMENT is lying and the corrupt politicians know the Government is lying, but these same politicians realise they have to hide the true figures or face a massive public backlash. Update: they are facing a huge backlash….

You only need look at the latest BBC NEWS reports of house price rises, Unemployment down, Exports up, Manufacturing output up, Banks making huge profits, and the Economy growing. When the facts are not true.

And these same reports are coming out of Europe as well, but unfortunately it is simply not true. Update: now we have yet another round of (QE) quantitative easing. Basicly buying junk bonds to refinance unsafe banks and huge corporates in general.

What is true is that the figures are all being manipulated to refinance and enrich the banks and the elite 1%.  Update: Who now own nearly 49% of the entire worlds wealth.

Who have and are raking in £millions from taxpayers who have refinanced the TBTF insolvent banks since 2008.

And it is time this was stopped and the banks broken up into smaller units of public ownership.

Before these GANGSTERS create another illegal WAR, like Iraq.

Its A Monopoly. There Is No Competition.

Wednesday, January 29th, 2014

Since we joined the European Union Britain has

become a huge monopoly for it.

 

Central Banks have control of your money.

Unless of cause you are a banker. The legal gangster, a general term “Bankster”.   It is now accepted by most, that banks are owned and run by corrupt criminals, who have run amok with your/ our money.

 

Of cause the pockets of Government are open always to these criminal enterprises. Its their club, a group of Government Central Banks controlling the EU and their individual Governments, France, Germany, Italy, etc.

This chain of command has created a criminal organisation so huge it now calls all the shots related to wealth creation. It is a frightening scenario where bankers print own distribute and control all forms of money and wealth creation, then share the returns amongst themselves.

 

It is supposedly legal. Is a Monopoly legal ? of cause it was the central bankers who decided it would be lawful therefore each club member must obey the rules. This clubs name is the ECB “European Central bank”. It owns and controls the European Union, it controls the supply of money and its value. You have no Vote or say in this matter whatsoever? Your Government enforces their control on you.

 

This monopoly is the law of the Criminal Bankster and you are being forced to obey their law, by Your Government.

 

Take for example the enforcement of VAT by the European Union on Margaret Thatchers Government. It is now the third largest source of Government revenue. VAT was enforced on Britain and introduced in the UK in 1973 at a rate of 8% as I remember, then quickly rose to 10%. It was a pre-condition to joining the then EEC, now the EU.

Vat appeared to replace purchase tax.  Though soon it became clear it was a tax on consumers especially the poor who could not claim it back like the richest who could.

 

Under European Union law, the standard rate of VAT in any EU member state must not be lower than 15%. Each member state may have up to two reduced rates of at least 5% for a restricted list of goods and services. However the European Union must approve any reduction of VAT. The economic burden of this tax is felt by (the poorest consumer).

VAT is a very regressive tax that enforces the poorest people in society to spend a larger proportion of their income on VAT than the wealthy.

Since the wealthy bankster controls the ECB and themselves control the money supply to the EU. And you have no vote or say. You will always pay for the Banks mistakes, corruption and fraud.

 

The blame lies with you of cause. You allowed your Government to joint the European Union (when you had a vote).

Now you may have a second chance. Unless you use your vote in the soon to be held elections. You will suffer increased VAT, higher taxes, lower wages, and suffer at the hand of the most corrupt in society. The EU Corrupt Banksters. Who will import immigrants to lower wages from countries where despots rule just like the Banksters.

Work this out:

Fuel taxes. Duty, VAT, = around 83% more or less.

VAT. 20%

Everything has VAT included. Because fuel has VAT on it as well as Duty?

And everything has to be transported. Medicine Food etc.

 

Do you trust your Bank,

 

Do you trust the ECB

 

Do you trust the European Union

 

Do you trust your Government or its central Bank.

 

If not then use your vote and vote this bunch of Gangster Banksters the Crooks In Suits Out.

 

NEXT: article soon, under MONOPOLY.

 

How and why you are paying up to 10 times the actual Trade or Retail price for most consumer goods.
A monopoly exists in every supply chain in Britain today and the Government allows each and every one of them.

Few know it, and most are not aware it exists.  But put simply there is now no competition full stop. What competition existed has now been bought out by the huge corporate giants.

Take for example the retail parks, these have all been taken over by a few companies trading with many different names. The same applies to the trading estates where trade outlets for just about every industry are owned by a handful of companies. Who’s Monopoly, means you pay 50% to 500% more for items that were previously much lower and heavily discounted.

Some of these trade and retail outlets now own 95% or more of available outlets on all trading estates and the names are all well known brands you know.  For example you can visit a Trading Estate with several Electrical trade outlets— or Plumbing trade outlets,  trading with different names but all are owned by the same company. Who are ripping you off big time, be warned you are being robbed by these gangsters who have no Corporate conscience or responsibility.

It is even more alarming  to find out that most food and drink sold is manufactured and sold in Britain by one American Company with hundreds of product names and thousands of outlets.

These huge companies take out of the British Economy £billions and kill off all competition especially small businesses. Since most SME’s have no idea that they are buying their stock from a competitor. Who will have their banks scrutinise what you are doing— and limit cash flow if you become a threat. And most will.

More to follow with names.

 

 

 

European economic crisis, Osborne says get your act in order

Wednesday, January 15th, 2014

Chancellor; Osborne’s speech European economic crisis,

& European union reform.

 

While Mr Osborne bleats on about European Union failures and it’s economic crisis and China and India beating the EU area countries with state of the art innovation and new technologies.  That once Great Britain was leading the world in. Mr Osborne forgot to mention why Britain is in this mess.

 

Can it possible be that the corrupt bleeding hearts of the British Government have spent so much taxpayer money on looking after too big to fail banks and bankers and their buddy insurance giants?  They forgot to look after the SME small and medium businesses.

 

These are the true innovators that take the risks and spend their own money setting up the new businesses that produce technical excellence.

 

So Mr Osborne until you realise that small businesses are much more important than the corrupt gangsters that have for years been the paymasters to the rule makers who produce laws to suit the bankers.

 

Small businesses are the backbone of Great Britain’s Future.

 

Spend your time Mr Osborne investing money where it produces results, put money where it’s required.

NOT WITH BANKS.

Will The US Dollar Be Unaceptable As Payment Soon

Monday, July 22nd, 2013

And a cashless society take its place, this could happen next week or even tommorrow and certainly will very soon.  Say end of this month or beginning in August- it could be “this year” or next but what is certain it will happen.

You may not have noticed yet, that transactions in cash are now being refused also its becoming difficult to pay by cheque. And even more difficult to pay large amounts of cash into your bank even with a long track record.

Buy up high end property now before your cash becomes worthless? You only have a short while to decide. The same will happen to the EU and the rest of the world.

 Its clear there are (7 UK big banks.   There may have been recent changes, like Co-operative bank plc another needing money.

 

                             

                                                                              Bank of Scotland

                                                                              Halifax

Lloyds Banking Group PLC            Own          Intelligent Finance

                                                                              Saga

                                                                              St James Place Bank

                                                                              Capital Bank

                                                                              Birmingham Midshires

                                                                              Lloyds TSB Bank plc 

                                                                              Cheltenham & Gloucester

 

 

 

Royal Bank Of Scotland PLC          Own        Child & Co

                                                                              Direct Line

                                                                              Drummonds Bank

                                                                              Holts’s

                                                                              National Westminster Bank plc

 

 

Nationwide Building Society         Own           Cheshire Building Society

                                                                              Derbyshire Building Society

                                                                              Dunfermline Building Society

 

 

Santander UK PLC                         Own                 Cahoot

 

 

Barclays Bank                               Own                 Standard Life Bank

 

 

The Co-operative Bank PLC          Own                 Britannia

                                                                                    Smile

 

 

HSBC Bank PLC                             Own                 First Direct

 

This official public document below appears to misslead how many big banks there are (10?

These may have changed recently

 

Bank of Scotland Bank of Scotland plc (part of Lloyds Banking Group plc) 169628 The AA (1)
Birmingham Midshires
Capital Bank
Halifax
Intelligent Finance
Saga (1)
St James’s Place Bank
Barclays Bank Barclays Bank plc 122702 Standard Life Bank
The Co-operative Bank The Co-operative Bank plc 121885 Britannia
Smile
Halifax Bank of Scotland plc (part of Lloyds Banking Group plc) 169628 The AA (1)
Bank of Scotland
Birmingham Midshires
Capital Bank
Intelligent Finance
Saga (1)
St James’s Place Bank
HSBC HSBC Bank plc 114216 First Direct
Lloyds TSB Lloyds TSB Bank plc (part of Lloyds Banking Group plc) 119278 Cheltenham & Gloucester
Nationwide Building Society Nationwide Building Society 106078 Cheshire Building Society
Derbyshire Building Society
Dunfermline Building Society
NatWest National Westminster Bank plc (part of Royal Bank of Scotland plc) 121878  
Royal Bank of Scotland Royal Bank of Scotland plc 121882 Child & Co (2)
Direct Line (3)
Drummonds Bank (2)
Holt’s (4)
Santander Santander UK plc 106054 Cahoot

Now I wonder how long it takes for us to find out Barclays buys up the bailed out banks owned by taxpayers, what a rights issue.

 

HOW TO SAY WHAT YOU THINK TO EU.

Wednesday, July 10th, 2013

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EUROPEAN UNION

 

 

CAN YOU TRUST BANKS?

Sunday, July 7th, 2013

Can you trust banks with your hard earned money.

 

Unfortunately, no! but you can bank on knowing – (who owns your money in a bank).

 

Once banks were trusted institutions where your money was kept for safekeeping.

 

Now if you put money in a bank “it belongs to the bank” and you have no rights whatever for its return except under the banks terms. Which means you have no rights to your own money.

 

So you may as well just stuff your money under your mattress because you will at least have all of it at your disposal, rather than being told how much money the bank will let you “take out”.

 

Or you could just invest your money on the stock market – there is little difference between banks and investments. Both are a huge risk but at least you may get some profit investing your money. Keeping your money in a bank is like burning your wallet – you get nothing.

 

Try asking a bank for all your money in cash, especially if the sum is say £150,000.

 

Also, try paying a large cash amount into a bank or £15,000 in cash for a car at auction etc.

 

Both will be refused and you will be treat like a thief.

 

Banks collude with Governments and both employ compulsive lying thieves who will steal your money using laws they invented to get what they want “your money and your vote”.

 

Banks are allowed to lend out 90% of depositors money (your money) and then create money out of thin air. Which leaves this question where is your money.

 

You me, all of us, bailed out the banks insurers and huge corporate giants – our Governments gave taxpayers money (our money) to these lying, cheating, corrupt crooks in suits, fraudsters.

 

They called it a bailout, then when the public realized they changed its name to “QE” Quantitative easing to try and fool us.

 

Now banks and Government have a new name to take your money, its called a “Bail-in”. What this means is: they can steal your bank investment bonds first when a bank becomes insolvent “bust”. Which is most banks?????

 

But lets look at this “most banks” have less than £3 of every £100 you put in the bank for safekeeping. The rest of your money the bank invested in bonds equities shares and debt- “you have none left”.

 

You don’t profit! from banks investing your money, you just lose! regardless of whether the bank goes bust or makes a profit.

 

Great isn’t it! Banks can’t lose and you are just a mug who gives them your money that creates money for them.

 

You just lose everything.

 

Do you know what bankers call us? “Idiots”.

 

We pumped £trillions into bailing out banks, insurance groups, corporate giants and huge companies, that all committed fraud and much worse. And nothing has been achieved, unemployment is staggering and banks still commit fraud.

 

And now we have Austerity, gigantic tax increases on EU taxpaying citizens so that our Governments can bailout or bail in tax evading banks and insurers etc again and again, to save their fraudulent lying corrupt corporate backsides.

 

Then we have the “ECB” European Central Bank, a bunch of un’elected “banking gangsters” who’s mandate is to protect the Euro and create profit for banks, corporate giants etc and create debt for you. Knowing the true value of the Euro is lower than the value of the paper it’s printed on because of the corruption it protects.

 

Meanwhile we have debt mountains humongous unemployment starvation depression suicides. And a complete mistrust of ministers MP’s Governments financial institutions banks insurance companies corporate giants. And the European Union who have never balanced its books or audited its accounts or accounted for the missing £billions? Now most likely £trillions.

 

Then to cap it off there is no growth and no future prospect any or employment, instead we have huge corporate giants sitting on mountains of cash and banks that wont lend. And Central banks printing money from thin air to devalue your money even further.

 

And the European Union, creating more taxes while inventing new directives to collect even more taxes from its starving citizens. While its corporate giant buddies they play ball with go tax-free.

 

Our membership of the European Union requires that EU law shall become part of the internal law of member states and shall be accepted and applied by their national courts.

 

Meaning that (we must accept EU law that bypasses our elected parliament) and “we have no say in this matter”.

 

When you vote “remember” you vote the government in or out. Choose wisely if you want a voice with a “Say”.

 

You can bank on knowing now – (who owns your money in a bank).

 

DID YOU BUY GOLD,

Saturday, May 11th, 2013

“WHERE IS YOUR GOLD”

Where did you buy your gold from?

 

Have you invested in gold, MAYBE NOW YOU should ask for its delivery?

 

My guess is that your gold is held in secure bank vaults and you pay for its insurance and the storage.

 

Its an even bet the author could guess that if your “GOLD VALUE IS SIGNIFICANT” and you ask for delivery of the gold. “You will not get it”.

 

The odds are even better that you will be “offered cash instead”, or that you will be stalled for a very long time by the bank broker etc while they try and buy some physical gold “they don’t have”.

 

As an experienced businessman THE AUTHOR SAYS” the odds are stacked so high against you owning any physical gold that I’d put my shirt pants socks and shoes on it.

 

In fact regardless what type of precious metal you have bought against inflation and devaluation of currencies the odds remain very high your bank broker etc cannot show you the gold etc and won’t deliver the metal.

 

You need only ask yourself this one question when you bought the GOLD DID THE BANK ETC GIVE YOU THE SERIAL NUMBERS of the gold silver or platinum bars.

 

My guess is that you invested in a gold- pooled account and that you don’t own a specific chunk of gold. You have just invested in a promise that you will just get your money if you decide to sell your? “Gold”.

 

ALSO YOU WILL NEED TO TRUST YOUR BANK/ BROKER because the author’s shirt pants socks and shoes SAYS HE DOES’NT HAVE THE GOLD? Why not ask for your gold, “its yours”.

 

Then think about this “ALL THE GOLD EVER MINED ” would fit in your backyard. Then imagine how many investors in the world like you bought gold, “where on earth is it all coming from”. This is a very big backyard.

 

Remember when ordinary people risk losing everything they take emergency measures and lose their commonsense by trusting these gangsters.

 

Check now because this huge amount of gold cannot exist. And information suggests some of the £30,000 + 1kg gold bullion bars may just be fake fools gold? As well as the 1ounce bars and coins.

 

There are also high profile cases of fraud involving the sale of gold to investors that the banks etc did not have or own. Nothing has changed, we still have the same corrupt fraudsters banking on you not knowing, they just sold you a promise.

 

And a bank promise is just as bad as an insurance company certificate, “its worthless”— if they just take your money and run away “when you make a claim” . Both are just crooks in suits that cannot be trusted with anything of value to you.

 

Do you remember Cyprus and what theEU banks and Governments confiscated?

 

Itsfraud.com

Links to the EU Banks Pawnbrokers Loansharks & Thieves

Monday, March 25th, 2013

 

  • European Union               europa.eu

 

 

 

 

  • European Court of Auditors                       www.eca.europa.eu

 

  • European Investment Bank                www.eib.org

 

 

  • Economic and Social Committee                                www.eesc.europa.eu

 

  • Committee of the Regions of the European Union             www.cor.europa.eu

 

  • European Ombudsman                                        www.ombudsman.europa.eu

 

  • EU News                                                               Europa – EU News

 

 

 

 

  • Bank for International Settlements                                                      www.bis.org

 

  • International Monetary Fund                                                                         www.imf.org

 

  • Organisation for Economic Co-Operation and Development               www.oecd.org

 

 

 

 

 

 

 

 

 

 

 

  • Estonia                                     Eesti Pank

 

 

  • France                                      Banque de France

 

 

  • Greece                                     Bank of Greece

 

 

 

  • Italy                                          Banca d´Italia

 

  • Latvia                                       Latvijas Banka

 

  • Lithuania                                  Lietuvos bankas

 

 

 

 

  • Poland                                      Narodowy Bank Polski

 

  • Portugal                                   Banco de Portugal

 

 

 

  • Slovenia                                  Banka Slovenije

 

  • Spain                                        Banco de España

 

  • Sweden                                  Sveriges Riksbank

 

 

There is only one thing on any thieves mind “stealing your money” ? and there is honour among thieves,,,,, are you one of the above.

 

EU & IMF GANGSTERS STEAL 10%

Monday, March 18th, 2013

 

 EU, IMF & CYPRUS ARE STEALING ITS CITIZENS BANK SAVINGS.

 

THE EU, IMF & CYPRUS decided a deal to steal 60% upwards and freeze accounts from Cypriot Citizens Bank Accounts, to pay off part of an IMF/ EUROZONE LOAN.

 

Just another BIG EU BANK BAILOUT, NOW IT’S CYPRUS AND ITS BANKS, stealing everyone’s money. This now shows clearly your money is not safe in any bank ANYWHERE.

Banks have legal privilage this means that when you deposit your money in any bank or building society they own the money, it is no longers yours.  Also bank guarantees are not worth the paper they are written on. They are Limited companies who can easily go bust i.e. Made insolvent and the major banks like RBS– in trouble are held by the Government under a limited Company

 

But this time the European Union and the International Monetary Fund has shown its true colors. They are just another TAX MACHINE, GANGSTERS STEALING PEOPLES MONEY. Using a law they made?

 

Their greed to feed their vile voracious habit has cause worldwide mistrust and condemnation from all sectors of society. “Quite simply” they have gone to far.

 

Ordinary people are now talking of “major civil unrest”. Listening to several discussions in a local café one person said quite clearly, they are just parasites, cowards who steal off the poor and rob old ladies.

 

Everyone you meet is expressing this sentiment of horror and worse; quite clearly the European Unions leaders have not considered the consequences of their actions. It has backfired and now peoples attention is being drawn to the effect the EU has had on their lives. And this has been tax tax tax and regulations with tax tax tax..

 

The author’s opinion is comparable most people now know that it is no longer safe to keep money in any bank. When you hear comments from the European Unions leaders, saying (they are quite sure it wont cause a run on other EU Banks). They are spouting garbage and deserve being treat like trash. (BIN THEM).

 

Ordinary citizens will soon need to vote in elections, the vast majority wanting a referendum on getting out or staying in the European Union. My vote will be to “get out” (when you have a bunch of EU crooks Governing “who will steal” your children’s food out of “their mouth”. Then law and order has broken down and it has no place in a democracy.

 

And now everyone knows banks are just corrupt greedy gangsters.

 

Latest situation sujjests Cyprus will default leaving the IMF & EU in a fix “meaning Cyprus” will dump the Euro and return to its own currency. This will have the effect of savings its citizens around 60%  in Taxes and regulations introduced by the EU that were starving its people and its businesses. Now they will be able to compete with much lower prices and guess where the tourists will head first.

The European Union has shot itself in the foot with the lender of last resort the IMF. Together they have set back the trust in Banking 300 years. Now banks will lose its deposits from savers since they have been shown just what a shower of crooks Banks are.

Whats the odds on the banks losing customers deposits and being split up now ? (90%).

Also the latest news from Draghi is they will do whatever it takes to save the Euro and EU, perhaps this means they will take your money now as well.

 

 

 

 

Parasite “banks” and “insurance companies”.

Saturday, March 9th, 2013

Parrasites or financial services “Goldman sachs” is it a bank ? or “visa” or “Zurich insurance group” or “the bank of America”, also the “UN bank” or the “World bank” or the “European Union” and the “ECB” plus the “BIS” all are thieves, stealing your money under the umbrella of a “limited company”.

“The bank of America” for example owns “Visa” and about 98% of all other major cards like “Visa vs. MasterCard” and what for example is “European monetary union” or a “UN declaration” or the “European Union” and its “austerity”– all appear to be just institutional gangsters with no difference between them and the “Mafia”.

The ECB European Central Bank WHO VOTED IN THIS BUNCH OF GANGSTERS WHERE IS THE LAW THAT SAYS THEY CAN CONTROL OUR MONEY, OUR BANKS OUR GOVERNMENT OUR FINANCIAL SYSTEM OUR EUROPEAN UNION. DID YOU VOTE FOR THESE PARRASITE BANKERS ?

Whilst profit is just good business, the institutions banks and insurance companies are just corrupt fraudulent “parasites” third parties who feed on the lifeblood of others. Feeding its host with an indoctrinating shower of media hype controlled –by the sector, we have become their “slaves” enshrined and controlled.

Look at the “financial crisis” this was the fault of  “corrupt greedy” fraudulent insurers and “banks” who bet their customers money on bad bets. Insurance companies like “AIG “ then a subsidiary of “Zurich Financial Services”. Bankrolled by the “US Government” when it could not pay out claims, “bailed out” by “you”, now its parent company is called “Zurich Insurance Group” and like before it has a myriad of different trading and company names “Chartis”, “Ace”, “Aig” ,“Zurich Municipal”.

 

All of the above, and many others like them, are one “Gigantic Parasite” destroying the world economy and your future, for their own “pure greed”. The law means nothing to these “Gangsters” they have “immunity” and can freely commit any “crime” with impunity. If you defrauded or stole money from any of them say £20,000 “you” would be “jailed”, but they can steal £ billions and just be fined.

 

We have the “FSA” the “UN code” the “European Union” and the “FOS” all of cause –is all funded by the “financial services” industry “gangsters”. Should you trust them, “like hell” you should, these are just “limited companies” set up by “Government” to create a safe entity—- to steal your money or delay any legal action by you.

 

What we have is a “Nazi” type world domination of the “financial services industry” the elite who know they are “above the law” –so far, but now their greed “Austerity” forced on countries “undemocratically” by unselected leaders is no longer acceptable.

 

Ordinary people are protesting, it’s the majority, “young and old” who have been paying for the crimes of banks and insurers and the rest of the financial sector. The masses have had enough, and banks will pay, alongside their corrupt parasitic insurance company crooks—- in the forthcoming elections.

Look up: Alison Taylor blows the whistle re  child abuse  Gwynedd county council and insurer “Zurich Municipal”, this scandal is an example.

The author is quite happy that these abuses are now being televised at prime time. Itt was only a matter of time before ordinary folk broadcast the truth.

Banks €16 Trillion loan from you.

Wednesday, March 6th, 2013

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

The list above of institutions who received money from the Federal Reserve

Can be found on page 131 of the GAO Audit, its fraud, bank fraud.

http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf

A couple of interesting topics related to banks. Copy the above into your Browser.

The Parliament site listed below contains many usefull and extraordinary witness statements, Links have been included.

 

You are here: Parliament home page > Parliamentary business > Publications and Records > Committee Publications > All Select Committee Publications > Commons Select Committees > Treasury > Treasury

 

Banking Crisis – Treasury Contents

Memorandum from T W R Davie.                      Click the above :Treasury Contents for full details.

This letter by the author above explains in very good detail why the banks should be broken up, a brilliant article.

I have been studying monetary control for 40 years and have read widely on economics and related it to my experience in industry. I started work with ICI making polythene at the then cutting edge of technology, followed as Works Director of a glass container company with a thousand employees and then ran my own manufacturing company making my inventions with world wide sales for over 30 years.

1.  Over 20 years ago I tried to persuade the Conservative Government that the private banking system was out of control and that they should be prevented from creating money, so that the Government could create money itself without causing inflation. Since then the situation has been allowed to get far worse. Only £3 out of every £100 we use is genuine government backed money the rest is only as good as the bank account you have it in. This has always been legal forgery but has been allowed to become grand larceny. It now threatens the whole of the world economy. It is a casino where real money flies around at hundreds of times real trade, breeding fraud and corruption on an epic scale. It must be stopped before any real progress can be made and this report describes the way it happens and the way to stop it.

2.   Attachment No 1 How the banks create new money. The crucial role of the central clearing system and the enormous amounts of money created. It shows a bar chart of the increase in money as measured by M4.

3.   Attachment No 2 Monetary flows through the central clearing system (APACS). The graph of clearings clearly illustrates the enormous disparity of the money in use for speculation compared to the real economy and its precipitous fall during 2008, which is unprecedented since the records began in 1970.

4.   Attachment No 3 describes the failure of all attempts at controlling the money supply since the end of the Second World War leaving only changes in short term interest rates as a control over demand for loans. Controlling the supply of money was abandoned in favour of trying vainly to control the demand for money. The resulting creation of money by the private banks has gone into cyber space on the back of exploding computer power and the Central Clearing System, which allows the member banks to create money almost as easily as if they were one monopolistic bank.

5.   Attachment No 4 The shortcomings of the CPI as a target and interest rates as a control. The CPI is neither a true measure of our rate of inflation nor is it much affected by our only control lever, namely interest rates. It is not possible to control both inflation and the exchange rate with only a single control. Increasing interest rates has the perverse effect initially of raising inflation.

6.   Attachment No 5 “100% Registered Money” is the answer to all the problems described above. It is similar in principle to Irving Fisher’s proposal of 100% base money in 1936, but would be far simpler to operate. It would completely stop banks from creating new money. It would allow the Government to create all new money with far less danger of inflation than we have faced from allowing the private banks to do so. It would allow us to safely spend our way out of recession. It would save enormous amounts of taxation and Government borrowing and would finally give us a second and highly effective control lever over exchange rates.

7.   Attachment No 6 Brief comments on each of the original headings in the Treasury Committee press notice.

Attachment No 1 How banks create new money

1.1 Nearly all of the money we use was created by banks that are members of the central bank clearing system (APACS) in the form of loans. A new loan returns to the bank or another bank in the system as a deposit when the borrower spends the loan. Deposits continually increase because banks lend more than they receive as deposits. Money exists almost entirely in the form of bank deposits while cash is only £3 out of every £100 we use. Money in the form of bank deposits is effectively legal tender because it can be converted into cash at the swipe of a debit card, for just as long as the bank is still solvent. In the UK any large bank that looks as though it will fail is rescued or nationalised by the government. The alternative is too dreadful to contemplate—the loss of 97% of all the money in use, as one bank failure would lead to another.

1.2  The fact that banks are able to create money in a form that is universally accepted as legal tender raises the question of how the amount they can create is controlled and who benefits from the introduction of new money—”The Seigniorage”. The next question is how to measure and control the rate of growth of new money and the final question is how to preserve confidence in the banking system, because confidence or blind faith is all that stands between us and financial Armageddon.

1.3  In the UK the power to create new money is reserved to members of the central clearing system known as APACS. The power to create new money depends on being a member of the clearing system because a loan made by a member returns either to the member making it or to other members of the clearing system when the loan is spent. If all members of the clearing system make new loans at the same rate and in proportion to the number of their current account customers an amount equal to the loans made will return to each bank. The term “new loan” is used for loans made by a bank of money not received by them in the form of deposits before making the loan: this is new money which raises the monetary aggregates as measured by the statistic M4.

1.4  At first sight you might think that the new money created in this way would be extinguished when either the loan is repaid to the bank making it or the debtor is unable to repay. However, in the case of repayment the money repaid is available for making further loans. In the case of failure to repay, the money has already been deposited partly in rival banks or partly back with the bank first making the loan. Once new money has been created it must continue to circulate in the clearing system because it can only be spent by debiting a bank account and crediting another bank account, and as soon as it is deposited in a bank it must earn its keep by being re-lent at a rate of interest higher than that paid by the bank on the deposit.

 

1.5  The chart of M4 between 1963 and 2007 shows that the money supply has grown every year. At the end of 2007 it had reached £1,674 Billion (GDP is about £1,340 Billion). Although GDP has been falling during 2008 M4 has continued to rise and increased by £42.9 Billion in October 2008 with a 12 month growth rate of 15.1%. This rate is well up to the levels leading up to the crash of 2007. M4 lending continues to lead M4, increasing by £52.8 Billion in October. It seems that the banks are still lending more than ever and if this is so to whom are they lending?

Attachment No 2 Monetary flows through the Central Clearing System (APACS). T W R Davies December 2008

2.1 The rate at which money flows through APACS is a good indicator of what is happening in the banking system. The upper curve on the chart below shows the curve for CHAPS which represents major transfers (largely speculative operations) between banks who are members of the system. The lower line, which barely shows on the chart, shows the total of cheques, credit and BACS transfers, which represent the real economy.

2.2 The lower line exaggerates the real economy because of duplicated operations and the total reached for 2007 of £5,062 Billions should be compared to GDP of £1266 Billions for 2007.

 

2.3  The chart clearly shows the enormous expansion in speculative flows (CHAPS) that completely dwarf the real economy, with two minor setbacks (1991 and 2002) until in 2008 these speculative flows fell off the edge of a cliff. At the same time the real economy continued to increase at only slightly reduced rates. The peak rate of flow through CHAPS was £127 TRILLION in the year to January 2008 when it imploded. Comparison with GDP of not much more than £1 TRILLION gives some idea of how insane the gambling had become and remember that this is real money, a speculator only needed a tiny part of it to be rich beyond the dreams of avarice.

2.4 If only this was monopoly money it would not be a serious matter. Only the gamblers would lose. Unfortunately it is genuine money and what is even more horrifying is that the supply was increasing as fast as the gamblers needed it and could make up a good story to get the banks to finance their next bet. It moved industries from one country to another, it put property prices into orbit, and it moved exchange rates, but the only end product was a lot of surplus offices and general misery. There must be a better way to run the economy.

Attachment No 3 Existing controls on banks creating money

3.1  A reduction in bank money only happens if a bank becomes insolvent In this case its deposits disappear and its depositors lose their money. Until 2007 this was a rare and relatively unimportant occurrence in the UK although it was always far more frequent in the USA. The failure of hundreds of banks in the USA in the 1930’s caused the great depression. The domino effect of bank failure in 2008 in the UK has been prevented so far by direct government intervention in the form of complete or partial nationalization. The source of government money used to carry out this operation has until now been taxation and borrowing but this will be inadequate and cause even more problems. The government will be forced to resort to creating money itself and will have to prevent the banks from creating it.

3.2  Every form of control over the banks tried during the second half of the 20th century failed. The money supply created by the banks went on increasing, leading to ever more serious asset price bubbles. The situation was compounded by the arrival of faster and faster computers and ever more ingenious derivative investments on top of extreme currency speculation. The situation had reached virtual monetary anarchy by the beginning of 2007.

3.3  By the beginning of the 1990’s all forms of control apart from changing minimum lending rate to control the demand for loans had been abandoned and the only target became the rate of inflation as measured by the Retail Price Index (RPI) and later the Consumer Price Index (CPI). Both of these indexes are fatally flawed and the CPI is even worse than the RPI because of statistical devices and the omission of several important factors in the true cost of living. We can sum up the present system of failed monetary control in the UK as follows:

3.4  The supply of loans by members of the clearing bank system was limited only by the demand for loans by suitable borrowers, as the amount available could be increased by the creation of new bank money. Suitable borrowers were those who had the ability to pay the interest and could, preferably, offer tangible security in the form of property, shares or other assets. The demand for loans was constrained by interest rates and driven by the expectations of borrowers that the price of the assets they intended to buy with loans would increase and/or yield more interest than they paid on the loans. These expectations were self fulfilling by the ever increasing volume of new bank money chasing a finite amount of real assets.

3.5  The major problem arising from the use of interest rates to control inflation is the resulting loss of control over exchange rates. If we raise interest rates to reduce inflation the pound immediately rises in value even if we do not wish what is left of our manufacturing industries to suffer the resulting losses. We are now seeing the reverse effect as the pound spirals downwards.

3.6  The European Central Bank (ECB) faces an even worse problem as they try to control the money supply in 13 countries all with differing economic circumstances and without effective central political control over individual members’ budgetary policies. The President of France, M Sarkozy has clearly shown that he intends to prevent French industries from being damaged by a strong Euro even if this means putting pressure on the independence of the European Central Bank. This could lead to the destruction of the Euro as a single currency for Europe.

3.7 Many people still believe that the textbook reserve base system places a limit on monetary expansion by the banks, but in fact the UK authorities have never used such a system and have fought hard to prevent it. Bagehot explained that this was not the way the UK banking system operated in the 19th century. Fluctuations in the ratio of gold and/or notes to deposits held by banks were so large that no credit multiplier made sense.[56] However the gold standard did provide a long stop against the continuous creation of new bank money. Today there is no credit multiplier apart from statutory liquidity ratios and a bank can easily purchase eligible liquid assets out of profits.

Attachment No 4 Shortcomings of the Consumer Price Index as a target for inflation and of interest rates as a control over inflation

 

4.1  The chart above, shows the CPI, which is currently used as our inflation target split between the inflation rates for goods and services. The CPI was introduced into the UK in 1996 and took over from the RPI as our target for inflation in December 2003.

The Consumer Price Index can be divided into two parts: Goods and Services. The Goods part has been very subdued for a long time while the Services part has been running at about twice the figure published for the whole index, as illustrated in the chart.

4.2  The main reason for the virtually zero rate of inflation for Goods is that a very high proportion of our goods are imported from China and the price of these goods has been kept down both by much lower production costs in China and by an increasingly favorable rate of exchange against the Chinese Yuan.

4.3. Changes in the world price of commodities such as oil or metals is bound to have a direct effect on any price index which does not deliberately exclude them but changes in these prices cannot be controlled by changing our interest rates.

4.4  It is therefore futile to target the CPI as a measure of inflation because it is neither a measure of our rate of inflation nor is it much affected by our only control lever, namely interest rates.

The shortcomings of interest rates as a control over moneysupply and inflation

4.5  Our high interest rates have been the only thing holding up the pound on international exchange rates in the face of our persistent deficit on overseas trade. This is clearly demonstrated by the fall in the pound following recent reductions in interest rates. This is the most serious reason for not relying on interest rates to control money supply and the most persuasive reason for having direct control over our money supply in the form of 100% registered money.

4.6 The immediate effect of raising interest rates is, perversely, to raise the rate of inflation, particularly of housing costs. It is only indirectly by reducing the demand for loans and hence the increase in money supply that interest rates eventually reduce the rate of those parts of price inflation that are under our control. Higher interest rates can only affect the price of imports by their temporary effect on the exchange rate. There is a long time delay, possibly years rather than months, between raising interest rates and a consequent reduction in domestic borrowing leading to slower price increases. Such long delays between application and effect are bound to give highly unstable results.

4.7. The primary cause of the present crisis is the creation of enormous quantities of debt from loans created virtually ad lib by the private banking system. This should have been curtailed by raising short term interest rates but it was not done. In fact interest rates were lowered whenever the economy started to flag.

4.8  We are now committing the same error on a grand scale by further attempts to float ourselves off the rocks on a further flood of bank credit by reducing interest rates to near zero. It might work eventually if wage rates keep rising to erode debt by inflation. In Japan it failed because wages fell, making debt an even heavier burden. Zero interest rates could lead to even more debt giving only temporary relief to some at the expense of others suffering more misery from inflation. It is mad to increase the dose of the drug that has led us this state.

Attachment No 5 100% Registered Money

5.1 All text books on economics describe the way retail banks’ ability to create money is limited by having to hold a set fraction of their reserves in the form of cash and balances held at the Bank of England (BoE) known as “base money” but this has never been true of the UK.

5.2 In order to prevent banks creating money the idea of 100% base money was proposed by Milton Friedman[57] and Irving Fisher,[58] amongst others. For a full description of how this reached the stage of being a bill before the US Congress in the 1930’s visit Stephen Zarlenga’s site http://www.monetary.org/ and look for “The Chicago Plan” and later variations.

5.3 As base money[59] is no longer in use as a control on money supply in the UK and because it is difficult to define and distinguish between different types of deposit it is proposed that all deposits be registered at the Bank of England and after registration shall take the status of legal tender.

5.4 In a free society it is not possible to prevent anyone lending money, including banks, but it should not be possible for banks to create new money in ever increasing quantities without any obvious limit, especially when the money created can be converted into notes at the swipe of a plastic card and is, effectively, legal tender. Anyone can extend credit and in most cases it is for goods, services or money already in existence. However the present banking system currently allows the creation of new money which is effectively legal tender in vast quantities.

5.5 Membership of the central bank clearing system (APACS) means that all new deposits created by the member banks become part of the ever increasing mass of new money circulating in the banking system. Bank money exists only in the form of deposits at banks and is virtually indestructible unless a bank becomes bankrupt in which case the Bank of England attempts to arrange a takeover by another bank. If this fails the failed bank will be nationalised in order to prevent more bank failures triggered by the first. Deposits at clearing banks are effectively guaranteed and have permanence because the only way they are transferred is to another bank account or as cash. The great depression of the 1930’s was caused by the failure of hundreds of USA banks, falling like dominoes.

Proposal

5.6 All existing deposits in clearing banks and licensed deposit takers such as Building Societies will be registered at the Bank of England. From the day that this is carried out all transactions through the central clearing system (APACS) will be done by debiting the account of one bank and crediting another in exactly the same way as at present, but will in addition change the balances registered for each bank at the Bank of England (BoE)—only the balances would be transferred between banks at the end of each day—again as at present. Any bank ending a day with an adverse balance or wishing to increase its deposits would have to do so by raising money from other banks, the public, or the BoE. As only registered money could be transferred through APACS the total quantity of registered money could not increase except in the form of loans by the BoE or through direct government expenditure unfunded by taxation or government borrowing. Only registered money would be legal tender.

5.7 It would be up to the banks and other financial intermediaries to register all their deposits with the BoE. Overseas deposits denominated in Sterling would need careful examination before being allowed, particularly if held in places like the Cayman Islands.

5.8 On the day after all deposits were registered there would be no change in the quantity of deposits available to bank’s customers except that these deposits would effectively be guaranteed by the BoE in the event of failure of any bank holding registered deposits. As all deposits held by clearing banks (as measured by M4)[60] would be guaranteed there would be no risk of lost deposits in the event of bank failure. As the total of all deposits would be registered, the act of transferring deposits from a failed bank to other banks would not increase the total money supply and would not require the BoE to “create” new money.

5.9 All deposits registered at the BoE would be “Legal Tender” by definition. Access to these deposits could only be through a financial intermediary, normally a bank who is a member of APACS. Deposits are of varying maturity, from instant access including internet only accounts with credit card facilities, to terms of several years. Deposits of longer maturity are less likely to be used for expenditure, although they often can be withdrawn on payment of a penalty. Difficulties in defining the multitude of monetary measures led to central banks abandoning all targets except inflation and abandoning all controls apart from changing interest rates.

5.10 Under these proposals there could never be a run on a bank or other financial intermediary, such as a building society if it got into trouble through unwise lending as all deposits would effectively be guaranteed by the BoE. In serious cases a bank could be allowed to go bankrupt—its loans would be sold to help pay off its creditors and its deposits transferred by its depositors for re-investment in other banks or financial intermediaries. Alternatively it could be nationalised as a less disruptive alternative. This would help to concentrate the minds of bank managements and virtually eliminate “moral hazard”.[61]

5.11 Taking the case of Northern Rock as an example: In the first place it would have been far more difficult to use their particular method of financing by short term inter bank loans because other banks could not create money to lend. It would have to have been registered money. In the second place they could have been allowed to become bankrupt just like any ordinary non bank company, their share holders would have lost their money but their depositors’ funds (private or commercial) could simply be moved to any other bank of their choice. Moving the deposits registered at the BoE would not require any new money from the BoE, they would simply be re-registered in the name of another bank. The loan book and other assets would be sold at whatever price they would fetch on the open market. Directors would not receive any compensation.

5.12 Registered deposits would be indestructible. They would have a life of their own, held by banks acting as intermediaries on behalf of their depositors. They would be lent by banks in exactly the same way as they are now but they would not be increasing at anything like the speed M4 now increases and as a result banks would not be under pressure to find ever more risky loans “off balance sheet”.

5.13 New deposits flow into a bank in the normal course of business from the activities of its customers and in so far as deposits come in faster than payments a bank would have money available to increase the amount it lends. Deposits from individuals and businesses would be steadily increasing as a result of unfunded Government expenditure (Seigniorage). A bank could supplement its trading receipts by attracting savings at the going rate of interest,—or by borrowing money from the BoE.

5.14 At this point the total amount of registered money could only be permanently increased by Government expenditure, unfunded by tax receipts or borrowing by the Government, made by direct payments from the BoE on behalf of the Government. This would be new money adding to the M4 measure of money supply. There would be no other way of increasing M4.

Seigniorage

5.15 New money created by unfunded government expenditure could be used as a substitute for general taxation or government borrowing. This new money would flow into the clearing bank system as it was spent by the private sector (after receiving it from the government) and increase the bank deposits available for making loans by banks to the private sector. A great deal of new money would be needed to reduce the damage already done and a large amount could be spent into the economy by the Government without risking inflation provided that the banks were under control.

5.16 The amount of new money created each year would be decided by a body independent of the government somewhat similar to the present Monetary Policy Committee but with greater independence from political control. The quantity of new money created would be limited primarily to control the rate of wage and property inflation. The amount of new money created would be much less than the rate at which M4 is now increasing because so much of the new lending by the private banks goes into purely speculative activities. It would however allow a considerable reduction in taxation and make it much more difficult to use money borrowed from banks for purely speculative leveraged activities by Hedge Funds and Private Equity “buy outs”.

Effect on external money flows and exchange rates

5.17 Britain is an island geographically but very far from being an island economically. We have an adverse trade balance, as we buy far more abroad than we sell. Our balance of trade for the year to March 2008 is minus $177 billion (rising to $186 billion for the year to June). We have been spending more than we earn for a very long time and as a result the value of the pound is bound to fall. It may take months or it may take years, but it will certainly happen. It can be staved off temporarily by borrowing abroad or selling our assets but eventually we must either balance the books or begin to feel poorer.

5.18 After all deposits have been registered at the BoE we will have an accurate figure for the total amount of Sterling for the first time. As a currency limited in quantity, Sterling would be very attractive to foreign investors even at very low or even zero interest levels. This would make it easier for us to prevent the value of Sterling falling against other currencies but may result in Sterling being valued too highly for what is left of our manufacturing industries to compete in world markets.

5.19 There are measures that could be taken to limit the adverse effects of having too strong a currency although many of them fall foul of EU regulations and World trade agreements. If, however, we continue to run a trade deficit at present levels and if it is no longer so easy for our banks to convert money borrowed in foreign currency into Sterling, we may be glad that our currency will be more attractive to hold as an investment in its own right.

5.20 When other countries, particularly the EU and USA, see the advantages of 100% registration of money they will copy us. It is not possible to predict the effect this will have, but we will all have more control over exchange rates and hopefully the world will follow us into a more stable monetary future. The situation now is near to anarchy and it is obvious that the monetary authorities have no idea what to do. If interest rates are cut to the bone we can expect a re-run of the “burnt fool’s bandaged finger going wobbling back to the fire”, or perhaps a copy of Japan’s inability to prevent deflation in spite of zero interest rates.

5.21 By moving immediately to 100% registration of bank deposits most of the present problems would simply disappear and banks that have been very rash could be safely allowed to fail if not nationalised. At the same time we would get a bonus in the form of seigniorage allowing a reduction in taxation and lower interest rates to take the strain off over- borrowed mortgage holders.

5.22  If 100% Registered Money was adopted by the Euro Zone the seigniorage would remove the need for contributions by member States. It would make the need for political integration in order to control the money supply unnecessary. It may well be the only hope of a stable future for the Euro.

Attachment No 6: Treasury Committee enquiry into the banking crisis January 2009. Comments on numbered questions

1.  Securing Financial Stability

1.1  Auditors were clearly not looking for the right signs of trouble.

1.2  Credit rating agencies failed to detect impending problems because they were not aware of them and not paid for finding them.

1.3  Hedge funds depend on the ever increasing supply of new money. If this was not available their gambling operations would be a zero sum game. See 100% Registered Money.

1.4  No comment.

1.5  No comment.

1.6  Remuneration could not be so excessive if the ability of banks to create money was removed.

1.7  The adoption of “100% Registered Money” described below would obviate the need for any other reform to capital and liquidity requirements.

1.8  The proposals below would make a great difference.

1.9  Take away the fuel in the form of unlimited new money and the raison d’etre for complicated financial products would disappear.

1.10  Under 100% registered money there could be no risk.

1.11  Financial journalists should be more investigative, not less.

1.12  Virtually complete failure to see problems arising. There are very few people capable of doing this.

1.13  The banking system is absolutely essential; but it must be prevented from creating new money. It does need more competition and the larger banks should be broken up.

1.14  Short selling is a de-stabilising factor. It is pure gambling and serves no useful purpose. It should be banned.

2.  Protecting the taxpayer

2.1  Obviously no one in the Government had any idea what was going wrong and are at best holding the line before putting long term ideas such as those proposed below into effect.

2.2  The nationalisation of Northern Rock and Bradford and Bingley was the only possible solution at the time. See long term proposals below.

2.3  Probably the only stop gap measure available but see below.

2.4  Long term strategy is covered below.

2.5  See proposals below.

2.6  See proposals below.

3.  Protecting consumers

3.1  See proposals below.

3.2  Provided that there is more competition between banks there does not seem much harm in allowing them to sell insurance but probably not to act as insurers. Investment banking is only another aspect of lending money and there does not seem any reason to stop banks doing this provided they cannot create new money.

3.3  The retail financial services sector is already too consolidated.

3.4  Pricing of products indicates too little competition.

3.5  No comment.

3.6  Deposit protection would be “built in” to 100% Registered Money, as would the problem of “Moral Hazard”.

3.7  No comment.

3.8  Consumer confidence in financial institutions has been badly shaken but proposals below will rectify this.

4.  Protecting shareholder interests

4.1  Bank’s accounts have obviously not given enough information to allow shareholders to assess them properly, eg who knew that Northern Rock had only one eight of its loans covered by deposits? Sovereign wealth funds are a danger to the future financial independence of the country but this is only one symptom of a chronic imbalance of payments. If we continue to import more than we export we are bound to become poorer. The effect of this on the exchange rate has been concealed by our undoubted skill in borrowing money but this has completely fallen apart.

4.2  Shareholders have shown very little aptitude for managing any sort of institutions quite apart from banks. This is a problem that has existed as long as joint stock companies. It was pointed out by Adam Smith as a weakness. It would help if borrowed money was not as readily available as an alternative to equity as this is one of the major by-products of banks creating new money. The tax structure should be changed to favour the use of equity rather than loans, if only to make companies more resistant to periods of trading loss.

December 2008



56   David Gowland. “Controlling the Money Supply” 2nd Edition 1984, Croom Helm. Back

57   Milton Friedman: Essays in Positive Economics, 1953 pp 135-6. Back

58   Irving Fisher: “100% Money” first published in 1936. Back

59   Page 5 of “A Solution to Monetary Chaos” (February 2008) T W R Davies. Back

60   The three most used official measures of “Money supply” are:<para>Mo. Referred to as the wide monetary base, includes cash in circulation with the public and cash held by banks and building societies, plus banks operational balances with the Bank of England. <para>M2. Cash in circulation with the public (but not cash in banks and building societies, plus private sector retail deposits<para>M4. M2 plus private sector wholesale sterling deposits in banks and building societies, plus sterling certificates of deposit. M4 is referred to as “broad money” or simply as the “money supply”. At the end of March 1999 M4 totaled £791 billion and had risen to £1,674 billion by the end of 2007. The increase was due to bank lending in excess of deposits. Back

61   “Moral Hazard” is used to define the tendency for banks to become too relaxed about financial failure because they believe they will always be rescued by the central bank to avoid contagious bank failures. Back

 


 

Memorandum from Timothy Hicks, FCA, Ex-Development Accountant for the HBOS Subsidiary Clerical Medical Europe 1.  PERSONAL CREDENTIALS1.1  I am a Chartered Accountant qualified in 1986.1.2  I have worked in Financial Services since 1990, specialising in internal control and have experience in fraud investigation and computer systems.1.3  In 1998 I submitted evidence to the Nolan Committee on Standards in Public life on protection for whistleblowers.1.4  I was employed by HBOS from October 2002 until August 2005 in their subsidiary Clerical Medical Europe in Luxembourg.2.  BACKGROUND2.1  Clerical Medical used an electronic system to approve all invoices, expense claims and credit card bills in which they would be scanned into the system and sent to the approver to electronically authorise. In September 2004 it came to my attention that the Sales Director had given his password to all of the Finance systems to a temporary secretary and told her to approve all invoices, expense claims (including her own) and credit card bills without reference to anyone else. I objected to this because it was contrary to bank policy, constituted a material failure of Financial Control and allowed an outsider to pay her own expenses and hundreds of thousands of Euros worth of invoices without any review or supervision by HBOS. On a related issue, I also complained that Clerical Medical did not have an expenses policy and that consequently the European Strategy Director was authorising expenses claims from his employees for cigarettes and which were unsupported by receipts. I reported both of these matters to the Finance Director, who refused to take any action. The European Strategy Director then made a written complaint about me because I had asked him not to authorise the payment of cigarettes with HBOS funds and not to approve expenses claims which were unsupported by a receipt.

2.2  The temporary secretary that had access to the passwords complained about me to HR and alleged that I had called her “incompetent” in an e-mail. This was an allegation of gross misconduct, for which I could be summarily dismissed, so I was interviewed by the HR Manager. I denied the allegation and asked to see the e mail in which I had called the secretary “incompetent”. The HR Manager was unable to produce any such e mail and agreed that the allegation was without substance and I was acquitted. I now believe that this was an attempt to dismiss me for gross misconduct because I had reported failures in Financial Control.

2.3  In January 2005 I was told by the HR Manager that I was being made redundant under a restructuring called Project Crystal. This was a falsehood and HBOS subsequently accepted that Project Crystal had finished some time before and my redundancy was not part of Project Crystal. It was clear to me that I was being made redundant because of the conflict that arose because I had reported failures in Financial Control, so I submitted a formal complaint under the HBOS whistle blowing procedures.

2.4  The Group best Practice manager notified local Clerical Medical management that I had submitted a complaint under the whistle blowing procedures and I was interviewed by HR that day, told to leave the office immediately, escorted off the premises and subsequently made redundant. HBOS also withheld my bonus, although this is not done when an employee is made redundant, only when he is dismissed for gross misconduct.

2.5  The complaint was investigated by Mr Moore’s successor as the HBOS Good Practice Manager whom Mr Moore describes as being a sales manager who had “never carried out a role as a risk manager before”. During the investigation, it became clear that the Chairman of the Audit Committee and the investigating officer did not understand the terms of reference of the investigation. The investigation confirmed my allegation that the Sales Director had given away the passwords to all of the Finance Systems to a temporary secretary and allowed her to make entries in the systems on his behalf, but concluded that this was not a failure in Financial Control and refused to support my case. This conclusion was supported by every member of the Audit Committee, the HR Director, Internal Audit and the Finance Director. I consider that this conclusion was perverse. HBOS also refused to implement an expenses policy for Clerical medical in Europe.

2.6  When the case came to Court, I claimed that I had been forced out for complaining about failures in financial control, Clerical Medical claimed that I had been made redundant because sales were falling at the time of my redundancy and they had to cut costs. A statement from the CEO was read out in Court to that effect. The judge ordered Clerical Medical to produce their sales figures and then adjourned the case. When the figures were produced, they showed that sales had in fact risen at the time I was made redundant and the court accepted that the reasons given for my redundancy by Clerical Medical were without foundation and awarded damages against Clerical Medical.

3.  EXECUTIVE SUMMARY OF THE MAIN POINTS I AM MAKING

3.1  I agree with the recent comments of the US Treasury Secretary Mr Tim Geithner that one of the main causes of the credit crisis was the failure of the risk management function.

3.2  Clearly, a situation where a temp secretary has Director level access to all the Finance systems and is approving her own expenses and all of the expenditure of a large part of the company, is completely unacceptable, as is a situation where shareholders funds being used to pay for employees cigarettes. Yet the Group Risk Director, The Finance Director, Internal Audit, HR and the Audit Committee all supported the sales Director and refused to intervene, while an impartial Court upheld my case. It does not matter how strong the procedures are or what the legislation is, if the people enforcing it are not independent, competent and strong enough to speak out, then any system of regulation is bound to fail.

3.3  I also agree with the comments of Mr Moore that there was a total failure of all key aspects of governance in HBOS, including Finance, Internal Audit, Compliance, HR and the Audit Committee.

3.4  It was quite clear that HBOS was focused on sales and that if anyone from the various control communities spoke out against a member of the sales force, they would not be supported. Nothing demonstrates this better than Mr Moore’s evidence that a sales manager had been appointed to a senior risk function that she was not competent or experienced enough to occupy. In particular, the HR Department was quite willing to remove a whistleblower to protect the Sales Director, even to the point of submitting falsehood in evidence in legal proceedings.

3.5  As Mr Moore points out, by its very nature, the role of internal control requires that the incumbent challenges senior management when systems, controls or personal conduct do not meet the standard required by the public interest. Under these circumstances, internal control professionals need a higher level of protection than is currently afforded to them.

3.6  It is also clear that the various Directors involved in reviewing my case were not independent, had been there a long time and their positions in HBOS and relationships with each other had become too cosy, to the point that Directors were no longer objective or able to fulfill their functions.

4.  RECOMMENDATIONS

4.1  That consideration of whistle blowing cases should be withdrawn from banks and put in the jurisdiction of an independent statutorily appointed body or person, not aninternal appointment that is subject to political influence. Such a person could be for instance a retired High Court Judge and should have the power to examine witnesses and documents and make binding recommendations.

4.2  The FSA or the Treasury should have a right of veto over the appointment of Compliance and Risk professionals, Internal Audit Directors, Good Practice Managers, members of Audit Committees and Non Executive Directors who are not experienced, independently minded or impartial, and a right of removal of those who are shown to have failed to execute their functions properly.

4.3  There should be regular, formal and independent audit of internal control functions.

4.4  A suitably experienced non-executive Director of independent temperament should be directly appointed by the FSA or the Treasury, with direct responsibility for oversight of the risk and compliance functions and rotated regularly.

4.5  The Audit Committee should all be competent to fulfill the role. Currently there is only a requirement for one to be competent. They should also be rotated off the Committeee every three years.

12 February 2009


 


 

 

 


 

© Parliamentary copyright 2009
Prepared 1 April 2009

 

BIS Basel Banks Big Bank B-st-rds,

Thursday, January 10th, 2013

 

“Bank fraud”.

Begins with the tower of Basel Switzerland the headquarters of the Bank of International Settlement. Where secret meetings are held by central banks to make decisions about interest rates, currencies, and commodities, effecting Gold Oil Wheat etc.

 

These bankers are a secretive monopolized group of central banks that have corrupted the financial system to create debt to make more money for the Group of ten, G10 G20 etc. The BIS Bank members are the “Parasites” that suck money from the “middle and poorer” sections of society. So that they can give money to Government their paid for politicians.

 

Who then redistribute it to “BAIL OUT BANKS”.

 

These parasites “secret activities, a group of about ten of the worlds largest bank executives hold meetings at regular intervals to steal your money. Their common purpose is create debt for Governments, there is no benefit for people, Government makes money by taxation debt and inflation. The BIS is a closed shop for bankers and heads of Government.

 

“BIS” meetings held to construct “Fraudulent Activities” without interference.

 

From Governments since most MPs and Ministers are from the same group of elite in the pay of banks and financial institutions who effectively lobby on the banks behalf. Completing the self-propagation of profit for the old boys club.

 

Have you noticed the huge number of new Betting shops, Gold buyer, Loan sharks, etc in middle England and Poorer areas taking over disused shops and banks? They know you have very little money, but what you have they want and they also know you have to feed your children. It’s so obvious but unfortunately when you have no money they know you have nowhere else to go. Betting shops don’t need planning permission under this Government?

 

People pay politicians that strengthen the banking lobby, mmm.

Why don’t you let the banks pay politician, “you might as well ” you are paying these crooks in suits to do the dirty on you? Start using your vote; make it count, change how you vote, “WEAKEN” the “BANKING LOBBY”.

 

Start by removing what cash you have from banks, this will have an astonishing effect on banks and bring your plight to the attention of Government, the MP’s and Ministers. Most are on the same gravy train to steal your money.

 

Choose the “smaller insignificant party” or get together and form your own party “everyone has this right. Stand as an individual or group of people to form a party. Call yourself “ Weaken the bank lobby, etc. Do whatever you think is right, Banks Politicians and Insurers don’t give a damn about you.

 

“Look after the next generation” the young, “your sons and daughters, they are the future don’t let the banks destroy their lives. Enlist their help they know how to use computers and the Internet to broadcast to the world that you are looking after. Their Future, by weakening the Banks lobby and stranglehold on the jobless.  “ YOUR SONS AND DAUGHTERS.

Update: Is the BIS the EU and UN beind the mass importation of Muslim immigrants to Europe, to destroy our economy, cultural identity, values, and identity. Because while you think about this, immigrants are still arriving at Europes borders uncontrolled and in staggering numbers.

You only need look at who is beind the protectionist measures allowing millions of Muslims to enter EU countries, violate our laws, rape and kill, while insisting we are racists. Look at your own towns and cities these have been flooded with immigrants mostly Muslims and changed beond all recognition.

Try finding a non Muslim Taxi Cab in any town or city 95% are Muslims who are  increasingly violent towards women passengers and or being jailed for rape killings and other crimes. Government statistics now show that Muslims will be the majority withing 6 to 10 year and are breeding faster than any other race. Is it possible this is an EU, BIS, UN program and we are being replaced by a cheap labour force who are invading our countries to order?

 

 

“Bank-fraud” Corruption, Deception, blatant Crooks,

Sunday, January 6th, 2013

“Banks” have been committing-fraud since banks,

became banks.

 

They have caused untold suffering and destroyed most countries economies for profit without conscience or consideration.

 

“Banks” have become the vile creator of evil in society who put- greed before humanity. Banks sold its customers loans, mortgages, insurance, gave credit and created debts, (the banks knew its customers could not pay back any.

 

Then banks called in the loans and mortgages, (knowing they could make more money on foreclosures). They just sold their customers homes, (drafting dishonest documents they knew were fraudulent) but Courts and customer would not suspect, (the documents were just another fraud).

 

The list of Banks committing fraud is endless so many banks have been allowed for years to commit corporate fraud that now (its quite normal to see “EU” banks being bailed out or restructured, (given taxpayers money to keep them afloat.)

 

SA.35490 Restructuring of Liberbank – Spain            File reference numbers source: European Commission.

 

SA.35489 Restructuring of Caja3 – Spain

 

SA.35488 Restructuring of Banco Mare Nostrum – Spain

 

SA.34536 “Restructuring and recapitalisation of Banco CEISS – Spain”

 

SA.35747 Recapitalisation scheme for credit institutions in Portugal – H1 2013

 

SA.35743 Extension of the guarantee scheme for Portuguese credit institutions H1 2013

 

SA.35819 Prolongation of Irish Credit Union resolution scheme – H1 2013

 

SA.35755 Prolongation of UK Credit easing scheme – H1 2013

 

SA.35741 Prolongation of the winding-up scheme and extension of the guarantee scheme for merging banks

 

Banks remain too big to fail manage or control they are a threat to the world economy. Take for example the Bank of America, (VISA) it has a world monopoly, about 98% of all Card transactions are controlled owned by VISA BOA. Its quarterly profits are more money than many countries GDP.  Yet the list of banks failing like it and threatening economies and being given taxpayer’s money is horrendous.

 

They are forcing Governments to buy their humongous debts because they know they are too big to fail, and Governments are the last resort, (who cannot refuse to guarantee the banks debt.) Meaning that again the banks customers end up paying to bail out the corrupt banks, (increased taxes austerity).

 

The worlds bank debt is so large now it may not be payable, this is frightening, and time ordinary citizens looked carefully at these criminal enterprises. It is time to starve these banks out of existence, remove your money, keep it under the mattress, you might as well the interest is less than the bank charges, (+ you have access to your money).

 

Under the circumstances “your money is not safe with any bank” you are safer placing it with (Building Societies))

Or Credit Unions. But remember cash in your hands is better than any institution (a limited Company) warning they can be liquidated and you lose everything. While they enjoy a billionaires lifestyle.

 

Central banks are also printing money out of thin air to devalue what little money you have with inflation. So starve all Banks out of existence, put you money somewhere safe out of the reach of banks, and let your “MP know why.

 

Massive tax increases for millions.

Monday, December 31st, 2012

Precipice talks fail, if crap hits the fan and the

fiscal cliff experiment backfires.

 

US taxpayers will feel the full force of austerity like in the EU.

 

Massive tax increases for millions; they called it quantitative easing, (bank bailouts).

 

Whatever you call it it’s a Tax on the food you eat and the products you buy. Austerity — a Tax in reality on everything and everyone regardless.

 

European banks were bailed out with American taxpayers money as well as their own banks.   Banks and insurers were bankrupt, insolvent bust, put simply– they lost all your money.

 

Bailed out, given cash, $16 trillion, to keep them afloat. US debt then was $16 trillion, where did this money come from— yes you guessed it a bank, it’s called the Federal Reserve. And now where did they get it from—- you guessed it, out of thin air, they just had it printed.   Now its called inflation —mmm.

 

And now your money is worth a lot less.—— All because the corrupt Bankers and Insurers—- who run these humongous predator banks, have stolen your money. The $16trillion.

 

Work it out; you are now going to pay for the biggest bank robbery in history.   Banks & Bank Robbers are one and the same bunch of crooks.

 

None of the Banks and Insurance Gangsters, Fraudsters, Robbers, served a jail sentence.   All have got away with the fraud, corruption, deception, stealing, lying.    Just by paying a fine.

 

Will any of those responsible get Jailed. No the corruption is at the top. They just pay a fine to avoid justice, one law for the rich elite. And one law for the rest, who get jailed. While Bankers and Insurers can still steal $billions, nothing has changed.

 

The fallout of failure to control the banks and the insurers who own everything, will end in turmoil and the entire world will feel the effect.

 

They are to big, they are to powerful, its time now to limit the size of all of these corporate giants before its to late and

their big corrupt green greedy machine enslaves you.

 

So far their talks have failed.

Bank controlled owned and invested for banks.

Sunday, December 9th, 2012

 

Bank controlled owned and invested for banks.

 

An insidious ownership of everyone and everything is nearing completion by the world’s top ten banks. Should this continue you would be owned controlled and invested, by these crooks in suits, every penny you spend would go to the banks?

 

In the past banks were run locally by managers who had the power to make business decisions based on the close relationship with its customers and knowledge of the local market. Each branch manager was able to structure loans or products to suit the needs of individual customers which in turn supported local businesses and the local community.

 

But then Government control of the banks was removed; there was no business or private relationship with your bank manager any longer. Everything was centralized they became target driven and failed to invest the time in getting to know its customers. Then branch managers were all removed, being replaced by paid to obey, fresh out of school graduates, who just took instructions from HQ.

 

Banks just took a short-term view regarding its customers their businesses and its depositor’s money. The only motive was how much profit banks could make, nothing else mattered.

 

Now everyone knows that the greed and centralized callous attitude of the banks ended the SME business customer and private relationship with their banks. The 2008 crash caused by Banks and Insurers that left most of the worlds banks insolvent, with Governments having to bail out the banks using $ trillions of taxpayers money, put paid to future bank business relationship. And wise depositors now place their money with customer/shareholder owned Building Societies.

 

What is happening now is a repeat of Governments failure to understand that banks are just crooks in suits who’s only motive is profit at any cost. Why for example should banks trade honestly when they make vast sums of money trading fraudulently.

 

Your money is the motivating factor and the banks want it all. For example all VISA  about 98% of all credit card transactions and most of all other card transactions are owned by one bank, BOA, the Bank Of America. Its quarterly profits are much larger than some countries GDP.

 

Most hotels, Cruise lines Holiday Groups, Motoring organizations, RAC, AA, Green flag, Insurers, Retail Chains, Toll Roads and Motorways, Channel Tunnel, Motor Dealerships, Exhaust and Tyre Centers, Hospitals, Health and Retirement Homes the list is endless. But all are controlled or owned by the banks or the insurers they own.

 

Banks include organizations using different names like for example: IMF international monetary fund, UN united nations, WB world bank, BIS bank international settlement, ECB European central bank, Federal Reserve, and so on.

They now own just about everything you are spending your money on and the European Union is the biggest bunch of crooks in suits banks and bankers.

 

They are tailoring laws to steal your money, and no Government now can stop them unless they first leave the EU. Quite simply your Government has signed up to treaties that stop you the electorate from using your ballet box vote to change alter or control anything the EU wants to do. That includes your own Government, which is now controlled by Banks and its insidious crooks. In the EU.

 

And soon you will not be allowed to remove your money from banks without permission. From the EU gangsters.

 

Itsfraud.com

Sunday, December 09, 2012

UPDATE,

Well it happened, Cyprus under threat from the EU IMF loansharks destroyed the faith we had in banks. They have stolen customers money, and destroyed businesses using laws they invented.

Now they have done the dirty deed stolen everyone life savings and now they have informed everyone it will hold– whats left of depositers money for years.

And Cyprus is threatening you, just how long do you think the banks can hold out. Its customers are looking at alternatives to thieving banks.

We have thieves crooks gangsters drugrunners and burglars, yet there is honor among these thieves.

Banks and insurers have no conscience and don’t know what honour means and how much longer can you afford to bail out (insolvent banks) ———that should have been broke up and sold off.

Now ask yourself —

Just how long can you survive without food ?. Because the next crunch is looming and banks are still lying to everyone.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank controlled owned and invested for banks.

Sunday, December 9th, 2012

 

Bank controlled owned and invested for banks.

 

An insidious ownership of everyone and everything is nearing completion by the world’s top ten banks. Should this continue you would be owned controlled and invested, by these crooks in suits, every penny you spend would go to the banks?

 

In the past banks were run locally by managers who had the power to make business decisions based on the close relationship with its customers and knowledge of the local market. Each branch manager was able to structure loans or products to suit the needs of individual customers which in turn supported local businesses and the local community.

 

But then Government control of the banks was removed; there was no business or private relationship with your bank manager any longer. Everything was centralized they became target driven and failed to invest the time in getting to know its customers. Then branch managers were all removed, being replaced by paid to obey, fresh out of school graduates, who just took instructions from HQ.

 

Banks just took a short-term view regarding its customers their businesses and its depositor’s money. The only motive was how much profit banks could make, nothing else mattered.

 

Now everyone knows that the greed and centralized callous attitude of the banks ended the SME business customer and private relationship with their banks. The 2008 crash caused by Banks and Insurers that left most of the worlds banks insolvent, with Governments having to bail out the banks using $ trillions of taxpayers money, put paid to future bank business relationship. And wise depositors now place their money with customer/shareholder owned Building Societies.

 

What is happening now is a repeat of Governments failure to understand that banks are just crooks in suits who’s only motive is profit at any cost. Why for example should banks trade honestly when they make vast sums of money trading fraudulently.

 

Your money is the motivating factor and the banks want it all. For example all VISA  about 98% of all credit card transactions and most of all other card transactions are owned by one bank, BOA, the Bank Of America. Its quarterly profits are much larger than some countries GDP.

 

Most hotels, Cruise lines Holiday Groups, Motoring organizations, RAC, AA, Green flag, Insurers, Retail Chains, Toll Roads and Motorways, Channel Tunnel, Motor Dealerships, Exhaust and Tyre Centers, Hospitals, Health and Retirement Homes the list is endless. But all are controlled or owned by the banks or the insurers they own.

 

Banks include organizations using different names like for example: IMF international monetary fund, UN united nations, WB world bank, BIS bank international settlement, ECB European central bank, Federal Reserve, and so on.

They now own just about everything you are spending your money on and the European Union is the biggest bunch of crooks in suits banks and bankers.

 

These criminals are tailoring laws to steal your money, and no Government now can stop them unless they first leave the EU. Quite simply your Government has signed up to treaties that stop you the electorate from using your ballet box. Your vote to change alter or control anything  has been removed by these gangsters.

The EU criminals liars and banking gangsters are in control of money and can do what it wants to do. That includes your own Government, its laws and traditions, which are now all controlled by European Banks the EU and its insidious crooks.

 

And soon you will not be allowed to remove your money from banks without permission. From the EU.

 

An insidious ownership of everyone and everything

 

Itsfraud.com

Sunday, December 09, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

QE, Bank Bailout Dangers,

Thursday, September 27th, 2012

update, 27th September 2012

No Vote now? Just The ECB gangsters powering

ahead, without the implicit consent of the public or

elected Governments. To bailout insolvent Banks and

debt ridden EU member Countries Again.

 

This extremely dangerous situation could now easily get out of hand and is an example of the explosive situation facing Governments, which force through Bank bailouts while pushing austerity beyond the tolerance of voters.

This underlined list of British Banks received enough money from the Federal Reserve.(to start up).


1,590,000 (one million five hundred and ninety thousand)— New businesses?
With $1,000,000 (one million dollars each)

About £616,971.    six hundred and sixteen thousand nine hundred and seventy one pounds £ Sterling.

.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)    whoa, they did get bailed out.
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

The figures above are from the  US Federal Reserve. Taxpayers money given to Banks and Institutions.

If 1% of the $16 trillion was loaned to small business start-ups, instead of being GIVEN TO BANKS.

The World double dip depression would be over in 18 month. Not the 9 years or more it will take.
And the truth is –that’s being very optimistic.

The Insurers and Banks have stolen yours and the next generation’s future.

Could you blame the deprived next generation if they riot? —USE YOUR VOTE.

Itsfraud, Bank Fraud, and its Big Bank Fraud ?

Sunday, September 2nd, 2012


Federal Reserve Cash Bailout Givaway To Crooks In Suits

 

Bankers.

Looking at the huge sums of money here (Given) to banks it is clear they were all insolvent (Bankrupt?

If not then the financial reports of those below were concocted to get taxpayers money by fraud.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)  Barclays : They did get bailout out money
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

The list above of institutions who received money from the Federal Reserve

Can be found on page 131 of the GAO Audit, its fraud, bank fraud.

See the page ( Insurance companies still decieve you),  for pdf.  http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf

Update 09 Sept 2012

Now we have European Banks being bailed out again by the ECB (European Central Bank) backdoor.

Business logic, if you go broke! you have to start again from scratch with new money and a new name.

Seems that banks can steal our money, use it to bet on the horses, lose it all, then just ask for more taxpayers money? again and again and again.

WHY NOT JUST TAKE OVER THE BANKS? and put Government accountants in charge. Instead of the DRAGHI CON-TRICK being played out to the Market and its traders/investors.

I wonder with 6000 banks in the EU and DRAGHI stating its up to Governments,,,,, to control the banks. Just who did he think controlled the banks when they screwed up the Worlds Economy.

Wait for the same mess to be recreated again mmm.

Update Britain,, Bank of England, says there is a case for breaking up the Royal Bank of Scotland ??? (Perhaps its costing the Government too much to keep afloat. After all anything of value was sold off before it failed.

Just how much more taxpayers money is going to be put into a bankrupt system of banks. The EU is copying Britain and bailing out banks by the back door, hopeing its citizens don’t notice.

Mmm that seems a bit short sighted.


 

Insurance companies still decieve you!

Saturday, September 1st, 2012

Appointed representatives / Tied agents: Currently attached to:

202628 – Chartis Europe Limited : Source: Financial Services Authority,  FSA Register

 

Please click here to see Appointed representatives / Tied agents previously attached to this firm

Name IMD TA

Firm reference number

Effective

From

To

Bonsall Partners Limited Y 571396 19/12/2011
Boots UK Ltd Y 481234 14/04/2008
Chartis Trade Finance Ltd Y 455457 03/08/2006
Chartis UK Services Ltd Y 401591 14/01/2005
Flybe Limited Y 492933 01/01/2009
Hospital Plan Insurance Services Y 401592 13/02/2008
Lloyds TSB Commercial Finance Limited Y 469785 13/02/2008
Primaplan Ltd Y 419446 14/01/2005
Primeplan Ltd Y 419445 14/01/2005
Virgin Atlantic Airways Ltd Y 453356 01/01/2009
Wizz Air Hungary Airlines Ltd Y 494158 05/01/2009

Source: Companies House information.

Name & Registered Office:
CHARTIS EUROPE LIMITED
THE CHARTIS BUILDING
58 FENCHURCH STREET
LONDON
UNITED KINGDOM
EC3M 4AB
Company No. 01486260
Status: Active
Date of Incorporation: 19/03/1980Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC):
65120 – Non-life insurance
Accounting Reference Date: 30/11
Last Accounts Made Up To: 30/11/2011  (FULL)
Next Accounts Due: 31/08/2013
Last Return Made Up To: 09/10/2011
Next Return Due: 06/11/2012
Last Members List: 09/10/2011
Previous Names:

Date of change

Previous Name

01/12/2011 CHARTIS INSURANCE UK LIMITED
30/11/2009

AIG UK LIMITED

30/11/2007 LANDMARK INSURANCE COMPANY LIMITED
01/08/1994 LANDMARK INSURANCE COMPANY (U.K.) LIMITED

This is AIG or is it?               Chartis and how many US residents are unaware of another AIG in many names.

BIG BANK FRAUD!!

This makes sense $16 trillion paid to keep banks afloat in luxury.

 

Federal Reserve Cash Givaway To Crooks In Suit Bankers.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)

The list above of institutions who received money from the Federal Reserve

Can be found on page 131 of the GAO Audit, its fraud, bank fraud.

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

Among the investigation’s key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. “No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president,” Sanders said.

The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse.  In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.

For example, the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed.  Moreover, JP Morgan Chase served as one of the clearing banks for the Fed’s emergency lending programs.

In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds.  One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest.

To Sanders, the conclusion is simple. “No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed’s board of directors or be employed by the Fed,” he said.

The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo.  The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. “The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street.”

To read the GAO report, click the pdf  here.

 

 

  http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/index.shtml    Banking

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/internet.shtml  Financial Services

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overseas.shtml  abroad Ltd Co

http://www.fsa.gov.uk/pages/Register/index.shtml   Insurers

http://www.companieshouse.gov.uk/    Ltd Companies

http://www.barcouncil.org.uk/about/find-a-barrister/public-access-directory/ Barristers

http://www.castigator.org.uk/  Accountants

http://www.legalcomplaints.org.uk/home.page  Solicitors

http://www.lawsociety.org.uk/home.law  Solicitors

http://www.moneymadeclear.fsa.gov.uk/home.html  Financial

http://www.consumerdirect.gov.uk/  Consumer

http://www.adviceguide.org.uk/index/your_rights/civil_rights/   Advice

secure.consumerdirect.gov.uk/reportascam.aspx    Scams like Insurers ripping you off  tell Met Police

http://www.cfsms.nhs.uk/    Fraud in NHS

 

http://www.asa.org.uk/asa/how_to_complain/     Complain

http://www.fsa.gov.uk/pages/Doing/Regulated/supervise/mortgage_fraud.shtml   Mortgage Fraud

http://www.fsa.gov.uk/Pages/Doing/Regulated/Law/Alerts/form.shtml  Bank Fraud and By the Banks

http://www.insurancefraudbureau.org/    Just Report fraud by Insurers to Police

http://www.insolvency.gov.uk/howtocomplain/complaindirector.htm     Disqualified Directors

https://secure.consumerdirect.gov.uk/reportascam.aspx     Scams

http://www.met.police.uk/fraudalert/      Report Banks and Insurers and Financial Services

 

http://www.consumerdirect.gov.uk/watch_out/complaints/    Consumer

 

http://customs.hmrc.gov.uk/channelsPortalWebApp/     Tax Cheats

http://campaigns.dwp.gov.uk/campaigns/benefit-thieves     Benefit Scams

http://www.identity-theft.org.uk/    Identity Theft

 

http://www.iwf.org.uk/    Criminal Content WEB

http://www.ceop.gov.uk/reporting_abuse.html    Abuse

http://www.ukba.homeoffice.gov.uk/contact/contactspage/reportillegalimmigrant/   Illegal Imigrants

http://www.homeoffice.gov.uk/crime-victims/victims/reporting-a-crime/?version=2   Criminals

 

http://www.actionfraud.org.uk/report_fraud     Fraud

 

http://www.actionfraud.org.uk/victim_support    Fraud

 

 

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The insurer Zurich caused the financial crisis, with AIGFP this hit the headlines and so did AIG. But the real life Gangsters in this are the Zurich insurance group companies (ZFS) Zurich Financial Services. It uses different names to deceive you, and was fined £billions for fraud, deception, lying, bid rigging etc. US Government kept this company afloat using $Billions of taxpayers money when it was made insolvent by its AIGFP London subsidiary.

It’s recently changed its name and now called (ZIG) Zurich Insurance Group. Do not use this insurer unless you have £billions to waste on Courts and Barristors, They had a very nasty habit of not paying valid claims.

If I remember correctly Chartis Insurance is a subsidiary of AIG and AIG is a subsidiary of the Zurich Group, AIG is 61% held still by the US Treasury. The same warning above is advised !! Regarding CHARTIS and all its different names.  Remember ask in writing who is the ultimate parent or holding group parent owner.

The untrustable insurance industry is blatantly committing fraud with most banks doing the same today as well.

 

And the untrustable Insurer changes its name to deceive you into thinking you are dealing with a reputable company

Its directors and officers are protected by Ltd Liability Companies, deregulated by Money in Black Plastic Bags paid to Government officials. The financial services industry is completely corrupt led by the Insurance Industry and Banks.

AIG is understood to begin trading again using the AIG name ( are they just using the money and power the US Governments 61% ownership give it? Don’t trust them Leopards never change their spots…..

It just takes 1 million people to change laws and get these Gangsters the Bankers and Insurers in jail. Along with the corrupt Government officials, who take their filthy money?

Why didn’t the US Government just jail them all and sell all the Zurich companies.

 

ROYAL BANK OF SCOTLAND GROUP

DIRECT LINE  INSURANCE Plc    This company is just a rip off bank owned expensive untrustable Insurer

Date: 18/01/2012  Type of action: Fines On 17 January 2012 the FSA imposed a financial penalty of £2,170,000 on UK Insurance Limited (UKI) for the failings of Direct Line Insurance Plc (Direct Line) and Churchill Insurance Company Limited (Churchill) for breach of Principle 2 (skill, care and diligence) of the FSA’s Principles for Businesses (the Principles) which occurred between 8 April 2010 and 16 April 2010 (the Relevant Period).

The FSA takes this action against UKI for Direct Line and Churchill’s breach of Principle 2 during the Relevant Period.

Direct Line and Churchill (together, the Firms) breached Principle 2 during the Relevant Period. Since then, the relevant business and liabilities of the Firms have been transferred to UKI. Therefore, UKI is responsible for paying the financial penalty of £2,170,000 in respect of the Firms breach of Principle 2.

The Firms agreed to settle at an early stage of the FSA’s investigation. They therefore qualify for a 30% (Stage 1) discount under the FSA’s executive settlement procedures. Were it not for this discount, the FSA would have imposed a financial penalty of £3.1 million on the Firms.

The Firms breached Principle 2 because they acted without due skill, care and diligence in the way that they responded to the FSA’s request to provide it with a sample of their closed complaint files. The Firms breach of Principle 2 resulted in the FSA receiving files which had been altered improperly. These alterations were the consequence of inadequate measures taken by the Firms to ensure that 50 files specifically requested by the FSA would not be altered improperly. This failure occurred following a file review exercise started three weeks before the collation of the 50 files. Prior to the start of the earlier exercise, management had told staff during a conference call that if they were found not to be operating to the required standards, they would face internal disciplinary investigation. This message to staff increased the risk that files would be altered improperly.
Of the 50 closed complaint files that were ultimately provided to the FSA by the Firms:

(1) 27 had been altered before they were provided to the FSA;

(2) 28 documents within 27 files had been altered or created; and

(3) 7 internal documents contained staff signatures forged by one staff member.

The Firms breach of Principle 2 did not result in any customer detriment. Nor did it have a significant impact on the FSA being able to review the Firms’ complaints handling processes using different methods. Nevertheless, it is unacceptable for the FSA to receive any files which are not a true representation of a firm’s work. This applies regardless of the substance of the alterations, which in this case were minor in nature. Firms must therefore take robust steps to ensure that the FSA receives accurate information.

The FSA views these failings as serious because:

(4) the FSA requires information it requests from firms to be submitted in its original state and not altered. Submitting altered information undermines the FSA’s ability to supervise effectively the financial services sector and meet its objectives of protecting consumers and promoting market confidence; and

(5) the Firms are part of RBS Insurance which is a prominent institution with significant operations in the UK. RBS Insurance is the second largest general insurance provider and the largest personal insurer in the UK. The size and potential consumer impact of RBS Insurance’s operations require a significant degree of supervision from the FSA. The FSA relies on the receipt of accurate information from RBS Insurance in order to supervise its operations effectively.

The majority of the alterations made to files were minor in nature and included the addition of telephone voice recording reference numbers, the correction of typographical errors and grammar and the re-ordering of existing information.

The FSA has been able to rely on a detailed internal investigation carried out by the Firms, the scope of which was agreed with the FSA.

 

 

 

 

Currently known as names for firm:

202810 – U K Insurance Limited

 

Please click here to see Previous Names

 Status

Name

Effective

From

To

Registered Name U K Insurance Limited 06/08/1974
Trading Name American Express Insurance Services 11/01/2012
Trading Name ATS Euromaster Motor Insurance 11/01/2012
Trading Name BMW Fleet Insurance 11/01/2012
Trading Name BMW Insurance 11/01/2012
Trading Name Churchill Car Insurance 12/12/2011
Trading Name Churchill Home Insurance 12/12/2011
Trading Name Churchill Insurance 12/12/2011
Trading Name Churchill Insurance policies 12/12/2011
Trading Name Churchill Pet Insurance 12/12/2011
Trading Name Churchill Travel Insurance 12/12/2011
Trading Name Churchill Van Insurance 12/12/2011
Trading Name Citroen Insurance 11/01/2012
Trading Name DialDirectFinance 22/12/2011
Trading Name Direct Line Car Insurance 12/12/2011
Trading Name Direct Line Commercial Vehicle Insurance 12/12/2011
Trading Name Direct Line for Business 22/12/2011
Trading Name Direct Line fuel & go 22/12/2011
Trading Name Direct Line Home Insurance 12/12/2011
Trading Name Direct Line Insurance 12/12/2011
Trading Name Direct Line Insurance policies 12/12/2011
Trading Name Direct Line Pet Insurance 12/12/2011
Trading Name Direct Line Select 22/12/2011
Trading Name Direct Line Travel Insurance 12/12/2011
Trading Name Direct Line Van Insurance 12/12/2011
Trading Name directline.com 22/12/2011
Trading Name Egg Insurance 11/01/2012
Trading Name Green Flag Motoring Assistance 22/12/2011
Trading Name Lombard 25/05/2012
Trading Name Lombard Direct Home Insurance 11/01/2012
Trading Name Lombard Direct Motor Insurance 11/01/2012
Trading Name Lombard Vehicle Management Fleet Insurance 11/01/2012
Trading Name MBNA Car Insurance 11/01/2012
Trading Name MBNA Home Insurance 11/01/2012
Trading Name MINI Cover 11/01/2012
Trading Name MINI Insurance 11/01/2012
Trading Name Mint Insurance 11/01/2012
Trading Name National Insurance and Guarantee Corporation 12/12/2011
Trading Name Nationwide Car Insurance 12/12/2011
Trading Name Nationwide Home Insurance 11/01/2012
Trading Name Nationwide Home Insurance Essentials 11/01/2012
Trading Name Natwest Fleet Insurance 11/01/2012
Trading Name Natwest Home Response 24 11/01/2012
Trading Name Natwest Insurance 11/01/2012
Trading Name Natwest One Home Insurance 11/01/2012
Trading Name Natwest Pet Insurance 11/01/2012
Trading Name NIG 12/12/2011
Trading Name NIG Insurance 12/12/2011
Trading Name NIG Insurance policies 12/12/2011
Trading Name Peugeot Insurance 11/01/2012
Trading Name Privilege 22/12/2011
Trading Name Privilege Breakdown 22/12/2011
Trading Name Privilege Business Insurance 11/01/2012
Trading Name Privilege Car Insurance 12/12/2011
Trading Name Privilege Home Insurance 12/12/2011
Trading Name Privilege Insurance 12/12/2011
Trading Name Privilege Insurance policies 12/12/2011
Trading Name Privilege Motor Insurance 11/01/2012
Trading Name Privilege Plus 20/08/2008
Trading Name Prudential Car Insurance 12/12/2011
Trading Name Prudential Home Insurance 12/12/2011
Trading Name Royal Bank Insurance 11/01/2012
Trading Name Royal Bank of Scotland Fleet Insurance 11/01/2012
Trading Name Royal London Home Insurance 12/12/2011
Trading Name Royal London Motor Insurance 12/12/2011
Trading Name Royal London Pet Insurance 12/12/2011
Trading Name Royalties Insurance 11/01/2012
Trading Name Sainsbury’s Car Insurance 11/01/2012
Trading Name Sainsbury’s Home Insurance 31/01/2012
Trading Name Sainsbury’s Premier Car Insurance 11/01/2012
Trading Name Sainsbury’s Premier Cover Home Insurance 31/01/2012
Trading Name The National Insurance and Guarantee Corporation 12/12/2011
Trading Name The One Account Home Insurance 11/01/2012
Trading Name Ulster Bank Home Insurance 11/01/2012
Trading Name Virgin Car Insurance 11/01/2012
Trading Name Virgin Home Insurance 11/01/2012
Trading Name Virgin One Home Insurance 11/01/2012
Trading Name Virgin Pet Insurance 11/01/2012
Trading Name Virgin Travel Insurance 11/01/2012
Trading Name Yourcar Insurance 11/01/2012

RBS is 84% owned by Government under a Ltd Company. The Government has clearly given it access to everyones details see below, do all banks and insurers have this privilege??

The firm shall access the full electoral register, where this is the most cost-effective way of verifying identity for anti-money laundering purposes and will not prejudice the interests of the customer, in order to carry out the current customer review exercise.

Source FSA.

 

Libor arrests soon, what a load of Authority Hype.

Monday, July 23rd, 2012

LIBOR ARRESTS,

 

Likely amid reports of officials directly involved. But will we see criminal convictions.

 

Central banks and Governments officials are at the heart of this interest rate manipulation yet traders will be the scapegoats for the regulatory control authority

 

Whilst arrests (soon hype is being reported throughout the media. Expect the usual delays in arrests and prosecution of the offending officials.  Some banks have already paid fines before action and signed non-prosecution agreements.

 

Quite simply the message being sent to the public is (become a company) with limited liability. This means you become immune from prosecution just like all of the just crooks in suits. These are the banks or Insurance or financial or capital or interest rate scam’s by the financial services, Limited Liability Companies, protected from prosecution

 

Banks to the public are known as just crooks the same applies to Insurance companies its fraud. They are all seen as part of the corrupt poisonous vile industry it has become, committing fraud together to become to big to fail, control, prosecute, or break up.

 

It is a scam similar to emails from Morocco Nigeria or the letters from CPP (Card Protection Plan) Ace Insurance connected to Zurich insurance. The scams fraud and corruption by these and similar companies have created a complete mistrust of the industry.

 

The interest rate manipulation by banks only helped banks skim off more money in a scam to deceive investors and competitor banks.

 

Gordan Finch

 

23/07/2012 10:00:26

===================================

 28 August update,

Seems no-one arrested yet but guess what it now appears most if not all of the banks are involved in this fraud. Anyone supprised?

 

 

 

Government central bank corruption.

Tuesday, July 17th, 2012

Interest rate fraud by banks destroys economies

Central banks around the world are reacting to the political and economic consequences of a further downturn caused by the financial instability and manipulation of interbank interest rates. Banks aggressively manipulating interest rates has resulted in policy rates in the main being set to deceive other banks, in effect to take advantage.

The method of setting interest rates between banks is foolish to say the least as it leaves it wide open to unscrupulous manipulation.

As it is the highest and lowest interest rate suggestions by banks are rejected. The remaining figures are then chosen and a average of the high and low are taken as the figure to set interest rates (libor rate)

Economies depend on these rates yet banks unconsciously set rates to benefit banks with no thought for the consequences to markets, business the public or Government.

This has placed many country’s economies in turmoil leaving no room for rate cuts to accommodate any harmful events. Interest rates artificially kept low cannot be maintained much longer, since deflation or meltdown are now real.

We are at risk of a second and humongous depression. Government insiders are involved and have contributed to central bank reports supporting individual financial institutions and providing substantial positive stimulus.

The danger of a financial meltdown is real and it won’t be long before policy-makers in major economies begin considering exiting from their crisis related risks from monetary policy fraud.

Low interest rates and austerity are combining with interbank fraud to become the greatest risk with unimaginable consequences for economies that will differ in magnitude from depression to war.

Governments and policy-makers need to look again at banks and financial institutions. To consider the case for direct action in the form of legal action and penalties that reflect the serious nature of crimes committed by the financial services industry. In particular by the insurance myriad mega giants.

Everyone is being continually stung by the banks. Its a case of one law for the banks and a different law for everyone else. This distortion of statute for banks is hated by everyone outside the city’s financial institutions. These huge mega corporations think they can get away with anything.

Sustained low interest rates may not be considered by many a risk, but history shows they certainly contributed to the financial crisis. The important factor here is that if it is not addressed and soon. The seeds of depression may be sown that led to the first depression, legal action and enforcement must be taken against the banks and its industry.

Gordan Finch

Barclays is engaged in various legal proceedings

Saturday, July 7th, 2012

Barclays is engaged in various legal proceedings

 

In the United Kingdom and a number of Countries including the United States. The Bank has been named as a defendant in a number of lawsuits, including class actions, filed in US federal courts involving claims by alleged classes of purchasers and sellers of LIBOR-based derivative products or Eurodollar futures or option contracts between 2006 and 2009.

 

Whilst the writer appreciates Barclays are taking the rap in the media it is not undeserved. To a greater extent, Barclays past record as a bank for small business was tarnished many years previously.

 

Banks have for years stole committed fraud and engaged in all sorts of illegal practices with impunity. 

 

Flouting the law and ignoring regulators was just good business, it didn’t make sense for banks to obey rules or the law since there was no criminal prosecution or jail to be feared. Banks and its officers just received warnings or were fined and the penalties paid were minute in comparison to the huge sums to be made breaking the law.

 

The Financial regulators and Ombudsmen knew exactly what was going on but did nothing. But then it wasn’t in their interest to bring about criminal proceedings since they themselves are paid for and financed by the banks.

 

What is even more shocking is the fact that the Ombudsman Service has no legal power. It is a toothless tiger that can only make recommendations and the same applies to the Financial Services Authority. None of the regulators appear to have any powers to prosecute or commence legal proceedings

 

The Bank of England, Government and Treasury are all responsible for the fraud committed by the Financial Services Sector. Every one of them is involved they have all turned a blind eye to the criminal behaviour of the Banks the Insurers and the Cities Financial Hub.

 

This power of Ministerial greed and corruption in Government allows the Banks and Insurers to continue committing fraud. Whilst at the same time they are being bailed out with taxpayer’s money, because they are a threat to the Governmental and the rule of law and regulators.

 

 

They are just crooks, to big to fail and are involved in card fraud, credit card fraud protection, chip and pin fraud, direct debit fraud, online banking fraud, ATM fraud, identity fraud, fraud protection insurance, credit card fraud insurance.

 

And lets face it what is credit card fraud

 

It is fraud committed by the banks that issue the cards knowing that the security of accounts could be compromised but did nothing. Because the rewards were greater than the losses to the bank.

 

And it gave Banks an opportunity to make more money from customer’s by selling them worthless Card Protection Insurance like Card Protection Plan Ltd, CPP a registered trademark of CPPGroup PLC with connections to Ace insurance and Zurich the insurer fined  $billions for bid rigging.

 

Evan Greenberg ACE a name worth remembering and Mike Kneafsey managing director CPP

 

 

Banks and Insurers are unregulated in the sense that they are a corporate body. You cannot prosecute and jail an entity. But you can prosecute and jail the directors and members of the board of a Bank

 

 

What are needed are members of the public and the shareholders to press for legislation in statute to bring to justice the corrupt bankers. There is no code of conduct suitable for banks they are just crooks.

 

 

 

 

See extracts from Barclay’s 2011 financial report below

 

 

 

32 Competition and regulatory matters

This note highlights some of the key competition and regulatory challenges facing Barclays, many of which are beyond our control. The extent of the impact of these matters on Barclays cannot always be predicted but may materially impact our businesses and earnings.

 

 

Regulatory change

The scale of regulatory change remains challenging with a significant tightening of regulation and changes to regulatory structures globally, especially for banks that are deemed to be of systemic importance. Concurrently, there is continuing political and regulatory scrutiny of the operation of the banking and consumer credit industries, which, in some cases, is leading to increased or changing regulation, which is likely to have a significant effect on the industry. Examples include Basel 3, the emerging proposals on bank resolution regimes and proposals relating to over-the-counter derivatives clearing and global systemically important banks.

 

 

In the UK, the FSA’s current responsibilities are to be reallocated between the Prudential Regulatory Authority (a subsidiary of the Bank of England) and a new Financial Conduct Authority.

 

In addition, the Independent Commission on Banking (the ICB) completed its review of the UK banking system and published its final report on 12 September 2011. The ICB recommended (amongst other things) that: (i) the UK and EEA retail banking activities of a UK bank or building society should be placed in a legally distinct, operationally separate and economically independent entity (so-called “ring-fencing”); and (ii) the loss-absorbing capacity of ring-fenced banks and UK-headquartered global systemically important banks (such as Barclays Bank PLC) should be increased to levels higher than the Basel 3 proposals.

 

The UK Government published its response to the ICB recommendations in December 2011 and indicated that primary and secondary legislation relating to the proposed ring-fence will be completed by May 2015, with UK banks and building societies expected to be compliant as soon as practicable thereafter, and the requirements relating to increased loss-absorbing capacity of ringfenced banks and UK-headquartered global systemically important banks will be applicable from 1 January 2019.  <#######

 

Comment regarding the date above 2019 from the writer itsfraud.com (THIS SHOULD BE IMPLIMENTED NOW) Banks cannot be trusted.

 

 

The US Dodd-Frank Wall Street Reform and Consumer Protection Act contains far reaching regulatory reform. The full impact on Barclays businesses and markets will not be known until the principal implementing rules are adopted in final form by governmental authorities, a process which is underway and which will take effect over several years.

 

 

Payment Protection Insurance (PPI)

See Note 29.

Interchange

The Office of Fair Trading, as well as other competition authorities elsewhere in Europe, continues to investigate Visa and MasterCard credit and debit interchange rates. These investigations may have an impact on the consumer credit industry as well as having the potential for the imposition of fines.

Timing is uncertain but outcomes may be known within the next 2-4 years.

 

 

London Interbank Offered Rate (LIBOR)

 

The FSA, the US Commodity Futures Trading Commission, the SEC, the US Department of Justice Fraud Section of the Criminal Division and Antitrust Division and the European Commission are amongst various authorities conducting investigations into submissions made by Barclays

 

And other panel members to the bodies that set various interbank offered rates. Barclays is co-operating in the relevant investigations and is keeping regulators informed. In addition, Barclays has been named as a defendant in a number of class action lawsuits filed in US federal courts involving claims by purported classes of purchasers and sellers of LIBOR-based derivative products or Eurodollar futures or options contracts between 2006 and 2009.

 

The complaints are substantially similar and allege, amongst other things, that Barclays and other banks individually and collectively violated US antitrust and commodities laws and state common law by suppressing LIBOR rates during the relevant period. Barclays has been informed by certain of the authorities investigating these matters that proceedings against Barclays may be recommended with respect to some aspects of the matters under investigation, and Barclays is engaged in discussions with those authorities about potential resolution of those aspects. It is not currently possible to predict the ultimate resolution of the issues covered by the various investigations and lawsuits, including the timing and the scale of the potential impact on the Group of any resolution.

 

Extracts from 2011 financial report above

 

 

FWP 1 c70224_fwp.htm        Securities Exchange commission filing below

July 2012

 

Preliminary Terms No. 59
Registration Statement No. 333-169119
Dated July 3, 2012
Filed pursuant to Rule 433

 

INTEREST RATE STRUCTURED INVESTMENTS

Fixed Rate Step-Up Callable Notes due July 27, 2027
 
Subject to early redemption and as further described below, interest will accrue and be payable on the Notes semi-annually, in arrears, at the rates described below under “Interest Rate”. All payments on the Notes, including the repayment of principal, are subject to the creditworthiness of Barclays Bank PLC. The Notes are not, either directly or indirectly, an obligation of any third party, and any payment to be made on the Notes, including the repayment of principal at maturity, depends on the ability of Barclays Bank PLC to satisfy its obligations as they come due.

 

SUMMARY TERMS
Issuer: Barclays Bank PLC
Principal Amount: $
Issue Price: $1,000 per note (see “Commissions and Issue Price” below)
Original Trade Date: July 24, 2012
Original Issue Date: July 27, 2012
Maturity Date: July 27, 2027, subject to Redemption at the Option of the Company (as set forth below).
Interest Rate Type: Fixed Rate
Day Count Convention: 30/360
Interest Rate: For each Interest Period commencing on or after the Original Issue Date, to but excluding July 27, 2017, the interest rate per annum will be equal to: at least 3.50% per annum (to be determined on the Trade Date)For each Interest Period commencing on or after July 27, 2017, to but excluding July 27, 2022, the interest rate per annum will be equal to: 4.00% per annum.For each Interest Period commencing on or after July 27, 2022, to but excluding July 27, 2025, the interest rate per annum will be equal to: 5.00% per annum.For each Interest Period commencing on or after July 27, 2025, to but excluding the Maturity Date, the interest rate per annum will be equal to: 7.00% per annum.

 

 
Business Day: New York; London.
Business Day Convention: Following, Unadjusted
Interest Payment Dates: o Monthly,                       o Quarterly,                       x Semi-Annually,                       o Annually,
payable in arrears on the 27th day of each January and July, commencing on January 27, 2013 and ending on the Maturity Date or the Early Redemption Date, if applicable.
Redemption at the Option of the
Company:
We may redeem your Notes, in whole or in part, at the Redemption Price set forth below, on any Interest Payment Date beginning on July 27, 2013, provided we give at least five business days’ prior written notice to the trustee. If we exercise our redemption option, the Interest Payment Date on which we so exercise will be referred to as the “Early Redemption Date”.
Redemption Price: If we exercise our redemption option, you will receive on the Early Redemption Date 100% of the principal amount of the Notes, together with any accrued and unpaid interest to but excluding the Early Redemption Date (subject to the creditworthiness of the Issuer).
Settlement: DTC; Book-entry; Transferable.
Denominations: Minimum denominations of US$1,000 and integral multiples of US$1,000 thereafter.
CUSIP: 06741TCB1
ISIN: US06741TCB17
Listing: We do not intend to list the Notes on any U.S. securities exchange or quotation system.
Calculation Agent: Barclays Bank PLC

 

Commissions and Issue Price:

Price to Public

Agent’s Commissions(1)

Proceeds to Issuer

Per Note

100%

2.375%

97.625%

Total

$

$

$

(1)       Barclays Capital Inc. will receive commissions from the Issuer equal to 2.375% of the principal amount of the notes, or $23.75 per $1,000 principal amount, and may retain all or a portion of these commissions or use all or a portion of these commissions to pay selling concessions or fees to other dealers including Morgan Stanley Smith Barney LLC.

YOU SHOULD READ THIS DOCUMENT TOGETHER WITH THE RELATED PROSPECTUS SUPPLEMENT AND PROSPECTUS, EACH OF WHICH CAN BE ACCESSED VIA THE HYPERLINKS BELOW BEFORE YOU MAKE AN INVESTMENT DECISION.

Prospectus dated August 31, 2010

Prospectus Supplement dated May 27, 2011

Barclays Bank PLC has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which these preliminary terms relate. Before you invest, you should read the prospectus dated August 31, 2010, the prospectus supplement dated May 27, 2011 and other documents Barclays Bank PLC has filed with the SEC for more complete information about Barclays Bank PLC and this offering. Buyers should rely upon the prospectus, prospectus supplement, index supplement and any relevant free writing prospectus or pricing supplement for complete details. You may get these documents and other documents Barclays Bank PLC has filed for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Barclays Bank PLC or any agent or dealer participating in this offering will arrange to send you the prospectus, prospectus supplement, index supplement, preliminary pricing supplement, if any, and final pricing supplement (when completed) and these preliminary terms if you request it by calling your Barclays Bank PLC sales representative, such dealer or 1-888-227-2275 (Extension 2-3430). A copy of each of these documents may be obtained from Barclays Capital Inc., 745 Seventh Avenue—Attn: US InvSol Support, New York, NY 10019.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the Notes or determined that these preliminary terms are truthful or complete. Any representation to the contrary is a criminal offense.


 

Fixed Rate Step-Up Callable Notes due July 27, 2022

Additional Terms of the Notes

You should read these preliminary terms together with the prospectus dated August 31, 2010, as supplemented by the prospectus supplement dated May 27, 2011 relating to our Global Medium-Term Notes, Series A, of which these Notes are a part. These preliminary terms, together with the documents listed below, contain the terms of the Notes and supersede all prior or contemporaneous oral statements as well as any other written materials including preliminary or indicative pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures or other educational materials of ours. You should carefully consider, among other things, the matters set forth in “Risk Factors” in the prospectus supplement and the index supplement as the Notes involve risks not associated with conventional debt securities. We urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the Notes.

You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):

Prospectus dated August 31, 2010:
http://www.sec.gov/Archives/edgar/data/312070/000119312510201448/df3asr.htm
Prospectus supplement dated May 27, 2011:
http://www.sec.gov/Archives/edgar/data/312070/000119312511152766/d424b3.htm

Our SEC file number is 333-169119. As used in these preliminary terms, the “Company,” “we,” “us,” or “our” refers to Barclays Bank PLC.

The Notes constitute Barclays Bank PLC’s direct, unconditional, unsecured and unsubordinated obligations, are not deposit liabilities and are not insured by the U.S. Federal Deposit Insurance Corporation or any other governmental agency of the United States, the United Kingdom or any other jurisdiction.

During the term of these Notes, interest will accrue and be payable on the notes semi-annually, in arrears, at a rate of (i) Years 1 to 5: at least 3.50% per annum (to be determined on the Trade Date), (ii) Years 6 to 10: 4.00% per annum, and (iii) Years 11 to 13: 5.00% per annum and (iv) Years 14-15: 7.00% per annum. All payments on the Notes are subject to the creditworthiness of Barclays Bank PLC.

Risk Factors

An investment in the Notes involves significant risks. You should read the risks summarized below in connection with, and the risks summarized below are qualified by reference to, the risks described in more detail in the “Risk Factors” section beginning on page S-6 of the prospectus supplement. We urge you to consult your investment, legal, tax, accounting and other advisors and to invest in the Notes only after you and your advisors have carefully considered the suitability of an investment in the Notes in light of your particular circumstances.

Early Redemption Risk—We may redeem the Notes, in whole or in part, on any Interest Payment Date beginning on July 27, 2013. It is more likely that we will redeem the Notes prior to their stated maturity date to the extent that the interest payable on the Notes is greater than the interest that would be payable on other instruments issued by us of comparable maturity, terms and credit rating trading in the market. If the Notes are redeemed, in whole or in part, prior to their stated maturity date, you will receive no further interest payments on the Notes redeemed and may not be able to re-invest the Notes or may have to re-invest the proceeds in a lower rate environment.
Issuer Credit Risk—The Notes are our unsecured debt obligations, and are not, either directly or indirectly, an obligation of any third party. Any payment to be made on the Notes, including any payment at maturity, on an interest payment date, or in the event of early redemption depends on the ability of Barclays Bank PLC to satisfy its obligations as they come due. As a result, the actual and perceived creditworthiness of Barclays Bank PLC may affect the market value of the Notes and, in the

 

July 2012

Page 2

 


 

Fixed Rate Step-Up Callable Notes due July 27, 2022

 

event we were to default on our obligations, you may not receive your principal amount or any other amounts owed to you under the terms of the Notes.
Certain Built-In Costs Are Likely to Adversely Affect the Value of the Notes Prior to Maturity—Although you will not receive less than the principal amount of the Notes if you hold the Notes to maturity (subject to Issuer credit risk), the Original Issue Price of the Notes includes the agent’s commission and the cost of hedging our obligations under the Notes through one or more of our affiliates. As a result, assuming no change in market conditions or any other relevant factor, the price, if any, at which Barclays Capital Inc. and other affiliates of Barclays Bank PLC will be willing to purchase Notes from you in secondary market transactions may be lower than the Original Issue Price, and any sale prior to the Maturity Date could result in a substantial loss to you.
Potential Conflicts—We and our affiliates play a variety of roles in connection with the issuance of the Notes, including hedging our obligations under the Notes. In performing these duties, the economic interests of our affiliates of ours are potentially adverse to your interests as an investor in the Notes.
In addition, Barclays Wealth, the wealth management division of Barclays Capital Inc., may arrange for the sale of the Notes to certain of its clients. In doing so, Barclays Wealth will be acting as agent for Barclays Bank PLC and may receive compensation from Barclays Bank PLC in the form of discounts and commissions. The role of Barclays Wealth as a provider of certain services to such customers and as agent for Barclays Bank PLC in connection with the distribution of the Notes to investors may create a potential conflict of interest, which may be adverse to such clients. Barclays Wealth is not acting as your agent or investment adviser, and is not representing you in any capacity with respect to any purchase of Notes by you. Barclays Wealth is acting solely as agent for Barclays Bank PLC. If you are considering whether to invest in the Notes through Barclays Wealth, we strongly urge you to seek independent financial and investment advice to assess the merits of such investment.
Lack of Liquidity—The Notes will not be listed on any securities exchange. Barclays Capital Inc. and other affiliates of Barclays Bank PLC intend to make a secondary market for the Notes but are not required to do so, and may discontinue any such secondary market making at any time, without notice. Barclays Capital Inc. may at any time hold unsold inventory, which may inhibit the development of a secondary market for the Notes. Even if there is a secondary market, it may not provide enough liquidity to allow you to trade or sell the Notes easily. Because other dealers are not likely to make a secondary market for the Notes, the price at which you may be able to trade your Notes is likely to depend on the price, if any, at which Barclays Capital Inc. and other affiliates of Barclays Bank PLC are willing to buy the Notes. The Notes are not designed to be short-term trading instruments. Accordingly, you should be able and willing to hold your Notes to maturity.
Many Economic and Market Factors Will Impact the Value of the Notes—The value of the Notes will be affected by a number of economic and market factors that may either offset or magnify each other, including

 

o the time to maturity of the Notes;
o interest and yield rates in the market generally;
o a variety of economic, financial, political, regulatory or judicial events; and
o our creditworthiness, including actual or anticipated downgrades in our credit ratings.

 

United States Federal Income Tax Treatment

The following discussion supplements the discussion in the prospectus supplement under the heading “Certain U.S. Federal Income Tax Considerations” and supersedes it to the extent inconsistent therewith. The following discussion (in conjunction with the discussion in the prospectus supplement) summarizes certain of the material U.S. federal income tax consequences of the purchase, beneficial ownership, and disposition of the Notes.

We intend to treat the Notes as indebtedness for U.S. federal income tax purposes and any reports to the Internal Revenue Service (the “IRS”) and U.S. holders will be consistent with such treatment, and each holder will agree to treat the Notes as indebtedness for U.S. federal income tax purposes. The discussion that follows is based on this approach.

We intend to take the position that we are deemed to exercise the call option prior to the first interest rate step-up (solely for purposes of determining whether the Notes are issued with “original issue discount” for federal income tax purposes) and, if we do not exercise the call option at such time, the Notes will be deemed to be reissued (solely for purposes of the original issue discount

July 2012

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Fixed Rate Step-Up Callable Notes due July 27, 2022

rules) at such time and immediately before each subsequent interest rate step-up for their adjusted issue price. Accordingly, we intend to take the position that the Notes will not be issued with original issue discount for federal income tax purposes and that interest on the Notes will be taxable to a U.S. holder as ordinary interest income at the time it accrues or is received in accordance with the U.S. holder’s normal method of accounting for tax purposes. See “Certain U.S. Federal Income Tax ConsiderationsU.S. Federal Income Tax Treatment of the Notes as Indebtedness for U.S. Federal Income Tax PurposesNotes Subject to Call or Put Options” in the prospectus supplement.

3.8% Medicare Tax On “Net Investment Income”

Beginning in 2013, U.S. holders that are individuals, estates, and certain trusts will be subject to an additional 3.8% tax on all or a portion of their “net investment income,” which may include the interest payments and any gain realized with respect to the Notes, to the extent of their net investment income that, when added to their other modified adjusted gross income, exceeds $200,000 for an unmarried individual, $250,000 for a married taxpayer filing a joint return (or a surviving spouse), or $125,000 for a married individual filing a separate return. U.S. holders should consult their advisors with respect to their consequences with respect to the 3.8% Medicare tax.

Information Reporting

Holders that are individuals (and, to the extent provided in future regulations, entities) may be required to disclose information about their Notes on IRS Form 8938—”Statement of Specified Foreign Financial Assets” if the aggregate value of their Notes and their other “specified foreign financial assets” exceeds $50,000. Significant penalties can apply if a holder fails to disclose its specified foreign financial assets. We urge you to consult your tax advisor with respect to this and other reporting obligations with respect to your Notes.

Non-U.S. Holders

Barclays currently does not withhold on interest payments to non-U.S. holders in respect of instruments such as the Notes. However, if Barclays determines that there is a material risk that it will be required to withhold on any such payments, Barclays may withhold on such payments at a 30% rate, unless non-U.S. holders have provided to Barclays an appropriate and valid Internal Revenue Service Form W-8. In addition, non-U.S. holders will be subject to the general rules regarding information reporting and backup withholding as described under the heading “Certain U.S. Federal Income Tax Considerations—Information Reporting and Backup Withholding” in the accompanying prospectus supplement.

Certain Employee Retirement Income Security Act Considerations

Your purchase of a Note in an Individual Retirement Account (an “IRA”), will be deemed to be a representation and warranty by you, as a fiduciary of the IRA and also on behalf of the IRA, that (i) neither the issuer, the placement agent nor any of their respective affiliates has or exercises any discretionary authority or control or acts in a fiduciary capacity with respect to the IRA assets used to purchase the Note or renders investment advice (within the meaning of Section 3(21)(A)(ii) of the Employee Retirement Income Security Act (“ERISA”)) with respect to any such IRA assets and (ii) in connection with the purchase of the Note, the IRA will pay no more than “adequate consideration” (within the meaning of Section 408(b)(17) of ERISA) and in connection with any redemption of the Note pursuant to its terms will receive at least adequate consideration, and, in making the foregoing representations and warranties, you have (x) applied sound business principles in determining whether fair market value will be paid, and (y) made such determination acting in good faith.

For additional ERISA considerations, see “Employee Retirement Income Security Act” in the prospectus supplement.

Supplemental Plan of Distribution

We will agree to sell to Barclays Capital Inc. (the “Agent”), and the Agent will agree to purchase from us, the principal amount of the Notes, and at the price, specified on the cover of the related pricing supplement, the document that will be filed pursuant to Rule 424(b) containing the final pricing terms of the Notes. The Agent will commit to take and pay for all of the Notes, if any are taken. The Agent will receive commissions from the Issuer equal to 2.375% of the principal amount of the notes, or $23.75 per $1,000 principal amount, and may retain all or a portion of these commissions or use all or a portion of these commissions to pay selling concessions or fees to other dealers including Morgan Stanley Smith Barney LLC.

July 2012

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Fixed Rate Step-Up Callable Notes due July 27, 2022

We expect that delivery of the Notes will be made against payment for the Notes on or about the issue date indicated on the cover of these preliminary terms, which will be the third business day following the expected original trade date (this settlement cycle being referred to as “T+3”). See “Plan of Distribution” in the prospectus supplement.

July 2012

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Rating agency downgrade banks Moody’s.

Friday, June 22nd, 2012

Bank downgrades reflect the insolvent bank bailout position in 2008.

When AIG and Zurich Financial Services the parent became insolvent and was taken over by the US Government.

Many of the banks that received US Government bailout funds via AIG, were the same banks that are now again under review by the rating agency

Moody’s yesterday downgraded 15 of the world’s largest banks lowering their credit ratings between 1 and 3 notches

Morgan Stanley was dropped 2 notches: better than the 3 notches expected.

The downgrade of Morgan Stanley ranked them higher than Bank of America and Citigroup (a notch below) Goldman Sachs Group.

Credit Suisse, suffer a three-notch downgrade and this was anticipated.

Moody’s commenced a review of 17 banks with global capital markets operations exposure.

Credit Suisse, 3-notch downgrade was more than they expected but reflects their exposure

UBS was downgraded 2 notches while HSBC was downgraded 1 notch along with the Bank of America, Royal Bank of Scotland and Societe Generale the latter being contestably lower.

Eight other banks downgraded 2 notches were: Barclays, BNP Paribas, Citigroup, Credit Agricole, Deutsche Bank, JPMorgan Chase, Goldman Sachs Group and Royal Bank of Canada.

After the analysis, Moody’s separated the global banks into 3 ranks, with JPMorgan, HSBC and Royal Bank of Canada at the top. Bank of America, Citigroup, Morgan Stanley and Royal Bank of Scotland were in the bottom rankings

Some had geared up by adding together further banks to their credit facilities to diversify the risk of a large bank failure. Others on the same wavelength also adjusted their deposit relationships.

Macquarie and Nomura were originally included in a list of global banks under evaluation, but were downgraded earlier.

Gordan Finch

 

Another bank bailout today. Update: 2015, Another ECB Bank Bailout ???

Friday, June 15th, 2012
Another bank bailout fraud today Friday, 15 June 2012 by the Bank Of England, they call it QE, it’s a bank bailout regardless of the name its called.
 
Taxpayer’s money is again bailing out corrupt fraudulent insolvent banks.
 
WHY ARE WE BAILING OUT SOLVENT BANKS AGAIN.   ONLY  INSOLVENT  BANKS  NEED  MONEY
 
Whilst most will have no concern over the Government putting money into small business or the BOE ring fencing the UK economy from Europe’s Depression.
 
Quantitative easing, (a bailout) by the BOE is giving taxpayers money to Insolvent Banks and this is Fraud.
 
Ever since the MP’s expenses fraud, and 2008 banking bailout the public no longer trust or want banks.
 
They are known to be insolvent, corrupt, and controlled by equally corrupt owners, in particular the insurance giants. Also banks are obsolete, not required and others have taken their place, like Paypal.
 
See copy letter below posted on Money Mornings site and others in October 2011.
 
The letter clearly indicated the outcome of QE by the Bank Of England. Now today the BOE wants to repeat a failed mandate.
 
Most ordinary businesses learn from their mistakes, they also learn to not trust corrupt BANKS.
 
 
Today Drahi announced the ECB (European Central Bank) would keep providing liquidity (money) to Solvent Banks.
 
WHY IF THE BANKS ARE SOLVENT DO THE ECB NEED TO KEEP PROVIDING THEM WITH LIQUIDITY, GIVING THEM MONEY?
 
Also the ECB said there is no inflation in the Euro area and no prospect of it.
 
Just on which planet is the ECB spokesman? Greece will decide tomorrow if the EUROZONE will exist.
 
 
 
 
Gordan Finch | October 5, 2011

The expected QE (quantitive easing) by the Bank of England is a copycat of US failures to halt a crisis turning into a depression. It’s a failure of BOE policies and another bailout of the banks. QE only creates inflation as history shows. Britain could now be under the BOE pilot entering a no return zone of hyperinflation.

The 2008 banking fraud crisis started in Britain with a subsidiary of Zurich Financial Services, Zurich the Insurers, (AIGFP unit in London.

The truth (ZFS) was insolvent and under command by the US Government related to serious fraud was suppressed in the UK.

This fraud started in the nineties many years before with Zurich the insurer, unfairly and fraudulently refusing to pay out claims on its policies. This escalated into rigging prices and steering business to itself.

A judge said it was very reactive advertising insurance fraud committed against Zurich. But was not so fond of mentioning the fraud it perpetrated against its own policyholders.

Zurich insured anything and everything. Because there was no intention of paying out it was simply a fraud. A company trading with different names hundreds of subsidiaries and subsidiaries of the subsidiary and holding companies.

The FSA and the Treasury under the BOE guarded Government relied on the Financial Services Sector, who had rigged rules and little control to stop the fraud.

This manifested itself in the 2008 Banking Crash and the bailout of UK high street Banks. And was repeated throughout the world, ZFS (Zurich insurance, its fraud, corruption, deception, price fixing, bid rigging, and worse had bankrupted Countries, Financial institutions, Companies, Communities and the Public and future Generations.

The US Government Bailed out Zurich its policyholders and its banks, and then ploughed over $800 thousand million dollars of Quantitive Easing into the Worlds Banking system.

Effectively keeping banks alive that had bet customers money on schemes created by the corrupt greedy banks and fraudulent insurer (Zurich.

Now the BOE will repeat this failed experiment to save the to big to fail fraudsters.

And the result will be similar Inflation, Unemployment, Crime, and Fraud by the same Banks and Insurers and Government. Followed by the worst events possible, the entire breakdown of law and order, wholly out of any control of authority.

Sterling has for centuries been the Reserve World Currency, the BOE should take the leading role “now, while the opportunity exist to become again the currency of World trade rather than devalue the Pound to inflate away dept. Imposing increases in raw material cost for everyone, so no exports.

People are angry they know the Government, Ministers, MPs, Authorities, Banks, Insurers and Corporate are corrupt. Failure to change will see a united response from the public in harmony with enforcers Police Army Air force and Navy.

Update:       The EU is engaged in a very dangerous war with Greece by removing its funding.

It appears the ECB Trillion Euro Bailout !Yes Trillion with a big “T”, has not learned the lessons from history or predictions by ordinary small businessmen.

Most of the above, 2012 observations are now a fact and were published June 2012. 

Latest prediction now is a complete collapse of  the European Union and its banks strangle hold on society.

People will vote for Anti – EU Austerity, Immigration, Laws, Control, and its massive Bank Bailouts, (quantitative easing ) since its clear Mario Draghi’s free money give away to protect and fund Banks— Will Fail.  Allmost everyone now knows this is a deliberate attempt to create INFLATION to pass the banks debt burden onto ORDINARY PEOPLE.

Britain, France, Spain, Italy, Germany and others countries Electorate will vote in New Anti EU, Anti Immigration Parties.

This new tide of resentment against Corrupt Governments and Financial Institutions is overtaking existing EU – ECB predictions.

Britain, France and Spain will all have new Governments, all will have substantial Anti – European Union Politicians !

 

Bailout 4 Spanish banks

Thursday, June 14th, 2012

Bailout 4 Spain’s banks

 

Is another backhanded bailout of the insolvent insurance and banking sector?

 

Banks have over and over again for generations removed financial support illogically from very good businesses and its time SME’s now removed their support from banks.

 

Banks shoved tens of thousands of businesses into insolvency. Bankrupted sole traders and banks should be dealt with, in exactly the same manner, let them go bust, let them feel the consequences of their actions.

 

The financial banking predators have no place in World economies now. Banks need removing from society, they are not needed, they conceal balance sheet debt, lie to Government and the public, they steal depositors money, they don’t lend to small business and big business can go to the money market direct.

 

Surgery is needed to remove the wounded banks; retail banking is dead and banks obsolete, and bailouts don’t work.

 

You only need look at these countries bank bailouts to understand it didn’t work plus taxpayer bailouts are fraud.

 

Example bailout costs:

Greece  €-247 Billion.  Spain?  €-100 Billion.  Ireland €-67.5 Billion. Portugal  €-78 Billion. Who is next both Italy and Spain have debts that cannot be serviced.

 

Even worse the EU has no stability fund in place, only three countries support the proposal, also even if others agreed where is the money coming from. Paper currency like the Euro is massively overvalued and guarantees from bankrupt Government is worthless.

 

For example: Merkel the German chancellor rants on about all manner of irrational hype like Political union, further integration and other crap.

 

But austerity she enforced on other weaker countries like Greece has now blown up in here face. Germany and its taxpayers are now on the hook to pay off her Greek implemented – € trillions of Euro debt. And soon a past chancellors dream of a one EU state of (GERMANY, is over.

 

The only way to restore credibility is to let the banks go bust, why should we support corrupt gangsters who stole our money and hedge-d bets that went wrong.

 

Financial intervention and support for small business is needed, (not austerity) this is stupidity. The EU is not a state of Germany, and the Euro market is not just for Germany’s overpriced factory output.

 

Any juvenile could work out that if light and heavy truck sales are down 20% plus a month, nothing is being delivered to the consumer, because the factory has gone bust.

 

This failure is being repeated all over the EU and in less than 6 month the Euro may not exist, (thanks to stupidity and a hair brained German chancellor.

 

Governments must now pump money into SME business. And lower VAT to 5%, on everything, follow this by lower Duty again 5% max. All fuels for business must be untaxed to give transport the priority it deserves.

 

Remove tax for start up businesses, (not part of an existing business) remove red tape burden and tax for ten years.

 

Invest in new roads and transport infrastructure with the financial sector paying the lion’s share by way of a financial transaction tax.

 

Create corporate tax incentives to fund a massive investment in alternative fuels, energy and geothermal streams, to initiate a science of innovation and creating spin off, for potential future pioneering business ideas.

 

Failure of Governments to act quickly will lead to an extreme unthinkable destructive break-up of the European Union.

 

The consequences of kicking the can further down the road and allowing the financial sector, especially the insurance giants to get away with the corruption lies deceit fraud etc cannot be comprehended.

 

Gordan Finch

 

 

9,000 banks closed their doors,

Tuesday, May 15th, 2012

There is a paradox in what is happening today and what happened in the US in 1929, when the stock market crashed. Then as now corrupt greedy bankers used depositors money stolen from customers accounts and invested it fraudulently in stocks shares and bonds. And like now they bet on the wrong horse and lost your money.

The great depression was then the worse crisis in banking history. In three years around 9,000 banks closed their doors, and investment fell by 90 percent. Most of these banks failed because terrified customers withdrew cash from their accounts, causing further bank failures. The public blamed banks for the countries financial crisis. Congress exposed gross irresponsibility on the part of leading banks, that had used billions of dollars of depositors’ money to purchase stocks and bonds, and then made unsound loans to inflate the prices of these securities. The public’s hatred against banks insurers and stockbrokers was so terrible that many predicted impending riot.

Then as now the situation is much the same only this time the banks and insurers have lost several future generations wealth. And this time most of the World is indebted to the US who bailed out most countries banks in $ trillion bailouts. Now unlike then we have countries with enforced austerity, like Greece being bailed out again and again as I said in Oct 2010 price hikes on everything.

Comment by gordan Finch | October 6, 2010

The IMF is not controlling the economy of the euro zone countries, market conditions are, and no one wants overpriced inferior products, that every sector of euro zone manufacturers produce in not needed multitude, in an overvalued Euro currency.

The next stage of this manufactured block is liquidation of the weakest, followed by more currency printing, the currency increasing, ending with depression and devaluation. The risk cannot be averted because others have crossed that bridge and were first to revalue their currency.

What happens now is that euro zone countries have price hikes on everything, effectively making the entire Euro currency countries uncompetitive to its export markets and its own consumers who import lower priced better quality products.

These price increases will determine the pressure on the Euro and the consumer who has less to spend and the spiral is downhill for both. It was and is way overvalue. http://socioecohistory.wordpress.com gordan Finch.

Then as now the situation is the same and unless the Euro is devalued there may be a similar run on the banks. While Europe’s leaders disentangle their countries from the stranglehold of the Euro and the European Union. Bringing on another great depression with bank failures and depositors losing their money to the crooks in suits the Bankers and Insurers.

Use your vote to remove the corrupt career politicians from Government then banks and insurers can’t pay them.

 

 

 

ZURICH, R S A, AVIVA, HUGE LIST OF OTHER NAMES.

Friday, January 13th, 2012

Zurich Insurance Group updated list 2012

AA Underwriting Limited                                                    ALL LISTED BELOW ARE ZIG Zurich Financial Services
Access Franchise Management Limited                                NOW ZURICH INSURANCE GROUP Zurich Financial Services
AD (Albany Place) Nominee Limited                                   CHANGED ITS NAME 2012 Zurich Financial Services
AD (Aldgate House) Nominee Limited                                WAS ZFS ZURICH FINANCIAL SERVICES Zurich Financial Services
AD (Alexandra Retail Park) Nominee Limited Zurich Financial Services
AD (Bayham Street) Nominee No. 1 Limited                 THESE NAMES CAN CHANGE Zurich Financial Services
AD (Bayham Street) Nominee No. 2 Limited Zurich Financial Services
AD (Benedicts Court) Nominee Limited Zurich Financial Services
AD (Bilston Road) Nominee Limited Zurich Financial Services
AD (Boundary Row) Nominee Limited Zurich Financial Services
AD (Broadford Park) Nominee Limited Zurich Financial Services
AD (Caldecotte Lake) Nominee Limited Zurich Financial Services
AD (Caldecotte Lake) Nominee No. 2 Limited Zurich Financial Services
AD (Carriage Row) Nominee Limited Zurich Financial Services
AD (Charlotte House) Nominee Limited Zurich Financial Services
AD (Colet Court) Nominee Limited Zurich Financial Services
AD (Concourse) Nominee Limited Zurich Financial Services
AD (Craven Hill) Nominee No. 1 Limited Zurich Financial Services
AD (Craven Hill) Nominee No. 2 Limited Zurich Financial Services
AD (Daewoo) Nominee Limited Zurich Financial Services
AD (Dukes Green) Nominee Limited Zurich Financial Services
AD (East Grinstead House) Nominee Limited Zurich Financial Services
AD (Exchange House) Nominee No. 1 Limited Zurich Financial Services
AD (Exchange House) Nominee No. 2 Limited Zurich Financial Services
AD (Grafton Gate) Nominee Limited Zurich Financial Services
AD (Heathrow House) Nominee Limited Zurich Financial Services
AD (Ixworth House) Nominee No. 1 Limited Zurich Financial Services
AD (Ixworth House) Nominee No. 2 Limited Zurich Financial Services
AD (Langley Business Centre) Nominee Zurich Financial Services
AD (Ling House) Nominee Limited Zurich Financial Services
AD (London Road) Nominee Limited Zurich Financial Services
AD (Mark Lane) Nominee Limited Zurich Financial Services
AD (Noble Drive) Nominee Limited Zurich Financial Services
AD (North Luton) Nominee Limited Zurich Financial Services
AD (Orwell Retail Park) Nominee Limited Zurich Financial Services
AD (Page House) Nominee Limited Zurich Financial Services
AD (Quartert) Nominee Limited Zurich Financial Services
AD (Ryemarket) Nominee Limited Zurich Financial Services
AD (Stamford Street) Nominee No. 1 Limited Zurich Financial Services
AD (Stamford Street) Nominee No. 2 Limited Zurich Financial Services
AD (The Shires) Nominee Limited Zurich Financial Services
AD (Victoria House) Nominee Limited Zurich Financial Services
AD (Wedgewood Way) Nominee Limited Zurich Financial Services
AD (Wey House) Nominee Limited Zurich Financial Services
AD (William Atkins House) Nominee Limited Zurich Financial Services
AD Blackwood 1 Limited Zurich Financial Services
AD Blackwood 2 Limited Zurich Financial Services
AD Eltham 1 Limited Zurich Financial Services
AD Eltham 2 Limited Zurich Financial Services
AD Nominees (Hildreds) No. 1 Limited Zurich Financial Services
AD Nominees (Hildreds) No. 2 Limited Zurich Financial Services
AD Nominees (Worthington Walk) No. 1 Limited Zurich Financial Services
AD Nominees (Worthington Walk) No. 2 Limited Zurich Financial Services
AD Skipton 1 Limited Zurich Financial Services
AD Skipton 2 Limited Zurich Financial Services
AD South Shields No. 1 Limited Zurich Financial Services
AD South Shields No. 2 Limited Zurich Financial Services
ADT Nominees Limited Zurich Financial Services
Afterland Limited Zurich Financial Services
AJAX Nominees Limited Zurich Financial Services
Albert Road 1 UK Limited Zurich Financial Services
Albert Road 2 UK Limited Zurich Financial Services
Allied Dunbar (Channel Islands) Limited Zurich Financial Services
Allied Dunbar (Hendon Park) Nominees Limited Zurich Financial Services
Allied Dunbar (Hendon Park) Nominees No. 2 Limited Zurich Financial Services
Allied Dunbar (Sackville Street) Limited Zurich Financial Services
Allied Dunbar (Staff Pension Plan) Trustee Limited Zurich Financial Services
Allied Dunbar Asset Management plc Zurich Financial Services
Allied Dunbar Assurance plc Zurich Financial Services
Allied Dunbar Consultancy Services Limited Zurich Financial Services
Allied Dunbar Financial Consultancy Limited Zurich Financial Services
Allied Dunbar Financial Services Limited Zurich Financial Services
Allied Dunbar Franchise of Choice Limited Zurich Financial Services
Allied Dunbar Healthcare Marketing Limited Zurich Financial Services
Allied Dunbar Mortgages Limited Zurich Financial Services
Allied Dunbar Pension Services Limited Zurich Financial Services
Allied Dunbar Property Funds Limited Zurich Financial Services
Allied Dunbar Property Services Limited Zurich Financial Services
Allied Dunbar Provident plc Zurich Financial Services
Allied Zurich plc Zurich Financial Services
Ancorft Investments Limited Zurich Financial Services
Arle Centre Limited Zurich Financial Services
Ashdale Land and Property Company Limited Zurich Financial Services
Barrington House Securities Limited Zurich Financial Services
Blankdean Limited Zurich Financial Services
Bristlecourt Limited Zurich Financial Services
Carlton Gate Limited Zurich Financial Services
City of London Insurance Company Limited Zurich Financial Services
Community Trust Services Limited Zurich Financial Services
Conduit Street Properties Limited Zurich Financial Services
Cornbrash Park Management Company Limited Zurich Financial Services
Crimpland Limited Zurich Financial Services
Dunbar Bank plc Zurich Financial Services
Dunbar Commercial Loan Brokers Limited Zurich Financial Services
Dunbar Group plc Zurich Financial Services
Dunbar Independent Limited Zurich Financial Services
Dunbar Nominees Limited Zurich Financial Services
Dunbar Pensions Limited Zurich Financial Services
Dunbar Sports and Social Club Limited Zurich Financial Services
Eagle Insurance Company Limited Zurich Financial Services
Eagle Pension Funds Limited Zurich Financial Services
Eagle Star (Fund Management) Limited Zurich Financial Services
Eagle Star (Leasing) Limited Zurich Financial Services
Eagle Star Computer Services Limited Zurich Financial Services
Eagle Star Direct (Camberley) Limited Zurich Financial Services
Eagle Star Direct Services Limited Zurich Financial Services
Eagle Star Estates Limited Zurich Financial Services
Eagle Star Executives’ Pension Trustee Limited Zurich Financial Services
Eagle Star Farms Limited Zurich Financial Services
Eagle Star Forests Limited Zurich Financial Services
Eagle Star Group Holdings Limited Zurich Financial Services
Eagle Star Group Limited Zurich Financial Services
Eagle Star Group Services Limited Zurich Financial Services
Eagle Star Holdings Limited Zurich Financial Services
Eagle Star Insurance Company Limited Zurich Financial Services
Eagle Star Investment Managers Limited Zurich Financial Services
Eagle Star Investments Limited Zurich Financial Services
Eagle Star Limited Zurich Financial Services
Eagle Star Loans Limited Zurich Financial Services
Eagle Star Morgages Limited Zurich Financial Services
Eagle Star Properties Limited Zurich Financial Services
Eagle Star Property Developments Limited Zurich Financial Services
Eagle Star Property Holdings Limited Zurich Financial Services
Eagle Star Property Management Limited Zurich Financial Services
Eagle Star Securities Limited Zurich Financial Services
Employee Services Limited Zurich Financial Services
EROS Property Investments Limited Zurich Financial Services
ES (Altrincham) Nominee Limited Zurich Financial Services
ES (Chelmsford) Nominee Limited Zurich Financial Services
ES (Leeds) Nominee Limited Zurich Financial Services
ES (Walsall) Nominee Limited Zurich Financial Services
ES Camberley Nominee 1 Limited Zurich Financial Services
ES Camberley Nominee 2 Limited Zurich Financial Services
ES Cannock Nominee 1 Limited Zurich Financial Services
ES Cannock Nominee 2 Limited Zurich Financial Services
ES Coventry Nominee 1 Limited Zurich Financial Services
ES Coventry Nominee 2 Limited Zurich Financial Services
ES Dudley Nominee 1 Limited Zurich Financial Services
ES Dudley Nominee 2 Limited Zurich Financial Services
ES Hoddesdon Nominee 1 Limited Zurich Financial Services
ES Hoddesdon Nominee 2 Limited Zurich Financial Services
ES Ipswich Nominee 1 Limited Zurich Financial Services
ES Ipswich Nominee 2 Limited Zurich Financial Services
ES Plymouth Nominee 2 Limited Zurich Financial Services
ES Plympton Nominee 1 Limited Zurich Financial Services
ES Ramsgate Nominee 1 Limited Zurich Financial Services
ES Ramsgate Nominee 2 Limited Zurich Financial Services
ESI Financing Limited Zurich Financial Services
Esprit Independent Services Limited Zurich Financial Services
Farnborough Business Centre Management Zurich Financial Services
Fishergate Preston Nominee No. 1 Limited Zurich Financial Services
Fishergate Preston Nominee No. 2 Limited Zurich Financial Services
FMP Nominees Limited Zurich Financial Services
Groomlink Limited Zurich Financial Services
Grovewood Engineering Limited Zurich Financial Services
Grovewood Property Holdings Limited Zurich Financial Services
Hawkcentral Limited Zurich Financial Services
High Street Inverness Nominee No. 1 Limited Zurich Financial Services
High Street Inverness Nominee No. 2 Limited Zurich Financial Services
High Street Lincoln Nominee No. 1 Limited Zurich Financial Services
High Street Lincoln Nominee No. 2 Limited Zurich Financial Services
Highcross (Slough) Management Limited Zurich Financial Services
Home & Overseas Insurance Company Limited Zurich Financial Services
Indirect Advice Limited Zurich Financial Services
Indirect Independent Limited Zurich Financial Services
JAS W King & Co Limited Zurich Financial Services
Latinhurst Limited Zurich Financial Services
Logobrook Limited Zurich Financial Services
Lordbourne Limited Zurich Financial Services
Mentionland Limited Zurich Financial Services
Meritclass Investments Limited Zurich Financial Services
Micheldever Estates Limited Zurich Financial Services
Microwriter Limited Zurich Financial Services
Midland Assurance Limited Zurich Financial Services
Navigators and General Insurance Company Limited Zurich Financial Services
Nearheath Limited Zurich Financial Services
Openwork Access Limited Zurich Financial Services
Openwork Holdings Limited Zurich Financial Services
Openwork Limited Zurich Financial Services
Openwork Services Limited Zurich Financial Services
Parcelgate Limited Zurich Financial Services
Pilot Assurance Company Limited Zurich Financial Services
Preferred Assurance Company Limited Zurich Financial Services
Preferred Assurance Services Limited Zurich Financial Services
Premier Unit Trust Administration Limited Zurich Financial Services
Property Now Limited Zurich Financial Services
Removers & General Insurance Company Limited Zurich Financial Services
Sackville Street Limited Zurich Financial Services
Share Miles Limited Zurich Financial Services
Shire Park Limited Zurich Financial Services
Solentbar Property Investment Limited Zurich Financial Services
Spirecharm Limited Zurich Financial Services
Stareagle Limited Zurich Financial Services
Starpatch Investments Limited Zurich Financial Services
Sterling ISA Managers Limited Zurich Financial Services
Sterling Pension Services Limited Zurich Financial Services
Sunley Homes Limited Zurich Financial Services
Swindon Community Arts Foundation Limited Zurich Financial Services
Technical Connection Limited Zurich Financial Services
The Financial Planning Network Limited Zurich Financial Services
The Investment Academy Limited Zurich Financial Services
The Liverpool Reversionary Company Limited Zurich Financial Services
The Swindon Partnership Limited Zurich Financial Services
The Theatres Mutual Insurance Company Limited Zurich Financial Services
The Trust Company of Scotland Limited Zurich Financial Services
The ZFN Management Company Limited Zurich Financial Services
Threadneedle Asset Management Holdings Limited Zurich Financial Services
Train For Work Enterprises Zurich Financial Services
Trent Insurance Company Limited Zurich Financial Services
UPAL (Nominees) Limited Zurich Financial Services
Whiteley Partnership Insurance Company Limited Zurich Financial Services
Winchester Place (Management) Limited Zurich Financial Services
Wren Investments Limited Zurich Financial Services
Wren Trust Limited Zurich Financial Services
ZSL Financing Limited Zurich Financial Services
Zurich & Eagle Star Accident Repair Centres Limited Zurich Financial Services
Zurich (Sales Management Pension Plan) Trustee Limited Zurich Financial Services
Zurich Advice Network Limited Zurich Financial Services
Zurich Assurance Zurich Financial Services
Zurich Assurance (2004) Plc Zurich Financial Services
Zurich Assurance Limited Zurich Financial Services
Zurich Building Control Services Limited Zurich Financial Services
Zurich Community Trust (UK) Limited Zurich Financial Services
Zurich Computer Services Limited Zurich Financial Services
Zurich Corporate Solutions (UK) Limited Zurich Financial Services
Zurich Employment Services Zurich Financial Services
Zurich Employment Services Limited Zurich Financial Services
Zurich Finance (UK) plc Zurich Financial Services
Zurich Financial Management Limited Zurich Financial Services
Zurich Financial Portal Limited Zurich Financial Services
Zurich Financial Services (UKISA Group Services Limited) Zurich Financial Services
Zurich Financial Services (UKISA) Limited Zurich Financial Services
Zurich Financial Services (UKISA) Nominees Limited Zurich Financial Services
Zurich Financial Services UK Pension Trustee Limited Zurich Financial Services
Zurich Financial Solutions Limited Zurich Financial Services
Zurich Franchise Network Limited Zurich Financial Services
Zurich Global Corporate UK  Limited Zurich Financial Services
Zurich GSG Limited Zurich Financial Services
Zurich GSH Limited Zurich Financial Services
Zurich Holdings (UK) Limited Zurich Financial Services
Zurich IFA Limited Zurich Financial Services
Zurich Independent Wealth Management Limited Zurich Financial Services
Zurich Indirect Advice Limited Zurich Financial Services
Zurich Insurance Plc Zurich Financial Services
Zurich Intermediary Group Limited Zurich Financial Services
Zurich International (UK) Limited Zurich Financial Services
Zurich International Solutions Limited Zurich Financial Services
Zurich Introducer Network Limited Zurich Financial Services
Zurich Leisure Services Limited Zurich Financial Services
Zurich Life International Services Limited Zurich Financial Services
Zurich Management Services Limited Zurich Financial Services
Zurich Mortgage Solutions Limited Zurich Financial Services
Zurich Municipal Management Services Limited Zurich Financial Services
Zurich Pensions Management Limited Zurich Financial Services
Zurich Personal Finance Limited Zurich Financial Services
Zurich Professional Limited Zurich Financial Services
Zurich Specialites London Limited Zurich Financial Services
Zurich Training and Development Services Limited Zurich Financial Services
Zurich Transitional Services Limited Zurich Financial Services
Zurich Trustee Company (UK) Limited Zurich Financial Services
Zurich UK General Employee Services Limited Zurich Financial Services
Zurich UK General Services Limited Zurich Financial Services
Zurich Wealth Management Limited Zurich Financial Services
Zurich Whiteley Credit Limited Zurich Financial Services
Zurich Whiteley Investment Limited Zurich Financial Services
Zurich Whiteley Investment Trust Limited Zurich Financial Services
Zurich Whiteley Leasing Limited Zurich Financial Services
Zurich Whiteley Limited Zurich Financial Services
Zurich Whiteley Properties Limited Zurich Financial Services
Zurich Whiteley Trust Fund Managers Limited Zurich Financial Services
Zurich Whiteley Trust Limited Zurich Financial Services

ZF Its changed its name.  CHARTIS is just another name added to its list of subsidiaries now you know.

 

AVIVA

131 FINSBURY PAVEMENT (NO. 1) LIMITED
131 FINSBURY PAVEMENT (NO. 5) LIMITED(Dissolved)
131 FINSBURY PAVEMENT (NO. 6) LIMITED(Dissolved)
131 FINSBURY PAVEMENT (NO. 9) LIMITED(Dissolved)
A.R.P. FINANCIAL SERVICES LIMITED(Dissolved)
A.R.P. PUBLISHING LIMITED(Dissolved)
AAF LEASING LIMITED
ADVANCE CALL LIMITED(Dissolved)
AGENCY FINANCIAL SERVICES LIMITED(Dissolved)
ARBUTHNOT FUTURES INTERNATIONAL LIMITED(Dissolved)
ASHTENNE INDUSTRIAL (GENERAL PARTNER) LIMITED
ASHTENNE INDUSTRIAL FUND NOMINEE NO.1 LIMITED(Dormant)
ASHTENNE INDUSTRIAL FUND NOMINEE NO.2 LIMITED(Dormant)
ASHTON HOCKNELL LIMITED(Dissolved)
ASHTON TOD MCLAREN(Dissolved)
ASHTON TOD NOMINEES(Dissolved)
ASPINWALL’S LIMITED(Dissolved)
ASPIRA LIMITED(Dormant)
AUSTERBERRY LIMITED(Dissolved)
AVIVA ASSET MANAGEMENT LIMITED(Dormant)
AVIVA COMPANY SECRETARIAL SERVICES LIMITED(Dormant)
AVIVA DIRECTOR SERVICES LIMITED(Dormant)
AVIVA DOMAINS LIMITED(Dormant)
AVIVA EMPLOYMENT SERVICES LIMITED
AVIVA FINANCIAL SERVICES LIMITED(Dormant)
AVIVA GROUP LIMITED(Dormant)
AVIVA HOLDINGS POLAND LIMITED(Dormant)
AVIVA INSURANCE(Dormant)
AVIVA INTERNATIONAL HOLDINGS LIMITED
AVIVA LIFE & PENSIONS LIMITED(Dormant)
AVIVA LIFE LIMITED(Dormant)
AVIVA PLC
AVIVA SHARE ACCOUNT LIMITED(Dormant)
AVIVA STAFF PENSION TRUSTEE LIMITED(Dormant)
BANKS & SILVERS LIMITED(Dissolved)
BARWELL BUSINESS PARK NOMINEE LIMITED(Dormant)
BEALES PROPERTY SERVICES LIMITED(Dissolved)
BELL WATSON LIMITED(Dissolved)
BLUECYCLE.COM LIMITED
BREAKCROFT LEASING LIMITED(Dissolved)
BRITISH & EUROPEAN REINSURANCE COMPANY LIMITED(THE)

BRITISH GENERAL INSURANCE COMPANY LIMITED(THE)(Dissolved)
BROGDENS LIMITED(Dissolved)
BROWNLEIGH PROPERTIES LIMITED(Dissolved)
BTE LAWLINE LIMITED
BUILDING A FUTURE (NEWHAM SCHOOLS) LIMITED
C.U. DRIVEPLAN LIMITED(Dissolved)
CARDIFF BAY NOMINEE 1 LIMITED(Dormant)
CARDIFF BAY NOMINEE 2 LIMITED(Dormant)
CARSTAR ACCIDENT MANAGEMENT LIMITED
CARSTAR AUTOMOTIVE LIMITED
CARSTAR FINANCE LIMITED(Dormant)
CARSTAR LIMITED
CENTRE SERVICES (EAST) LIMITED(Dissolved)
CGNU HOLDINGS (AUSTRALIA) LIMITED
CGNU INVESTMENT HOLDINGS LIMITED
CGNU LIFE ASSURANCE LIMITED
CGNU LIFE ASSURANCE LIMITED
CGU BONUS LIMITED
CGU CREDIT SERVICES LIMITED
CGU DIRECT CLUB SERVICES LIMITED(Dissolved)
CGU DORMANT (XEDIN/CUPM) LIMITED(Dissolved)
CGU FINANCIAL MANAGEMENT LIMITED
CGU GROUP B.V.
CGU HOLDINGS LLC
CGU INSURANCE PLC
CGU INTERNATIONAL INSURANCE PLC
CGU LIFE DORMANT (AFS) LIMITED(Dissolved)
CGU SPECIAL INVESTMENTS LIMITED
CGU UNDERWRITING LIMITED
CLAYTON BOOTH & PARTNERS LIMITED(Dissolved)
CLIENT UNION LIMITED(Dissolved)
CLIMAX LIFT TRUCKS LIMITED(Dormant)
COBBS PROPERTY SERVICES LIMITED(Dissolved)
COLLINS SON & HARVEY SOUTH LIMITED(Dissolved)
COMMERCIAL INSURANCE COMPANY OF IRELAND LIMITED (THE)
COMMERCIAL UNION (BES) INVESTMENT MANAGEMENT LIMITED(Dissolved)
COMMERCIAL UNION (NO.25) LIMITED(Dissolved)
COMMERCIAL UNION ASSET FINANCE (NO. 1) LIMITED(Dissolved)
COMMERCIAL UNION ASSET FINANCE (NO. 2) LIMITED(Dissolved)
COMMERCIAL UNION ASSURANCE COMPANY LIMITED
COMMERCIAL UNION CAPITAL LIMITED
COMMERCIAL UNION CORPORATE MEMBER LIMITED
COMMERCIAL UNION EQUIPMENT FINANCE LIMITED
COMMERCIAL UNION FINANCIAL SERVICES LIMITED(Dissolved)
COMMERCIAL UNION HOLDINGS (FRANCE) LIMITED
COMMERCIAL UNION INVESTMENTS LIMITED(Dissolved)
COMMERCIAL UNION LEASING LIMITED(Dissolved)
COMMERCIAL UNION LIFE ASSURANCE COMPANY LIMITED
COMMERCIAL UNION LIME STREET (NO.1) LIMITED(Dissolved)
COMMERCIAL UNION MARINE MANAGERS LIMITED(Dissolved)
COMMERCIAL UNION MORTGAGE CORPORATION LIMITED(Dissolved)
COMMERCIAL UNION MORTGAGE PARTNERSHIP LIMITED(Dissolved)
COMMERCIAL UNION NOMINEE HOLDINGS LIMITED(Dormant)
COMMERCIAL UNION NOMINEES LIMITED
COMMERCIAL UNION TRUSTEES LIMITED
COMMERCIAL UNION TRUSTEES NOMINEE COMPANY LIMITED(Dissolved)
COMMERCIAL UNION VEHICLE FINANCE LIMITED(Dissolved)
CONSUMER UNION LIMITED(Dissolved)
CORNERFORD LIMITED
CORPORATE CENTRES (SERVICES) LIMITED
CORPORATE CENTRES GP LIMITED
CORPORATE CENTRES NOMINEE LIMITED
CUBE AIRFINANCE LIMITED
CUSTOMER UNION LIMITED(Dissolved)
DAVID FORD & GRAY LIMITED(Dissolved)
DEE & ATKINSON LIMITED(Dissolved)
DOLPHIN EBT LIMITED
DUDLEY CHARLTON LIMITED(Dissolved)
EDINBURGH ASSURANCE COMPANY LIMITED
EMPLOYERS’ LIABILITY ASSURANCE CORPORATION LIMITED(THE)
ENGLISH ASSURANCE LIMITED(Dissolved)
ESTATES HOUSE INVESTMENT TRUST LIMITED(Dissolved)
EVIDENT LEGAL SERVICES LIMITED
F M M (VEHICLE DELIVERIES) LIMITED(Dissolved)
FIDELITY LIFE ASSURANCE LIMITED
FINE ART & GENERAL INSURANCE COMPANY LIMITED(Dissolved)
FLEET MOTOR MANAGEMENT (FINANCE) LIMITED(Dissolved)
FLEET MOTOR MANAGEMENT LIMITED(Dissolved)
FLEETMAN LIMITED(Dissolved)
FMM (HOLDINGS) LIMITED(Dissolved)
FMM (INSURANCE MANAGEMENT) LIMITED(Dissolved)
FMM (INTERNATIONAL) LIMITED(Dissolved)
FMM (MANAGEMENT SERVICES ) LIMITED(Dissolved)
FMM (NO. 1) LIMITED(Dissolved)
FMM (OPERATING LEASES) LIMITED(Dissolved)
FMM (VEHICLE DISPOSALS) LIMITED(Dissolved)
FMM CAREFREE MOTORING PLAN LIMITED(Dissolved)
FMM GROUP LIMITED(Dissolved)
FMM SPECIAL RISKS LIMITED(Dissolved)
FUTURE INSURANCE SERVICES LIMITED(Dissolved)
G A PROPERTY AGENCY LIMITED(Dissolved)
GA BONUS PLC
GA BONUS PLC
GA INVESTMENT MANAGEMENT SERVICES LIMITED
GA LEISURE LIMITED
GA UNIT TRUST MANAGERS LIMITED(Dissolved)
GAFLAC NOMINEES LIMITED(Dissolved)
GALLIUM ENTERPRISES LIMITED(Dissolved)
GARTONS PROPERTY SERVICES LIMITED(Dissolved)
GENERAL ACCIDENT DEVELOPMENTS LIMITED
GENERAL ACCIDENT EXECUTOR AND TRUSTEE COMPANY LIMITED
GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORPORATION
GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORPORATION LIMITED
GENERAL ACCIDENT LIFE DEVELOPMENTS LIMITED

GENERAL ACCIDENT PENSIONS MANAGEMENT LIMITED
GENERAL ACCIDENT PEP MANAGERS LIMITED(Dissolved)
GENERAL ACCIDENT PLC
GENERAL ACCIDENT REINSURANCE COMPANY LIMITED
GEOFFREY MORLEY UNIT MANAGERS LIMITED(Dissolved)
GIBBINGS & THORNBORROW LIMITED(Dissolved)
GILLANDS HOLDINGS LIMITED(Dissolved)
GOODMAN & MANN LIMITED(Dissolved)
GRAMPIAN PROPERTIES LIMITED(Dissolved)
GRESHAM INSURANCE COMPANY LIMITED
GREY PANTHERS LIMITED(Dormant)
GUARANTEE AND SURETYSHIP INSURANCE COMPANY LIMITED(Dissolved)
GUARANTEE SOCIETY LIMITED(THE)
HAND IN HAND INSURANCE SERVICES LIMITED(Dormant)
HEMEL HEMPSTEAD ESTATE MANAGEMENT LIMITED
HESKSTAR LIMITED(Dormant)
HILL HOUSE HAMMOND LIMITED
HODDELL PRITCHARD LIMITED(Dissolved)
HOLLOWAYS PROPERTIES LIMITED
HPI (NO.1) LIMITED
HPI (UK) LIMITED
HPI GROUP HOLDINGS LIMITED
HPI GROUP LIMITED(Dormant)
HPI LIMITED
HUNTERS OF LINCOLN LIMITED(Dissolved)
IGLOO REGENERATION (GENERAL PARTNER) LIMITED
IGLOO REGENERATION (NOMINEE) LIMITED(Dormant)
IGLOO REGENERATION PARTNERSHIP
INDEMNITY MARINE ASSURANCE COMPANY LIMITED
J.M. WARWICK & CO. LIMITED(Dissolved)
JAMES HURST ASSOCIATES LIMITED(Dissolved)
JESMOND PLACE MANAGEMENT LIMITED(Dormant)
JOHN H.JAMES (HOLDINGS) PLC(Dissolved)
JOHN PICKLES & COMPANY LIMITED(Dissolved)
KEITH CARDALE GROVES LIMITED(Dissolved)
KING WOOD & CO. SERVICES LIMITED(Dissolved)
LANCASHIRE AND YORKSHIRE REVERSIONARY INTEREST COMPANY(THE)
LAWSON LARG (NORTON) LIMITED(Dissolved)
LAWSON LARG LIMITED(Dissolved)
LIFE AND PENSIONS ADMINISTRATION SERVICES LIMITED
LIME PROPERTY FUND (GENERAL PARTNER) LIMITED
LIME PROPERTY FUND (NOMINEE) LIMITED(Dormant)
LLOYDS (ESTATE AGENCIES) PLC(Dormant)
LOMBARD (LONDON) 1 LIMITED(Dormant)
LOMBARD (LONDON) 2 LIMITED(Dormant)
LONDON & EDINBURGH INSURANCE GROUP LIMITED
LONDON & SCOTTISH ASSURANCE CORPORATION,LIMITED
LONDON AND EDINBURGH INSURANCE COMPANY LIMITED
LONDON AND EDINBURGH LIFE ASSURANCE COMPANY LIMITED(Dormant)
LONDON AND EDINBURGH SERVICES LIMITED
LONDON AND EDINBURGH TRUSTEES LIMITED(Dissolved)
LONGMEAD SERVICE AND BODYSHOP LIMITED
MABROOK HOLDINGS LIMITED
MACALISTER & DUNDAS LIMITED(Dissolved)
MARKET PLACE ROMFORD NO 1 LIMITED(Dissolved)
MARKET PLACE ROMFORD NO 2 LIMITED(Dissolved)
MARTLET PROPERTY SERVICES PLC(Dormant)
MATCHTRACK LIMITED(Dormant)
MATTHEW PARKER STREET (NOMINEE NO 1) LIMITED(Dormant)
MATTHEW PARKER STREET (NOMINEE NO 2) LIMITED(Dormant)
MAUREEN FREEMAN & CO. LIMITED(Dissolved)
MAWERS HARROGATE LIMITED(Dissolved)
METROPATH LIMITED(Dormant)
METROPOLITAN CENTRE BARNSLEY (NOMINEE NO 1) LIMITED(Dissolved)
METROPOLITAN CENTRE BARNSLEY (NOMINEE NO 2) LIMITED(Dissolved)
MEXICO NOMINEES LIMITED(Dissolved)
MFM EMPLOYMENT SERVICES LIMITED
MILL NU DEVELOPMENTS (CONFERENCE CENTRE) LIMITED(Dormant)
MILL NU PROPERTIES LIMITED
MORLEY FUND MANAGEMENT INTERNATIONAL LIMITED
MORLEY FUND MANAGEMENT LIMITED
MORLEY INVESTMENT HOLDINGS LIMITED
MORLEY POOLED PENSIONS LIMITED
MORLEY PROPERTIES LIMITED
MORLEY PROPERTY (ESTATE SERVICES) LIMITED(Dissolved)
MORLEY PROPERTY DEVELOPMENTS LIMITED
MORLEY PROPERTY FUND MANAGEMENT LIMITED(Dormant)
NAYLOR HAYWARD LIMITED(Dissolved)
NETNERVE LIMITED(Dormant)
NEW OXFORD STREET (GENERAL PARTNER) LIMITED(Dormant)
NEW OXFORD STREET (NOMINEE) LIMITED(Dormant)
NEW ZEALAND REINSURANCE COMPANY (U.K.) LIMITED(THE)
NORTH BRITISH AND MERCANTILE INSURANCE COMPANY LIMITED
NORTH BRITISH AND MERCANTILE INSURANCE COMPANY LIMITED
NORTHERN ASSURANCE COMPANY LIMITED(THE)
NORWICH PROPERTIES (SCOTLAND) LIMITED(Dissolved)
NORWICH UNION (MALL GP) LIMITED
NORWICH UNION (PFS) LIMITED
NORWICH UNION (SHAREHOLDER GP) LIMITED
NORWICH UNION ANNUITY LIMITED
NORWICH UNION ASSET SERVICES LIMITED(Dissolved)
NORWICH UNION AUSTRALIA LIMITED
NORWICH UNION CENTRAL SERVICES LIMITED
NORWICH UNION COLLECTIVE INVESTMENTS LIMITED
NORWICH UNION COMMERCIAL FINANCE LIMITED
NORWICH UNION COMMERCIAL MORTGAGES LIMITED
NORWICH UNION CONSUMER PRODUCTS LIMITED
NORWICH UNION DIRECT FINANCIAL SERVICES LIMITED
NORWICH UNION EQUITY RELEASE LIMITED
NORWICH UNION ESTATE AGENTS LIMITED(Dissolved)
NORWICH UNION FINANCE (NO.3) LIMITED(Dissolved)
NORWICH UNION FINANCIAL SERVICES LIMITED(Dissolved)
NORWICH UNION HEALTHCARE LIMITED
NORWICH UNION HOLDINGS (MARINE) LIMITED(Dissolved

NORWICH UNION HOLDINGS LIMITED
NORWICH UNION INSURANCE LIMITED
NORWICH UNION INSURANCE SERVICES LIMITED
NORWICH UNION INVESTMENT FUNDS LIMITED
NORWICH UNION INVESTMENT SERVICES LIMITED(Dissolved)
NORWICH UNION LEASING (AUGUST) LIMITED(Dissolved)
NORWICH UNION LEASING (DECEMBER) LIMITED(Dissolved)
NORWICH UNION LEASING (FEBRUARY) LIMITED(Dissolved)
NORWICH UNION LEASING (JANUARY) LIMITED(Dissolved)
NORWICH UNION LEASING (JULY) LIMITED(Dissolved)
NORWICH UNION LEASING (JUNE) LIMITED(Dissolved)
NORWICH UNION LEASING (MARCH) LIMITED(Dissolved)
NORWICH UNION LEASING (MAY) LIMITED(Dissolved)
NORWICH UNION LEASING (NOVEMBER) LIMITED(Dissolved)
NORWICH UNION LEASING (OCTOBER) LIMITED(Dissolved)
NORWICH UNION LEASING (SEPTEMBER) LIMITED(Dissolved)
NORWICH UNION LEASING HOLDINGS LIMITED(Dormant)
NORWICH UNION LIFE & PENSIONS LIMITED
NORWICH UNION LIFE (RBS) JV LIMITED
NORWICH UNION LIFE (RBS) LIMITED
NORWICH UNION LIFE DIRECT LIMITED
NORWICH UNION LIFE HOLDINGS LIMITED
NORWICH UNION LIFE INSURANCE SOCIETY(THE)(Dormant)
NORWICH UNION LIFE SERVICES LIMITED
NORWICH UNION LIMITED
NORWICH UNION LINKED LIFE ASSURANCE LIMITED
NORWICH UNION MILNER (GP) LIMITED
NORWICH UNION MORTGAGE FINANCE LIMITED
NORWICH UNION MORTGAGE HOLDINGS LIMITED
NORWICH UNION MORTGAGES (GENERAL) LIMITED
NORWICH UNION MORTGAGES (LIFE) LIMITED
NORWICH UNION OCCUPATIONAL HEALTH LIMITED
NORWICH UNION OVERSEAS HOLDINGS B.V.
NORWICH UNION OVERSEAS HOLDINGS LIMITED
NORWICH UNION PENSION TRUSTEES LIMITED
NORWICH UNION PENSIONEER TRUSTEE LIMITED(Dissolved)
NORWICH UNION PERSONAL FINANCE LIMITED
NORWICH UNION PERSONAL LENDING LIMITED(Dissolved)
NORWICH UNION REAL ESTATE MANAGERS LIMITED(Dissolved)
NORWICH UNION RISK SERVICES LIMITED
NORWICH UNION SOFTWARE SERVICES LIMITED
NORWICH UNION TRUSTEES LIMITED
NORWICH UNION VENTURE CAPITAL LIMITED
NORWICH UNION WEALTH MANAGEMENT LIMITED
NU 3PS LIMITED
NU COLLEGE FOR CANTERBURY LIMITED(Dormant)
NU DEVELOPMENTS (BRIGHTON) LIMITED
NU LIBRARY FOR BRIGHTON LIMITED
NU LOCAL CARE CENTRES (BRADFORD) LIMITED
NU LOCAL CARE CENTRES (CHICHESTER NO. 1) LIMITED
NU LOCAL CARE CENTRES (CHICHESTER NO. 2) LIMITED
NU LOCAL CARE CENTRES (CHICHESTER NO. 3) LIMITED

NU LOCAL CARE CENTRES (CHICHESTER NO. 4) LIMITED
NU LOCAL CARE CENTRES (CHICHESTER NO. 5) LIMITED
NU LOCAL CARE CENTRES (CHICHESTER NO. 6) LIMITED
NU LOCAL CARE CENTRES (FARNHAM) LIMITED
NU LOCAL CARE CENTRES (WEST PARK) LIMITED
NU LOCAL CARE CENTRES LIMITED(Dormant)
NU OFFICES FOR REDCAR LIMITED
NU OFFICES FOR SURREY LIMITED(Dormant)
NU SCHOOLS FOR REDBRIDGE LIMITED
NU TECHNOLOGY AND LEARNING CENTRES (HACKNEY) LIMITED
NU TECHNOLOGY AND LEARNING CENTRES LIMITED(Dormant)
NUI INVESTMENTS LIMITED
NULH2 LIMITED
NUPFS LIMITED
NUPPP (CARE TECHNOLOGY AND LEARNING CENTRES) LIMITED
NUPPP (GP) LIMITED
NUPPP HARD SERVICES LIMITED(Dormant)
NUPPP NOMINEES LIMITED(Dormant)
NUSOF.COM LIMITED
NUWM NOMINEES LIMITED(Dissolved)
NUWM SERVICES LIMITED
OCEAN ACCIDENT & GUARANTEE CORPORATION LIMITED(THE)(Dissolved)
OCEAN MARINE INSURANCE COMPANY LIMITED
OHRA UK LIMITED(Dormant)
OLD EMPLOYMENT SERVICES LIMITED(Dissolved)
PADDINGTON CENTRAL I (GP) LIMITED
PADDINGTON CENTRAL II (GP) LIMITED
PADDINGTON CENTRAL III (GP) LIMITED
PADDINGTONCENTRAL MANAGEMENT COMPANY LIMITED
PARKRIDGE C.E.R. (GENERAL PARTNER) LIMITED
PLANT SAFETY PENSION TRUSTEES LIMITED(Dormant)
PREMIUM SEARCH PUBLIC LIMITED COMPANY(Dormant)
PROJECT SEATTLE LIMITED(Dissolved)
PROPERTY ESTATES & REVERSION COMPANY LIMITED(THE)(Dissolved)
QGC MONEY CENTRE LIMITED(Dissolved)
QUANTUM PROPERTY PARTNERSHIP (GENERAL PARTNER) LIMITED
QUARRYVALE ONE LIMITED
QUARRYVALE THREE LIMITED
QUEENSGATE (GP) LIMITED
QUEENSGATE MANAGEMENT SERVICES LIMITED(Dissolved)
R J HARRISON LIMITED(Dissolved)
R.A.C. MEMBER BENEFITS DIRECT LIMITED
RAC COMMERCIAL ASSISTANCE LIMITED
RAC CONSTRUCTION LIMITED
RAC ENTERPRISES LIMITED
RAC FINANCIAL SERVICES LIMITED
RAC INSURANCE LIMITED
RAC INVESTMENTS LIMITED
RAILWAY PASSENGERS ASSURANCE COMPANY(Dissolved)
ROAD TRANSPORT & GENERAL INSURANCE COMPANY LIMITED
ROYAL SCOTTISH INSURANCE COMPANY LIMITED
SAXTONS LIMITED(Dissolved
SCOTTISH BOILER AND GENERAL INSURANCE COMPANY LIMITED
SCOTTISH BOILER AND GENERAL INSURANCE COMPANY LIMITED
SCOTTISH GENERAL INSURANCE COMPANY LIMITED
SCOTTISH GENERAL INSURANCE COMPANY, LIMITED
SCOTTISH INSURANCE CORPORATION LIMITED
SCOTTISH INSURANCE CORPORATION LIMITED
SCOTTISH METROPOLITAN ASSURANCE COMPANY LIMITED(Dissolved)
SCOTTISH UNION & NATIONAL INSURANCE COMPANY
SECURITY ASSURANCE LIMITED(Dormant)
SECURITY ASSURANCE SERVICES LIMITED(Dormant)
SECURITY INSURANCE GROUP LIMITED(Dormant)
SECURITY INSURANCE LIMITED(Dissolved)
SELECTDIRECT LIMITED(Dormant)
SILICON WHARF LIMITED(Dissolved)
SOLUS (LONDON) LIMITED
SOLUS AUTOMOTIVE LIMITED
SPECIALIST BRAND LIMITED
SPECTRUM NO.1 LIMITED(Dissolved)
SPECTRUM NO.2 LIMITED(Dissolved)
STEERLINE LIMITED(Dissolved)
STUART WYSE OGILVIE ESTATES LIMITED
SUNFLAKE LIMITED(Dissolved)
TENNANTS ESTATE AGENCY LIMITED(Dissolved)
TESCO PERSONAL FINANCE LIFE LIMITED
THE GALLERIES BRISTOL NOMINEE NO 1 LIMITED(Dormant)
THE GALLERIES BRISTOL NOMINEE NO 2 LIMITED(Dormant)
THE GENERAL PRACTICE FINANCE CORPORATION LIMITED
THE GENERAL PRACTICE FINANCE CORPORATION PROPERTY MANAGEMENT LIMITED (DISSOLVED)
THE MILEAGE REGISTER LIMITED
THE NATIONAL GUARANTEE AND SURETYSHIP ASSOCIATION LIMITED (Dormant)
THE SQUARE BRIGHTON LIMITED(Dormant)
THE WHITE CROSS INSURANCE COMPANY LIMITED(Dissolved)
THOMAS COSTLEY & SON LIMITED(Dissolved)
THOMPSONS OF DERBY LIMITED(Dissolved)
TIMBERLAINE PROPERTIES LIMITED
TPFI LIMITED
TPFL LIMITED
TRANSPORT INVESTMENTS LIMITED
TRAVELLERS’ INSURANCE ASSOCIATION,LIMITED(THE)
ULSTER MARINE INSURANCE COMPANY LIMITED (THE)
ULSTER MARINE INSURANCE COMPANY LIMITED(Dormant)
UNDERSHAFT LIMITED
UNION ASSURANCE SOCIETY LIMITED
UNION ASSURANCE SOCIETY LIMITED
UNION CONTRACT COMPANY LIMITED
UNITED SCOTTISH INSURANCE COMPANY LIMITED (THE)(Dissolved)
VALLEY PARK RUGBY NOMINEE NO. 1 LIMITED(Dormant)
VALLEY PARK RUGBY NOMINEE NO. 2 LIMITED(Dormant)
VANWALL 2 MANAGEMENT COMPANY LIMITED(Dormant)
WALKER, BARNETT & HILL LIMITED(Dissolved)
WATSONS (EAST ANGLIA) LIMITED(Dissolved)
WELSH INSURANCE CORPORATION LIMITED
WEST OF SCOTLAND INSURANCE OFFICE LIMITED
WEST OF SCOTLAND INSURANCE OFFICE LIMITED(Dissolved)
WHITE CROSS INSURANCE COMPANY LIMITED(Dormant)
WILMOR NOMINEES LIMITED(Dissolved)
WORDBASE LIMITED(Dissolved)
WORLD AUXILIARY INSURANCE CORPORATION LIMITED(THE)
WORLDWIDE ASSISTANCE LIMITED(Dissolved)
YORKSHIRE INSURANCE COMPANY LIMITED.

 

Royal Sun Alliance subsidiaries. Oct 2010.

Company Alliance Assurance Company Limited United Kingdom 73396
Company B.E. Inspection Limited United Kingdom 1473734
Company Bradford Insurance Trustee Limited United Kingdom 5601584
Company British and Foreign Marine Insurance Company Limited United Kingdom 3671
Company British Aviation Insurance Company Limited United Kingdom 246018
Company Century Insurance Company Limited United Kingdom SC001451
Company Codan Finance Limited United Kingdom 6883932
Company Coverselect Limited United Kingdom 4251969
Company Europa General Underwriters (N.I.) Limited United Kingdom NI039814
Company Fyfe Group Limited United Kingdom 4454609
Company Liability Insurance Solutions Limited United Kingdom 4303129
Company Liverpool Marine and General Insurance Company Limited United Kingdom 150643
Company London Guarantee & Reinsurance Company Limited United Kingdom 4403
Company Magian Underwriting Agency (1998) Limited United Kingdom 3615454
Company Martello Professional Risks Limited United Kingdom 3276482
Company Martello Underwriting Limited United Kingdom 5191791
Company McQuitty & Co Limited United Kingdom NI20110
Company Millhood Limited United Kingdom 6413675
Company Motor Trade Solutions Limited United Kingdom 4303130
Company Mynshul Financial Services Limited United Kingdom 2189469
Company Mynshul Holdings Limited United Kingdom 2254472
Company Mynshul Insurance Services Limited United Kingdom 1286285
Royal and Sun Alliance (RSA)
Company National Vulcan Engineering Insurance Group Limited United Kingdom 1471
Company Non-Destructive Testers Limited United Kingdom 2427527
Company Octopus (London) Limited United Kingdom 6419924
Company P.I. Direct Holdings Limited United Kingdom 4679441
Company PI Brokernet Limited United Kingdom 101998
Company PID Trustee Limited United Kingdom 3479014
Company Professional Indemnity Direct Limited United Kingdom 1219381
Company R&SA Eagle 2 Limited United Kingdom 987566
Company R&SA Global Network Limited United Kingdom 2814534
Company R&SA Marketing Services plc United Kingdom 2145778
Company RIGPS Pension Trustee Limited United Kingdom 5872495
Company RIGPS Properties Limited United Kingdom 2605636
Company Road Runner Motor Trade Limited United Kingdom 3571766
Company Royal & Sun Alliance Insurance (Global) Limited United Kingdom 121651
Company Royal & Sun Alliance Insurance Finance Limited United Kingdom 2395376
Company Royal & Sun Alliance Insurance plc United Kingdom 93792
Company Royal & Sun Alliance Life Holdings Limited United Kingdom 864196
Company Royal & Sun Alliance Pension Trustee Limited United Kingdom 4320660
Company Royal & Sun Alliance Property Services Limited United Kingdom 2084694
Company Royal & Sun Alliance Reinsurance Limited United Kingdom 100097
Company Royal Insurance (U.K.) Limited United Kingdom 1516396
Company Royal Insurance Holdings plc United Kingdom 2221960
Company Royal Insurance Operational Services (U.K.) Limited United Kingdom 962171
Company Royal Insurance Service Company Limited United Kingdom 536879
Company Royal International Insurance Holdings Limited United Kingdom 111478
Company Roysun Limited United Kingdom 233654
Company RSA Accident Repairs Limited United Kingdom 734314
Company RSA Actuarial Services Limited United Kingdom 6413672
Company RSA Claims Management Limited United Kingdom 3870210
Company RSA CRS (US) Limited United Kingdom 3715939
Company RSA Direct Limited United Kingdom 6436662
Company RSA E-Holdings Limited United Kingdom 4003235
Company RSA Engineering Limited United Kingdom 1680400
Company RSA Finance United Kingdom 6863305
Company RSA Finance (Isle of Man) Limited United Kingdom 6878431
Company RSA Global Limited United Kingdom 6436477
Company RSA Insurance Group plc United Kingdom 2339826
Company RSA Overseas Holdings (UK) Limited United Kingdom 3339213
Company RSAI Limited United Kingdom 6418862
Company Sal Pension Fund Limited United Kingdom 1222910
Company Saturn Professional Risks Limited United Kingdom 3068229
Company Sun Alliance and London Insurance plc United Kingdom 638918
Company Sun Alliance Fund Management Limited United Kingdom 954465
Company Sun Alliance Insurance International Limited United Kingdom 163050
Company Sun Alliance Insurance Overseas Limited United Kingdom 87946
Company Sun Alliance Insurance UK Limited United Kingdom 150650
Company Sun Alliance Management Services Limited United Kingdom 167605
Company Sun Alliance Mortgage Company Limited United Kingdom 301921
Company Sun Insurance Office Limited United Kingdom 214387
Company Surfeal Limited United Kingdom 2249260
Company Swinchan Holdings Limited United Kingdom 1824102
Company The Globe Insurance Company Limited United Kingdom 2805658
Company The London Assurance United Kingdom ZC000054
Company The Marine Insurance Company Limited United Kingdom 14809
Company The Northern Maritime Insurance Company Limited United Kingdom 599
Company The Sea Insurance Company Limited United Kingdom 10150
Company The Union Marine and General Insurance Company
Limited United Kingdom 182
Company The Westminster Fire Office Limited United Kingdom 3803834
Company VineWorld Limited United Kingdom 3851810
Company Westgate Properties Limited United Kingdom 224677
Branch RSA Overseas Holdings B.V. United Kingdom

LLOYDS BANKING GROUP Dec 09

A.C.L. LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 744977
ABOVE BAR (SOUTHAMPTON) LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC145711
ACL AUTOLEASE HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3674114
ACL AUTOLEASE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2426089
ACRUX MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008306
ADARA MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008305
ADVANCE DEEP SEA INSTALLER LIMITED
PARTNERSHIP
SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1119
AIC SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2610528
AIRBLES CONSTRUCTION (NO.1) LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC240217
AIRPORT INDUSTRIAL GP LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4067883
AIRPORT INDUSTRIAL LP 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom England LP007299
AIRPORT INDUSTRIAL NOMINEES B LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4334824
AIRPORT INDUSTRIAL NOMINEES C LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4362298
AIRPORT INDUSTRIAL NOMINEES D LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4362531
AIRPORT INDUSTRIAL NOMINEES LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4112866
ALAM PERMAI MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP010478
ALAM PERSONA LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP010562
ALAM PINTAR MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP010561
ALEX LAWRIE FACTORS LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 1003815
ALEX. LAWRIE RECEIVABLES FINANCING LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 987840
ALKAID LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008307
ALNATH MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008309
ALTAIR MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008308
ALUPACK HOLDINGS LIMITED C/O COPPICE ALUPACK LIMITED, ISFRYN INDUSTRIAL ESTATE, BLACKMILL, BRIDGEND, MID GLAMORGAN,
CF35 6EQ
England 4316677
ALUSRU LIMITED (IN VOLUNTARY LIQUIDATION) BANK OF SCOTLAND (IRELAND) LIMITED, BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN,
DUBLIN 2, IRELAND
Ireland 127485
AMAZONEBORG LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010809
AMBASSADOR INSURANCE COMPANY LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2123239
AMBERDATE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2574129
AMC (FARM FINANCE) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1042452
AMC BANK LIMITED CHARLTON PLACE, CHARLTON ROAD, ANDOVER, HAMPSHIRE, SP10 1RE England 1039896
AMC HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1039897
AMSTELBORG LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010812
AN VEHICLE FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2165062
ANGLO SCOTTISH UTILITIES PARTNERSHIP 1 25 GRESHAM STREET, LONDON, EC2V 7HN United Kingdom
ANTARES MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008304
AQUILUS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 6314051
ARNEBORG LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010810
ARNOLD HOUSE LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4482543
ASCENT INVESTMENTS LIMITED HITEK POWER BUILDING, HAWTHORN ROAD, LITTLEHAMPTON, WEST SUSSEX, BN17 7LT England 4000638
ATHENA MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008278
AUTOCOVER LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 712136
AUTOLEASE DIRECT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3548483
AUTOLEASE FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3388944
AUTOLEASE FLEETS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 632485
AUTOLEASE HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 767474
AUTOMOBILE ASSOCIATION PERSONAL FINANCE
LIMITED
TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, UNITED KINGDOM England and Wales 1772586
AZEDCREST LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1589656
B. C. H. LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2682737
B. C. H. RENTALS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2586760
B. R. COTTRELL (WEMBLEY) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 916927
BALTICBORG LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP009445
BANCO HALIFAX HISPANIA S.A. C/ANABEL SEGURA, 16, EDIFICIAO VEGA NORTE 2, PLANTA 3, 28108 ALCOBENDAS, MADRID, SPAIN Spain 92153329
BANK OF SCOTLAND (B.G.S.) NOMINEES LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC096211
BANK OF SCOTLAND (IRELAND) COMMERCIAL
FINANCE LIMITED
BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 288297
BANK OF SCOTLAND (IRELAND) LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 8545
BANK OF SCOTLAND BRANCH NOMINEES
LIMITED
THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC190386
BANK OF SCOTLAND CAPITAL FUNDING (JERSEY)
LIMITED
22 GRENVILLE STREET, ST HELIER, JE4 8PX, JERSEY Jersey 76479
BANK OF SCOTLAND CENTRAL NOMINEES
LIMITED
THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC011371
BANK OF SCOTLAND EQUIPMENT FINANCE
LIMITED
CAPITAL HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 1335072
BANK OF SCOTLAND INDEPENDENT FINANCIAL
ADVISERS LIMITED
THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC 121126
BANK OF SCOTLAND INSURANCE SERVICES
LIMITED
THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC065605
BANK OF SCOTLAND INTERNATIONAL LIMITED HALIFAX HOUSE, 31/33 NEW STREET, ST HELIER, JE4 8YW, JERSEY Jersey 84643
BANK OF SCOTLAND LEASING LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2258316
BANK OF SCOTLAND PLC THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC327000
BANK OF SCOTLAND TRANSPORT FINANCE 1
LIMITED
CHARTERHALL HOUSE, CITY ROAD, CHESTER, CH88 3AN, UNITED KINGDOM United Kingdom 5493448
BANK OF WALES LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND Wales 1002110
BAVARIAN MORTGAGES NO.2 LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England and Wales 2586615
BAX’ FINANCE B.V. STATEN BOLWERK 1, 2011 MK HAARLEM, Netherlands Netherlands 33.160.572
BEDFONT LAKES BUSINESS PARK (GP1) LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4191386
BEDFONT LAKES BUSINESS PARK (GP2) LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4191387
BEDFONT LAKES BUSINESS PARK (NO1) LP 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom England LP007563
BEDFONT LAKES BUSINESS PARK (NO2) LP 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom England LP007562
BEGONIA BULK LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010397
BERISFORD CONSUMER FINANCE (WESTERN)
LIMITED
CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2188716
BIRCHCROWN FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1583334
BISHOP’S QUAY PROPERTY LIMITED 15 HENRY STREET, LIMERICK, IRELAND Ireland 425675
BLACK HORSE (TRF) LIMITED ST WILLIAM HOUSE, TRESILLIAN TERRACE, CARDIFF, CF10 5BH, United Kingdom England 3845557
BLACK HORSE CARAVAN FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2421335
BLACK HORSE COMMERCIAL LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1690780
BLACK HORSE CREDIT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2421331
BLACK HORSE EXECUTIVE MORTGAGES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2104258
BLACK HORSE FINANCE HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3853896
BLACK HORSE FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2123008
BLACK HORSE FINANCE MANAGEMENT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3961947
BLACK HORSE FUNDING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2104259
BLACK HORSE GROUP LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2498806
BLACK HORSE HOME LOANS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1945802
BLACK HORSE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 661204
BLACK HORSE MOTOR FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1308018
BLACK HORSE MOTORCYCLE FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 320769
BLACK HORSE OFFSHORE LIMITED P O BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 13955
BLACK HORSE PERSONAL FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 704780
BLACK HORSE PROPERTY SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1784209
BLACK HORSE RETAIL FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 615805
BLACK HORSE VEHICLE MANAGEMENT
SERVICES LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 3080154
BLBP 1 LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4191388
BLBP 2 LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4191389
BLBP 3 LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4191390
BLBP 4 LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4191391
BOLLINWATER ESTATES LLP 1 MARSDEN STREET, MANCHESTER, M2 1HW United Kingdom OC324472
BOLTRO NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3718756
BORDER INVESTMENTS LIMITED WALKERS SPV LIMITED, WALKER HOUSE, PO BOX 908GT, MARY STREET, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands 176961
BOS (BOSTON) INC C/O CORPORATION TRUST CENTRE, 1209 ORANGE STREET, WILMINGTON DE DE 19801, UNITED STATES United States 2531873
BOS (IRELAND) EUROFINANCE LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 31419
BOS (IRELAND) FINANCE LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 245485
BOS (IRELAND) FINANCIAL ENTERPRISES
LIMITED
BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 16551
BOS (IRELAND) FINANCIAL SERVICES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 65808
BOS (IRELAND) FUNDING PLC BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 18686
BOS (IRELAND) INTERNATIONAL FINANCE
LIMITED
BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 221285
BOS (IRELAND) INVESTMENTS BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 361671
BOS (IRELAND) LEASING LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 45630
BOS (IRELAND) NOMINEES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 158785
BOS (IRELAND) PROPERTY SERVICES 2 LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 404551
BOS (IRELAND) PROPERTY SERVICES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 255779
BOS (IRELAND) SOFTWARE DEVELOPMENT
SERVICES LIMITED
BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 340310
BOS (IRELAND) WEALTH MANAGEMENT LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 255734
BOS (RFL) HOLDING CORPORATION C/O CORPORATION TRUST CENTRE, 1209 ORANGE STREET, WILMINGTON DE DE 19801, UNITED STATES United States 3684430
BOS (SHARED APPRECIATION MORTGAGES
(SCOTLAND) NO. 2) LIMITED
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3331868
BOS (SHARED APPRECIATION MORTGAGES
(SCOTLAND) NO. 3) LIMITED
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3436151
BOS (SHARED APPRECIATION MORTGAGES
(SCOTLAND)) LIMITED
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3281120
BOS (SHARED APPRECIATION MORTGAGES) NO
1 PLC
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3110
BOS (SHARED APPRECIATION MORTGAGES) NO.
2 PLC
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3149607
BOS (SHARED APPRECIATION MORTGAGES) NO.
3 PLC
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3331871
BOS (SHARED APPRECIATION MORTGAGES) NO.
4 PLC
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3331873
BOS (SHARED APPRECIATION MORTGAGES) NO.
6 PLC
PREMIER HOUSE, CITY ROAD, CHESTER, CH88 3AN, ENGLAND England 3457742
BOS (USA) AL INC. THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON
NEW CASTLE DE 19801, UNITED STATES
United States 4071599
BOS (USA) FUND INVESTMENTS INC. THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON
NEW CASTLE DE 19801, UNITED STATES
United States 4071592
BOS (USA) INC THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON
NEW CASTLE DE 19801, UNITED STATES
United States 4071597
BOS (USA) RFL INC. THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER, 1209 ORANGE STREET, WILMINGTON
NEW CASTLE DE 19801, UNITED STATES
United States 4071595
BOS 2008 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 6650181
BOS MISTRAL LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 6560224
BOSIC INC 199 BAY STREET, 5300 COMMERCE COURT, TORONTO ON M5L IB9, CANADA Canada 671441-2
BOSINT INVESTMENTS LIMITED HALIFAX HOUSE, 31/33 NEW STREET, ST HELIER, JE4 8YW, JERSEY Jersey 48321
BOTHNIABORG LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP009446
BOUNDARY BUSINESS CENTRE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2906101
BOWMAKER CREDIT LIMITED (IN LIQUIDATION) 25 GRESHAM STREET, LONDON, EC2V 7HN England 1400500
BOWMAKER LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 600784
BRIDGEND INVESTMENTS LIMITED WALKERS SPV LIMITED, WALKER HOUSE, PO BOX 908GT, MARY STREET, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands 171522
BRITANNIA PERSONAL LENDING LIMITED TRINITY ROAD, HALIFAX, HX1 2RG England 3416733
BRITISH BANK OF LATIN AMERICA LIMITED c/o GRAHAMCO, GRAHAM THOMPSON & CO., PO BOX N-272, SASSOON HOUSE, SHIRLEY STREET &
VICTORIA AVENUE, NASSAU, BAHAMAS
Bahamas 27486
BRITISH LINEN CHARTER PLC LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC114253
BRITISH LINEN EQUITY LIMITED ERNST & YOUNG LLP, 10 GEORGE STREET, EDINBURGH, EH2 2DZ, United Kingdom Scotland SC172198
BRITISH LINEN LEASING (LONDON) LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC097232
BRITISH LINEN LEASING LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC049669
BRITISH LINEN SECURITIES LIMITED Ernst & Young LLP, 10 George Street, Edinburgh, EH2 2DZ, United Kingdom Scotland SC064644
BRITISH LINEN SHIPPING LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC066775
BROOKLYN PROPERTIES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 272920
BUCHAN MARITIME LIMITED PARTNERSHIP DOF (UK) LIMITED, VOYAGER HOUSE, 75 WATERLOO QUAY, ABERDEEN, ABERDEENSHIRE, AB11 5DE,
SCOTLAND
United Kingdom LP008117
C & G CHANNEL ISLANDS LIMITED 1 SMITH STREET, ST. PETER PORT, CHANNEL ISLANDS, Guernsey Guernsey 22491
C & G FINANCIAL SERVICES LIMITED BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 2320025
C & G HOMES LIMITED BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 2256358
C&G ESTATE AGENTS LIMITED BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 2147871
C&G PROPERTY HOLDINGS LIMITED BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 2315746
C. WINTHER & CO., LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 365265
C.T.S.B. LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1237716
CALEDONIAN EQUIPMENT RENTALS LIMITED (IN
LIQUIDATION)
FINANCE HOUSE, ORCHARD BRAE, EDINBURGH, EH4 1PF Scotland SC34341
CANMORE INVESTMENTS LIMITED WALKERS SPV LIMITED, WALKER HOUSE, PO BOX 908GT, MARY STREET, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands 157566
CAPITAL 1945 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 392902
CAPITAL BANK ASSET FINANCE (2) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 660559
CAPITAL BANK ASSET FINANCE LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC007039
CAPITAL BANK CASHFLOW FINANCE LIMITED CAPITAL HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 1243683
CAPITAL BANK INSURANCE SERVICES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England 2014522
CAPITAL BANK LEASING 1 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 564784
CAPITAL BANK LEASING 10 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 559174
CAPITAL BANK LEASING 11 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 1816370
CAPITAL BANK LEASING 12 LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC028042
CAPITAL BANK LEASING 2 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 1826100
CAPITAL BANK LEASING 3 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 836962
CAPITAL BANK LEASING 4 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 561830
CAPITAL BANK LEASING 5 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 626561
CAPITAL BANK LEASING 6 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 1613516
CAPITAL BANK LEASING 7 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 541986
CAPITAL BANK LEASING 8 LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC049155
CAPITAL BANK LEASING 9 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 1765983
CAPITAL BANK PROPERTY INVESTMENTS (3)
LIMITED
CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2271271
CAPITAL BANK PROPERTY INVESTMENTS (6)
LIMITED
CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2599292
CAPITAL BANK VEHICLE MANAGEMENT LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2887187
CAPITAL COMMERCIAL FINANCE LIMITED LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 069305586
CAPITAL CONSUMER FINANCE LTD LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 069457423
CAPITAL CORPORATE FINANCE LIMITED LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 002 888 048
CAPITAL FINANCE AUSTRALIA LIMITED LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 069663136
CAPITAL FINANCE COMPANY LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England 1955536
CAPITAL FINANCE DIRECT LIMITED LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 069 060 215
CAPITAL FINANCE NEW ZEALAND LIMITED KPMG, 9 PRINCESS STREET, AUCKLAND, NEW ZEALAND New Zealand AK / 692933
CAPITAL FINANCE SUPERANNUATION PTY
LIMITED
LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 066 814 239
CAPITAL FLEETLEASE LIMITED LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 069305666
CAPITAL LEASING (EDINBURGH) LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC077293
CAPITAL LEASING LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC065637
CAPITAL PERSONAL FINANCE LIMITED TRINITY ROAD, HALIFAX, HX1 2RG England 3627698
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CAR OWNERSHIP FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3985681
CARDIFF AUTOMOBILE RECEIVABLES
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CARDIFF AUTOMOBILE RECEIVABLES
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25 GRESHAM STREET, LONDON, EC2V 7HN England 2819747
CARDIFF AUTOMOBILE RECEIVABLES
SECURITISATION (UK) NO.4 LIMITED
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CARLEASE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 461898
CARS TRUSTEE (UK) NO.4 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3601318
CARSELECT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3985813
CASHFRIDAY LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 2557171
CASHPOINT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 488127
CASTLE BAYNARD FUNDING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5060828
CASTLEMILL INVESTMENTS LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 5463834
CAVEMINSTER LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2569981
CEDAR HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 606795
CENTRAL COLLECTIONS LIMITED C/O DWF LLP 5 ST PAULS SQUARE, OLD HALL STREET, LIVERPOOL, MERSEYSIDE, L3 9AE England 2862282
CENTRAL CROWN INVESTMENTS LIMITED 26TH FLOOR, OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 798921
CENTRAL MORTGAGE FINANCE LIMITED BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 2369769
CENTRE FOR LIFE SCIENCE LLC CORPORATION SERVICE COMPANY 2711, CENTREVILLE ROAD, SUITE 400, WILMINGTON 19808, United
States
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CF ASSET FINANCE LIMITED CAPITAL HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 3773491
CHAMBERS & REMINGTON NOMINEES LIMITED 48 CHISWELL STREET, LONDON, EC1Y 4XX England 2299415
CHANCERY FACTORS LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 2912246
CHARTERCARD LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 422221
CHARTERCREDIT LIMITED (IN LIQUIDATION) 25 GRESHAM STREET, LONDON, EC2V 7HN England 686203
CHARTERED FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 414091
CHARTERED LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 704002
CHARTERED TRUST (NOMINEES) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 763957
CHARTERED TRUST GROUP LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1135617
CHARTERED TRUST LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2426270
CHARTERED TRUST MARINE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 803979
CHARTERHALL MARKETING LIMITED TRINITY ROAD, HALIFAX, HX1 2RG England 3211030
CHASE COURT (CI) LIMITED WALKERS SPV LIMITED, WALKER HOUSE, 87 MARY STREET, GEORGE TOWN, GRAND CAYMAN, KY1-9002,
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Cayman Islands 176494
CHELTENHAM & GLOUCESTER plc BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 2299428
CHEMICAL TANKER SHIPPING LIMITED
PARTNERSHIP
7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP008300
CHESHIRE EUROPE LIMITED 7 BOND STREET, ST. HELIER, JE4 8PH, JERSEY Jersey B 008668 (BRANCH NO)
CHESHIRE FUNDING LLC United States 3421058
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CLERICAL MEDICAL (DARTFORD NUMBER 2)
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33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4250744
CLERICAL MEDICAL (DARTFORD NUMBER 3)
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4250740
CLERICAL MEDICAL (DARTFORD NUMBER 4)
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 4481308
CLERICAL MEDICAL (HAYMARKET TOWERS)
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4286582
CLERICAL MEDICAL (HAYMARKET TOWERS) ONE
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 4481339
CLERICAL MEDICAL (INDUSTRIAL) GP LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4314660
CLERICAL MEDICAL (PRINCES QUAY, HULL)
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4085750
CLERICAL MEDICAL (RETAIL) GP LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4314683
CLERICAL MEDICAL (THEALE) LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 4481242
CLERICAL MEDICAL (THEALE) NOMINEES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4416836
CLERICAL MEDICAL (WATERLOOVILLE FIVE)
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33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4305361
CLERICAL MEDICAL (WATERLOOVILLE FOUR)
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CLERICAL MEDICAL (WATERLOOVILLE THREE)
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4305557
CLERICAL MEDICAL CLEVEDON LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2685396
CLERICAL MEDICAL FINANCIAL SERVICES
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2114901
CLERICAL MEDICAL FORESTRY LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2135920
CLERICAL MEDICAL INTERNATIONAL HOLDINGS
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RANDWYCKSINGEL 35, 6229 EG MAASTRICHT, NETHERLANDS Netherlands 14067808
CLERICAL MEDICAL INVESTMENT GROUP
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3196171
CLERICAL MEDICAL LONDON LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2685394
CLERICAL MEDICAL LONDON ONE LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 4481337
CLERICAL MEDICAL MANAGED FUNDS LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 1580284
CLERICAL MEDICAL NARROW PLAIN LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2685399
CLERICAL MEDICAL PEP MANAGERS LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 2533177
CLERICAL MEDICAL PROPERTIES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2352665
CLERICAL MEDICAL SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4187813
CLIPPER SHIPPING LIMITED PARTNERSHIP 3RD FLOOR, SALVESEN TOWER, BLAIKIES QUAY, ABERDEEN, AB11 5PW United Kingdom LP007668
CLOAK LANE FINANCE (CAYMAN) LIMITED PO BOX 309GT, UGLAND HOUSE, SOUTH CHURCH STREET, GEORGE TOWN, GRAND CAYMAN, CAYMAN
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CM VENTURE INVESTMENTS LIMITED CLERICAL MEDICAL HOUSE, VICTORIA ROAD, DOUGLAS, ISLE OF MAN, IM99 1LT, BRITISH ISLES Isle of Man 40232
CMI ASSET MANAGEMENT (LUXEMBOURG) S.A. 23 ROUTE D’ARLON, B.P. 71, STRASSEN, L-8009, LUXEMBOURG Luxembourg B29384
CMI FINANCIAL MANAGEMENT SERVICES LIMITED CLERICAL MEDICAL HOUSE, VICTORIA ROAD, DOUGLAS, ISLE OF MAN, IM99 1LT, BRITISH ISLES Isle of Man 33521
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CMI FUND MANAGERS (IOM) LIMITED CLERICAL MEDICAL HOUSE, VICTORIA ROAD, DOUGLAS, ISLE OF MAN, IM99 1LT, BRITISH ISLES Isle of Man 40572
CMI INSURANCE (LUXEMBOURG) S.A. 23 ROUTE D’ARLON, B.P. 71, STRASSEN, L-8009, LUXEMBOURG Luxembourg B67803
CMI INSURANCE COMPANY LIMITED CLERICAL MEDICAL HOUSE, VICTORIA ROAD, DOUGLAS, ISLE OF MAN, IM99 1LT, BRITISH ISLES Isle of Man 33520
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CMI TRUST COMPANY (IOM) LIMITED CLERICAL MEDICAL HOUSE, VICTORIA ROAD, DOUGLAS, ISLE OF MAN, IM99 1LT, BRITISH ISLES Isle of Man 42766
COATE HOMES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 750739
COLEMAN STAFFORDSHIRE FUNDING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4573541
COLEMAN STAFFORDSHIRE INVESTMENTS
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4573573
COLEMAN STAFFORDSHIRE OFFSHORE FUNDING
NO.1 LIMITED
WALKER HOUSE, PO BOX 908 GT, MARY STREET, GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS Cayman Islands FC026020
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CONQUEST SECURITIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1580616
CONTEST LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1146
CORPORATE AUDIT SERVICES LIMITED 5 GROSVENOR COURT, FOREGATE STREET, CHESTER, CHESHIRE, CH1 1HG, ENGLAND England 3467236
COSBRIGHT LIMITED PARTNERSHIP COSCO HOUSE, VICARAGE DRIVE, BARKING, ESSEX, IG11 7NA United Kingdom LP007319
COSFORCE LIMITED PARTNERSHIP COSCO HOUSE, VICARAGE DRIVE, BARKING, ESSEX, IG11 7NA United Kingdom LP007317
COSWIN LIMITED PARTNERSHIP COSCO HOUSE, VICARAGE DRIVE, BARKING, ESSEX, IG11 7NA United Kingdom LP007318
COX & CO. 25 GRESHAM STREET, LONDON, EC2V 7HN England 709704
COX & CO. 25 GRESHAM STREET, LONDON, EC2V 7HN England 709704
COX’S & KING’S FINANCIAL SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 210607
CREATE SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4502461
CTL LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 645093
CUSTOM HOUSE INSURANCES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 164138
CUTTER SHIPPING LIMITED PARTNERSHIP 3RD FLOOR, SALVESEN TOWER, BLAIKIES QUAY, ABERDEEN, AB11 5PW United Kingdom LP007657
DALKEITH CORPORATION LLC Corporation Service Company, 1013 Centre Road, Wilmington New Castle 19805, United States United States 52-1476981
DALROAD 1 plc 25 GRESHAM STREET, LONDON, EC2V 7HN England 1789333
DEALER EMPLOYEE CAR SCHEME LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 830682
DENHAM FUNDING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5134405
DERBY LODGE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 594004
DEVA LEASE 2 LIMITED CHARTERHALL HOUSE, CITY ROAD, CHESTER, CH88 3AN, UNITED KINGDOM United Kingdom 5493457
DEVA LEASE 3 LIMITED CHARTERHALL HOUSE, CITY ROAD, CHESTER, CH88 3AN, UNITED KINGDOM United Kingdom 5493460
DEVA LEASE 4 LIMITED CHARTERHALL HOUSE, CITY ROAD, CHESTER, CH88 3AN, UNITED KINGDOM United Kingdom 5493463
DEVA LEASE 5 LIMITED CHARTERHALL HOUSE, CITY ROAD, CHESTER, CH88 3AN, UNITED KINGDOM United Kingdom 5493468
DEVA LEASE 6 LIMITED CHARTERHALL HOUSE, CITY ROAD, CHESTER, CH88 3AN, UNITED KINGDOM United Kingdom 5493471
DOF (NO.1) VOF ONE ST. PAUL’S CHURCHYARD, EC4M 8SH, LONDON Netherlands N/A
DOF (NO.2) VOF ONE ST. PAUL’S CHURCHYARD, EC4M 8SH, LONDON Netherlands N/A
DOF (NO.3) VOF ONE ST. PAUL’S CHURCHYARD, EC4M 8SH, LONDON Netherlands N/A
DRUMSHEUGH PROPERTY COMPANY LIMITED FINANCE HOUSE, ORCHARD BRAE, EDINBURGH, EH4 1PF Scotland SC32804
DUNSTAN INVESTMENTS (UK) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5890451
DURBAN MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1132
E.H.L.B. RENTALS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1457519
EASTCHEAP FUNDING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4305023
EBPF HOLDINGS 1BV WEENA 340, 3012 NJ ROTTERDAM, THE NETHERLANDS Netherlands 24399252
EBPF HOLDINGS 2 BV WEENA 340, 3012 NJ ROTTERDAM, THE NETHERLANDS Netherlands 24402479
EBPF HOLDINGS 3BV WEENA 340, 3012 NJ ROTTERDAM, THE NETHERLANDS Netherlands BV 1496628
EBPF OBJEKTGESELLSCHAFT BRAUNSCHWEIG
GmbH
BAVARIARING 29, 80336 MUNICH, GERMANY Germany HRB 162 196
EBPF OBJEKTGESELLSCHAFT NEU-ISENBURGH
B-EINS GmbH
MAINZER LANDSTRABE, 47-60329, FRANKFURT/MAIN, GERMANY Germany HRB 82477
EBPF OBJEKTGESELLSCHAFT NEU-ISENBURGH
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MAINZER LANDSTRABE, 47-60329, FRANKFURT/MAIN, GERMANY Germany HRB 82476
EBPF OBJEKTGESELLSCHAFT NEU-ISENBURGH
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EBPF OBJEKTGESELLSCHAFT TSMJE GmbH BAVARIARING 29, 80336 MUNICH, GERMANY Germany HRB 164785
EIFFEL LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008244
ENDEAVOUR GROUP LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2104704
ENDEAVOUR MARINE SERVICES LIMITED (IN
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England 74289
ENGLISH ISLAND LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 152928
ENTELLUS LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 1611224
EQUITABLE INVESTMENT MANAGERS LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 2047551
EQUITABLE SERVICES AND CONSULTANCY
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 13101
EQUUS LIMITED (IN LIQUIDATION) c/o DELOITTE & TOUCHE, CHARTERED ACCOUTANTS, 2ND TERRACE WEST, CENTREVILLE, PO BOX N-7120,
NASSAU, BAHAMAS
Bahamas 1211 B
ERRADEN LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2747638
ETABLISSEMENT PRO FIDE AUELESTRASSE 74, F1-9490 VADUZ, LIECHTENSTEIN Liechtenstein FL-0001.005.983-3
EURL FRENCH INDUSTRIAL PREMISES HOLDING
CO
C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 424469765
EURL LISSES HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 432345189
EURL LYON CHASSIEU HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 433317013
EURL MITRY II HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 435317011
EURL ORLY HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 432261816
EURL ST THIBAULT HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 430305805
EURL ST WITZ HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 429961311
EURL SWNEWCO 11 HOLDING CO – ST MICHEL
SUR ORGE
C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 435369327
EURL SWNEWCO 12 HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 435369178
EURL SWNEWCO 13 HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 435386545
EURL SWNEWCO 14 HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 438193187
EURL SWNEWCO 15 HOLDING CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 438185365
EURO LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2731998
EUROLEAD SERVICES HOLDINGS LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 4050949
EVANSVILLE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1598402
EXCLUSIVE FINANCE NO. 1 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2220175
FAIRBURY HOLDINGS BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 132183
FARYNER’S HOUSE FUNDING LIMITED MAPLES & CALDER CORPORATE SERVICES LIMITED, UGLAND HOUSE, PO BOX 309, GT GEORGE TOWN,
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Cayman Islands FC026452
FAS LIMITED (IN MEMBERS’ VOLUNTARY
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69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC92688
FATMARINI MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 110
FIRST ALTERNATIVE HOLDINGS LIMITED THE OBSERVATORY, REIGATE, SURREY, RH2 0SG United Kingdom 4664077
FIRST ALTERNATIVE INSURANCE COMPANY
LIMITED
THE OBSERVATORY, REIGATE, SURREY, RH2 0SG United Kingdom 4664005
FIRST ALTERNATIVE INSURANCE SERVICES
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THE OBSERVATORY, REIGATE, SURREY, RH2 0SG United Kingdom 4663980
FIRST RETAIL FINANCE (CHESTER) LIMITED TRINITY ROAD, HALIFAX, HX1 2RG England 2964970
FIRST SERVICE MANAGEMENT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3186519
FLEET MANAGEMENT SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 530801
FLEXIFLY LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC052620
FONTVIEW LIMITED 20-22 BEDFORD ROW, LONDON, WC1R 4JS, United Kingdom England 4448709
FORAY 902 LIMITED CHARLOTTE ROAD, STIRCHLEY, BIRMINGHAM, B30 2BT England 3171271
FORTHRIGHT FINANCE LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 1043171
FORTROSE INVESTMENTS LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 5405452
FOULA MARITIME LIMITED PARTNERSHIP DOF (UK) LIMITED, VOYAGER HOUSE, 75 WATERLOO QUAY, ABERDEEN, ABERDEENSHIRE, AB11 5DE,
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FRABANDARI MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1108
FREEWAY LIMITED BRIDGE HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2956037
GABRIELLA INVESTMENTS LIMITED LEVEL 7 , BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3YB England and Wales 5897313
GALAXY SPV LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3853874
GANDER DRILLING LIMITED Cayman Islands 185849
GBSD PROPERTIES (No.1) LIMITED (IN MEMBERS’
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25 GRESHAM STREET, LONDON, EC2V 7HN England 2874543
GBSD PROPERTIES (NO.2) LIMITED (IN
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25 GRESHAM STREET, LONDON, EC2V 7HN England 2811100
GENERAL PARTNER ROLLS & ARNOLD LIMITED 40 QUEEN ANNE STREET, LONDON, W1G 9EL United Kingdom 4189047
GENERAL PRIVATE EQUITY LIMITED
PARTNERSHIP
EDINBURGH ONE, MORRISON STREET, EDINBURGH, EH3 8BE, United Kingdom Scotland SL004770
GLOSSTRIPS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC053015
GLYTHORNE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1596028
GODFREY DAVIS (CONTRACT HIRE) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 159020
GOLDBOND LIMITED 26TH FLOOR, OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 733738
GORING NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2442505
GOUDA LLC 222 DELAWARE AVENUE, 10TH FLOOR, WILMINGTON, COUNTY OF NEW CASTLE, DELAWARE, 19801 United States 2538559
GRESHAM NOMINEE 1 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4336802
GRESHAM NOMINEE 2 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4336799
H I Tricomm Holdings Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 5698399
H.S.I.S. SERVICES LIMITED (IN MEMBERS’
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England 726762
H.S.L. FACILITIES LIMITED (IN MEMBERS’
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25 GRESHAM STREET, LONDON, EC2V 7HN England 1218223
HALIFAX ASSURANCE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 323922
HALIFAX BROKERAGE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 411340
HALIFAX FINANCIAL SERVICES (HOLDINGS)
LIMITED
TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2357558
HALIFAX GENERAL INSURANCE SERVICES
LIMITED
TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2791889
HALIFAX GROUP LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England and Wales 3474881
HALIFAX INSURANCE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 323923
HALIFAX INVESTMENT SERVICES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2646511
HALIFAX JERSEY HOLDINGS LIMITED FIRST FLOOR, WELLINGTON HOUSE, 17 UNION STREET, ST HELIER, JERSEY, JE2 3RF Jersey 71245
HALIFAX LIFE (CANNON STREET) LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England and Wales 4414397
HALIFAX LIFE LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England 2233654
HALIFAX NOMINEES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2791465
HALIFAX REINSURANCE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 323924
HALIFAX SERVICIOS GESTIONES S.L. C/ANABEL SEGURA, 16, EDIFICIAO VEGA NORTE 2, PLANTA 3, 28108 ALCOBENDAS, MADRID, SPAIN Spain B-81819492
HALIFAX SHARE DEALING LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 3195646
HALIFAX VEHICLE LEASING (1998) LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England and Wales 3593505
HARPIN PROPERTIES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 240111
HARSANADI MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1109
HARTATI MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1110
HBOS CANADA INC 199 BAY STREET, 5300 COMMERCE COURT, TORONTO ON M5L IB9, CANADA Canada 679115-8
HBOS CAPITAL FUNDING (JERSEY) LIMITED 22 GRENVILLE STREET, ST HELIER, JE4 8PX, JERSEY Jersey 81358
HBOS COVERED BONDS LLP TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England and Wales OC304674
HBOS FINAL SALARY TRUST LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC361324
HBOS FINANCIAL SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3322151
HBOS GENERAL INSURANCE SERVICES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG United Kingdom 4953261
HBOS GI PLC 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3029439
HBOS INSURANCE & INVESTMENT GROUP
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3195584
HBOS INSURANCE (PCC) GUERNSEY LIMITED MAISON TRINITY, TRINITY SQUARE, ST PETER PORT, GY1 4AT, GUERNSEY Guernsey 39038
HBOS INSURANCE (PCC) GUERNSEY LIMITED MAISON TRINITY, TRINITY SQUARE, ST PETER PORT, GY1 4AT, GUERNSEY Guernsey 39038
HBOS INTERNATIONAL FINANCIAL SERVICES
HOLDINGS LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, United Kingdom England and Wales 2108698
HBOS INVESTMENT FUND MANAGERS LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England 941082
HBOS JPS LIMITED OGIER FIDUCIARY SERVICES, WHITELEY CHAMBERS, DON STREET, ST HELIER, JERSEY, JE4 9WG, CHANNEL
ISLANDS
Jersey 102144
HBOS MANAGEMENT (JERSEY) LIMITED 22 GRENVILLE STREET, ST HELIER, JE4 8PX, JERSEY Jersey 75730
HBOS PLC THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC218813
HBOS PLC EMPLOYEE TRUST LIMITED P.O BOX 87, 22 GRENVILLE STREET, ST. HELIER, JE4 8PX, JERSEY United Kingdom 73193
HBOS QUEST LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC209776
HBOS TREASURY SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, United Kingdom England 2692890
HBOS UK LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC261259
HEALTHCARE PRIVATE EQUITY LIMITED
PARTNERSHIP
EDINBURGH ONE, MORRISON STREET, EDINBURGH, EH3 8BE, United Kingdom Scotland SL004769
HECM CUSTOMER SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2609486
HEIDELBERGER LEBEN AG POSTFACH 103969, 69029 HEIDELBERG, FORUM 7, 69126 HEIDELBERG, GERMANY Germany 334289
HEIDI FINANCE HOLDINGS (UK) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1212279
HIGH STREET MARKETING SERVICES S.A. TRONADOR 4890, 9TH FLOOR – 1430, BUENOS AIRES, Argentina Argentina 1532400
HIGHWAY CONTRACT HIRE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1523965
HIGHWAY VEHICLE LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1697114
HIGHWAY VEHICLE MANAGEMENT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3113876
HILL HIRE PLC CAPITAL HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2506613
HILL SAMUEL (USA), INC. C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 13-3112153
HILL SAMUEL BANK LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 343544
HILL SAMUEL EXTRAONE PROPERTY
INVESTMENTS COMPANY LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2751821
HILL SAMUEL FINANCE (No 10) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1606883
HILL SAMUEL FINANCE (No 12) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1687747
HILL SAMUEL FINANCE (No 21) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1076664
HILL SAMUEL FINANCE (No 3) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1132262
HILL SAMUEL FINANCE (No.11) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
England 1634338
HILL SAMUEL FINANCE (No.16) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1710240
GRESHAM NOMINEE 2 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4336799
H I Tricomm Holdings Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 5698399
H.S.I.S. SERVICES LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
England 726762
H.S.L. FACILITIES LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1218223
HALIFAX ASSURANCE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 323922
HALIFAX BROKERAGE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 411340
HALIFAX FINANCIAL SERVICES (HOLDINGS)
LIMITED
TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2357558
HALIFAX GENERAL INSURANCE SERVICES
LIMITED
TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2791889
HALIFAX GROUP LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England and Wales 3474881
HALIFAX INSURANCE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 323923
HALIFAX INVESTMENT SERVICES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2646511
HALIFAX JERSEY HOLDINGS LIMITED FIRST FLOOR, WELLINGTON HOUSE, 17 UNION STREET, ST HELIER, JERSEY, JE2 3RF Jersey 71245
HALIFAX LIFE (CANNON STREET) LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England and Wales 4414397
HALIFAX LIFE LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England 2233654
HALIFAX NOMINEES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 2791465
HALIFAX REINSURANCE IRELAND LIMITED DROMORE HOUSE, EAST PARK, SHANNON, COUNTY CLARE, IRELAND Ireland 323924
HALIFAX SERVICIOS GESTIONES S.L. C/ANABEL SEGURA, 16, EDIFICIAO VEGA NORTE 2, PLANTA 3, 28108 ALCOBENDAS, MADRID, SPAIN Spain B-81819492
HALIFAX SHARE DEALING LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England 3195646
HALIFAX VEHICLE LEASING (1998) LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England and Wales 3593505
HARPIN PROPERTIES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 240111
HARSANADI MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1109
HARTATI MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1110
HBOS CANADA INC 199 BAY STREET, 5300 COMMERCE COURT, TORONTO ON M5L IB9, CANADA Canada 679115-8
HBOS CAPITAL FUNDING (JERSEY) LIMITED 22 GRENVILLE STREET, ST HELIER, JE4 8PX, JERSEY Jersey 81358
HBOS COVERED BONDS LLP TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England and Wales OC304674
HBOS FINAL SALARY TRUST LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC361324
HBOS FINANCIAL SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3322151
HBOS GENERAL INSURANCE SERVICES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG United Kingdom 4953261
HBOS GI PLC 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3029439
HBOS INSURANCE & INVESTMENT GROUP
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3195584
HBOS INSURANCE (PCC) GUERNSEY LIMITED MAISON TRINITY, TRINITY SQUARE, ST PETER PORT, GY1 4AT, GUERNSEY Guernsey 39038
HBOS INSURANCE (PCC) GUERNSEY LIMITED MAISON TRINITY, TRINITY SQUARE, ST PETER PORT, GY1 4AT, GUERNSEY Guernsey 39038
HBOS INTERNATIONAL FINANCIAL SERVICES
HOLDINGS LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, United Kingdom England and Wales 2108698
HBOS INVESTMENT FUND MANAGERS LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG England 941082
HBOS JPS LIMITED OGIER FIDUCIARY SERVICES, WHITELEY CHAMBERS, DON STREET, ST HELIER, JERSEY, JE4 9WG, CHANNEL
ISLANDS
Jersey 102144
HBOS MANAGEMENT (JERSEY) LIMITED 22 GRENVILLE STREET, ST HELIER, JE4 8PX, JERSEY Jersey 75730
HBOS PLC THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC218813
HBOS PLC EMPLOYEE TRUST LIMITED P.O BOX 87, 22 GRENVILLE STREET, ST. HELIER, JE4 8PX, JERSEY United Kingdom 73193
HBOS QUEST LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC209776
HBOS TREASURY SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, United Kingdom England 2692890
HBOS UK LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC261259
HEALTHCARE PRIVATE EQUITY LIMITED
PARTNERSHIP
EDINBURGH ONE, MORRISON STREET, EDINBURGH, EH3 8BE, United Kingdom Scotland SL004769
HECM CUSTOMER SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2609486
HEIDELBERGER LEBEN AG POSTFACH 103969, 69029 HEIDELBERG, FORUM 7, 69126 HEIDELBERG, GERMANY Germany 334289
HEIDI FINANCE HOLDINGS (UK) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1212279
HIGH STREET MARKETING SERVICES S.A. TRONADOR 4890, 9TH FLOOR – 1430, BUENOS AIRES, Argentina Argentina 1532400
HIGHWAY CONTRACT HIRE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1523965
HIGHWAY VEHICLE LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1697114
HIGHWAY VEHICLE MANAGEMENT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3113876
HILL HIRE PLC CAPITAL HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2506613
HILL SAMUEL (USA), INC. C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 13-3112153
HILL SAMUEL BANK LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 343544
HILL SAMUEL EXTRAONE PROPERTY
INVESTMENTS COMPANY LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2751821
HILL SAMUEL FINANCE (No 10) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1606883
HILL SAMUEL FINANCE (No 12) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1687747
HILL SAMUEL FINANCE (No 21) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1076664
HILL SAMUEL FINANCE (No 3) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1132262
HILL SAMUEL FINANCE (No.11) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
England 1634338
HILL SAMUEL FINANCE (No.16) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1710240
HILL SAMUEL FINANCE (No.18) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1648520
HILL SAMUEL FINANCE (NO.20) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1962391
HILL SAMUEL FINANCE (NO.22) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2381015
HILL SAMUEL FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1580252
HILL SAMUEL INSURANCE & SHIPPING
HOLDINGS LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
England 950928
HILL SAMUEL INTERNATIONAL HOLDINGS
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 960864
HILL SAMUEL INTERNATIONAL LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1238892
HILL SAMUEL INVESTMENT SERVICES GROUP
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2020387
HILL SAMUEL INVESTMENT SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2137613
HILL SAMUEL INVESTMENTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1084304
HILL SAMUEL INVESTMENTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1084304
HILL SAMUEL INVESTMENTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1084304
HILL SAMUEL LEASING (NO.2) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2267453
HILL SAMUEL LEASING CO. LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 938603
HILL SAMUEL LIFE ASSURANCE LIMITED ( IN
MEMBERS’ VOLUNTARY LIQUIDATION)
England 961144
HILL SAMUEL NOMINEES ASIA PRIVATE LIMITED #18-01 MILLENIA TOWER, 1 TEMASEK AVENUE, SINGAPORE, 039192, Singapore Singapore 197401225M
HILL SAMUEL OVERSEAS HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1136075
HILL SAMUEL PERSONAL PORTFOLIO
MANAGERS LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
England 2450750
HILL SAMUEL PRIVATE CLIENT MANAGEMENT
LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
England 1835344
HILL SAMUEL PROFESSIONAL ADVISER
SERVICES LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 680976
HOME SHOPPING PERSONAL FINANCE LIMITED TRINITY ROAD, HALIFAX, HX1 2RG England and Wales 3416726
HORIZON (EDINBURGH) LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland 189843
HORIZON CAPITAL 2000 LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC144653
HORIZON CAPITAL LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC145063
HORIZON HOTEL INVESTMENTS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC283164
HORIZON PROPERTY COMPANY (SCARBOROUGH)
LIMITED
THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland 174620
HORIZON PROPERTY INVESTMENTS (SOUTH)
LIMITED
LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC155137
HORIZON PROPERTY INVESTMENTS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC155136
HORIZON RESIDENTIAL DEVELOPMENTS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC147997
HORIZON RESOURCES LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC141821
HORSHAM INVESTMENTS LIMITED UGLAND HOUSE, PO BOX 309GT, SOUTH CHURCH STREET, GEORGE TOWN, GRAND CAYMAN, Cayman
Islands
Cayman Islands MC-143518
HSLA RESIDUAL ASSETS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 667139
HUAL CAROLITA LIMITED PARTNERSHIP –
TREASURE
BLACK HORSE HOUSE, BENTALS, BASILDON, ESSEX, SS14 3BY United Kingdom LP005912
HUAL MARTITA LIMITED PARTNERSHIP 2ND FLOOR, BLACK HORSE HOUSE, BENTALLS, BASILDON, ESSEX, SS14 3BY United Kingdom LP006045
HVF LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 2238952
HYUNDAI CAR FINANCE LIMITED 116 COCKFOSTERS ROAD, BARNET, HERTFORDSHIRE, EN4 0DY, United Kingdom England 2160191
HYUNDAI CAR FINANCE LIMITED 116 COCKFOSTERS ROAD, BARNET, HERTFORDSHIRE, EN4 0DY, United Kingdom England 2160191
I M FINANCE LIMITED (IN LIQUIDATION) 25 GRESHAM STREET, LONDON, EC2V 7HN England 1149593
IAI HOLDINGS INC. C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 41-1627695
IAI INTERNATIONAL LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1601168
IAI VENTURES, INC. C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 41-1821818
IBOS FINANCE LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 400198
ICC BES MANAGERS LIMITED (IN VOLUNTARY
LIQUIDATION)
24-26 CITY QUAY, DUBLIN 2, IRELAND Ireland 185179
ICC CORPORATE FINANCE LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 28042
ICC ENTERPRISE PARTNERS LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 272308
ICC EQUITY PARTNERS LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 302565
ICC ESOP TRUSTEE LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 312109
ICC FINANCE LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 126392
ICC FINANCIAL CONSULTING LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 272919
ICC HOLDINGS BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 223271
ICC INTERNATIONAL FINANCE LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 132809
ICC SOFTWARE PARTNERS LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 231453
ICC VENTURE CAPITAL MANAGERS LIMITED (IN
VOLUNTARY LIQUIDATION)
24-26 CITY QUAY, DUBLIN 2, IRELAND Ireland 215315
ICC VENTURE PARTNERS LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 217464
IF COVERED BONDS LIMITED LIABILITY
PARTNERSHIP
TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, UNITED KINGDOM United Kingdom OC342508
IFM HOLDINGS LIMITED BIRCHIN COURT, 20 BIRCHIN LANE, LONDON, EC3V 9HB, ENGLAND England 2676354
IFS CONTRACT HIRE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 220282
IFS CONTRACT PURCHASE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2614327
IL FINANCE LIMITED BRIDGE HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2687346
IN STORE CREDIT LIMITED TRINITY ROAD, HALIFAX, HX1 2RG England 561902
INCHCAPE FINANCIAL SERVICES (AUSTRALIA)
LIMITED
LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 069 060 251
INCHCAPE FINANCIAL SERVICES LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 3138389
INCHCAPE WHOLESALE FINANCE AUSTRALIA
LIMITED
LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 069 498 737
INDICUS NORTH LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 5946630
Infrastructure Investors Defence Housing (Bristol)
Limited
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 4078882
INSIGHT FUND MANAGEMENT LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2023558
INSIGHT INVESTMENT B.V. WEENA 336, 30312 NJ, ROTTERDAM, THE NETHERLANDS Netherlands
INSIGHT INVESTMENT FUNDS MANAGEMENT
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 1835691
INSIGHT INVESTMENT MANAGEMENT (GLOBAL)
LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 827982
INSIGHT INVESTMENT MANAGEMENT
(INTERNATIONAL) LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 1197760
INSIGHT INVESTMENT MANAGEMENT
(MEDITERRANEAN) LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2216505
INSIGHT INVESTMENT MANAGEMENT
(NOMINEES) LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4459449
INSIGHT INVESTMENT MANAGEMENT (UK)
HOLDINGS LIMITED
33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 3154125
INSIGHT INVESTMENT MANAGEMENT LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 2111149
INSIGHT INVESTMENT SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4471826
INTERNATIONAL MOTORS FINANCE LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2956040
INVESTMENT ADVISERS, INC. CORPORATION TRUST CENTER, 129 ORANGE STREET, WILMINGTON DELAWARE 19801, UNITED STATES United States 41-1553733
Invista Castle Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 6174604
INVISTA EUROPEAN CELSIUS HOLDINGS SARL 25A Boulevard Royal, Luxembourg, Luxembourg, L-2449, Luxembourg Luxembourg B125413
INVISTA GLOBAL PROPERTY SECURITIES FUND
GENERAL PARTNER LIMITED
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 6590813
Invista Industrial (General Partner) Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 5961938
Invista Industrial (Nominee) Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 5963214
INVISTA PROPERTY MANAGEMENT LIMITED EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 4471825
Invista Real Estate International Fund General
Partner Limited
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 6475313
Invista Real Estate International Fund Investing
Partner Limited
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 6492051
INVISTA REAL ESTATE INVESTMENT
MANAGEMENT (CI) LIMITED
Guernsey 45640
INVISTA REAL ESTATE INVESTMENT
MANAGEMENT HOLDINGS PLC
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 5788425
INVISTA REAL ESTATE INVESTMENT
MANAGEMENT LIMITED
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 4459443
Invista Real Estate Opportunity Fund General
Partner Limited
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 6362720
Invista Real Estate Opportunity Fund Investing
Partner Limited
EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 6381133
Invista Real Estate Singapore PTE LTD Singapore 200910144W
Invista Residential Property Trust Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 6172983
IRONHART LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2751679
IWEB (UK) LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England and Wales 1385075
J & J COLLECTIONS LIMITED DAWSONS CORNER, 50 COTE LANE, LEEDS, WEST YORKSHIRE, LS28 5ED, ENGLAND England 2021640
KANAALSTRAAT FUNDING C.V. STATENBOLWERK 1, 2011 MK, HAARLEM, Netherlands Netherlands 34253425
KENDALL SQUARE LLC THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTRE, 1209 ORANGE STREET, WILMINGTON
DE19801, United States
United States 02-0519064
KINDFORD LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2603744
KINGSBARNS INVESTMENTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5977476
KINGSTAR LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1582256
KOTA GEMBIRA LIMITED PARTNERSHIP BANK HOUSE, 129 HIGH STREET, NEEDHAM MARKET, IPSWICH, SUFFOLK, IP6 8DH United Kingdom LP008311
KOTA GUNAWAN LIMITED PARTNERSHIP BANK HOUSE, 129 HIGH STREET, NEEDHAM MARKET, IPSWICH, SUFFOLK, IP6 8DH United Kingdom LP008578
KOTA HAKIM LIMITED PARTNERSHIP BANK HOUSE, 129 HIGH STREET, NEEDHAM MARKET, IPSWICH, SUFFOLK, IP6 8DH United Kingdom LP007476
KOTA HALUS LIMITED PARTNERSHIP BANK HOUSE, 129 HIGH STREET, NEEDHAM MARKET, IPSWICH, SUFFOLK, IP6 8DH United Kingdom LP007475
KOTA HAPAS LIMITED PARTNERSHIP BANK HOUSE, 129 HIGH STREET, NEEDHAM MARKET, IPSWICH, SUFFOLK, IP6 8DH United Kingdom LP007474
KOTA HARUM LIMITED PARTNERSHIP BANK HOUSE, 129 HIGH STREET, NEEDHAM MARKET, IPSWICH, SUFFOLK, IP6 8DH United Kingdom LP007477
KOTA JASA LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP006999
KOTA JATI LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP006757
KOTA JAYA LIMITED PARTNERSHIP 5 ALDERMANBURY SQUARE, LONDON, EC2V 7HR United Kingdom LP006870
KOTA JUTA LIMITED PARTNERSHIP 5 ALDERMANBURY SQUARE, LONDON, EC2V 7HR United Kingdom LP007051
KRIPTON PROPERTIES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 264399
L & S FINANCE LIMITED FINANCE HOUSE, ORCHARD BRAE, EDINBURGH, EH4 1PF Scotland SC29223
L. HAMMOND & CO. (HOLDINGS) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 138994
LANDS IMPROVEMENT HOLDINGS PLC 1 BUCKINGHAM PLACE, LONDON, SW1E 6HR, UNITED KINGDOM England and Wales 1257600
LANGBOURN HOLDINGS LIMITED SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 39837
LARMORAN PARTICIPATIONS INC. P.O. BOX 7284, PANAMA 5, PANAMA Panama 115721
LAZULITE SAS 23 RUE DU ROULE, 75001 PARIS, FRANCE France 433 346 905
LBG CAPITAL HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England and Wales 6395378
LBG CAPITAL NO. 2 PLC 25 GRESHAM STREET, LONDON, EC2V 7HN, UNITED KINGDOM England 7045669
LBG CAPITAL NO.1 PLC 25 GRESHAM STREET, LONDON, EC2V 7HN, UNITED KINGDOM England 7045658
LBI FINANZ ANSTALT C/O ALLGEMEINES TREUUNTERNEHMEN AG, AEULESTRASSE 5, PO BOX 83, FL-9490, VADUZ,
LIECHTENSTEIN
Liechtenstein H.333/25
LBI HOLDINGS (NETHERLANDS) B.V. STATEN BOLWERK 1, 2011 MK HAARLEM, Netherlands Netherlands 33.166.605
LBI LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 747346
LEX AUTOLEASE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1090741
LEX VEHICLE FINANCE 2 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 4753662
LEX VEHICLE FINANCE 3 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 4897544
LEX VEHICLE FINANCE LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 1992734
LEX VEHICLE LEASING (HOLDINGS) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2953299
LEX VEHICLE LEASING LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 2952868
LEX VEHICLE PARTNERS (1) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND United Kingdom 2954071
LEX VEHICLE PARTNERS (2) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND United Kingdom 2953302
LEX VEHICLE PARTNERS (3) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 2954958
LEX VEHICLE PARTNERS (4) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 1705869
LEX VEHICLE PARTNERS LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 2965906
LIME STREET (FUNDING) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4464395
LITTLE LONDON LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2411356
LLOYDESA OPERADOR DE BANCA-SEGUROS
VINCULADO (GRUPO LLOYDS TSB) SOCIEDAD
ANÓNIMA UNIPERSONAL
SERRANO 90, 28006, MADRID, Spain Spain RU 602043
LLOYDS (BVI) NOMINEES LIMITED PO BOX 71, CRAIGMUIR CHAMBERS, ROAD TOWN, TORTOIA, Virgin Islands, British Virgin Islands, British 16615
LLOYDS (NIMROD) LEASING INDUSTRIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1974805
LLOYDS (NIMROD) MACHINERY FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2355160
LLOYDS (NIMROD) SPECIALIST FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2353803
LLOYDS AMERICA SECURITIES CORPORATION C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 13-3276751
LLOYDS AND SCOTTISH TRUST LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 562610
LLOYDS ASSET LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2065463
LLOYDS BANK (BLSA) 25 GRESHAM STREET, LONDON, EC2V 7HN England 2854
LLOYDS BANK (BLSA) 25 GRESHAM STREET, LONDON, EC2V 7HN England 2854
LLOYDS BANK (BRANCHES) NOMINEES LIMITED 48 CHISWELL STREET, LONDON, EC1Y 4XX England 291568
LLOYDS BANK (COLONIAL & FOREIGN) NOMINEES
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 179491
LLOYDS BANK (I.D.) NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 433171
LLOYDS BANK (PEP NOMINEES) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2051474
LLOYDS BANK (PICCADILLY) NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 295198
LLOYDS BANK (STOCK EXCHANGE BRANCH)
NOMINEES LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 209629
LLOYDS BANK FACTORS LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 1719972
LLOYDS BANK FINANCIAL SERVICES (HOLDINGS)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 1397437
LLOYDS BANK GROUP LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2254080
LLOYDS BANK INTERNATIONAL LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 994963
LLOYDS BANK LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3695891
LLOYDS BANK NOMINEES LIMITED 48 CHISWELL STREET, LONDON, EC1Y 4XX England 981600
LLOYDS BANK PROPERTY COMPANY LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 747129
LLOYDS BANK S.F. NOMINEES LIMITED 48 CHISWELL STREET, LONDON, EC1Y 4XX England 312901
LLOYDS BANK STOCKBROKERS (NOMINEES)
LIMITED
48 CHISWELL STREET, LONDON, EC1Y 4XX England 1080819
LLOYDS BANK STOCKBROKERS CLIENT
NOMINEES LIMITED
48 CHISWELL STREET, LONDON, EC1Y 4XX England 2521272
LLOYDS BANK SUBSIDIARIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 117008
LLOYDS BANK TRUST COMPANY
(INTERNATIONAL) LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 753201
LLOYDS BANK TRUSTEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 209324
LLOYDS BANK UNIT TRUST MANAGERS LIMITED
(IN MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 883670
LLOYDS BANK WARDOUR STREET (JERSEY)
LIMITED
PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 76371
LLOYDS BANKING GROUP plc HENRY DUNCAN HOUSE, 120 GEORGE STREET, EDINBURGH, MIDLOTHIAN, EH2 4LH Scotland 95000
LLOYDS BANKING GROUP plc HENRY DUNCAN HOUSE, 120 GEORGE STREET, EDINBURGH, MIDLOTHIAN, EH2 4LH Scotland 95000
LLOYDS BOWMAKER LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 257038
LLOYDS BOWMAKER LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 216589
LLOYDS COMMERCIAL LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1367545
LLOYDS COMMERCIAL PROPERTIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2013563
LLOYDS COMMERCIAL PROPERTY
DEVELOPMENTS LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 179085
LLOYDS COMMERCIAL PROPERTY INVESTMENTS
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2045985
LLOYDS FAR EAST (BVI) LIMITED PO BOX 659, ROAD TOWN, TORTOLA, Virgin Islands, British Hong Kong 37903
LLOYDS FINANCIAL LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1888040
LLOYDS FINANCIAL SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2023803
LLOYDS FOMENTO COMERCIAL LTDA AV. JURUBAUA 73, 7TH FLOOR , SAO PAULO, BRAZIL Brazil 43.451.533/0001-00
LLOYDS GENERAL LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2520898
LLOYDS INDUSTRIAL LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1387402
LLOYDS INVESTMENT BONDS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2468722
LLOYDS INVESTMENT ESPANA, SOC. GESTORA
DE INST. DE INV. COLECTIVA, SA
SERRANO 90, 28006, MADRID, Spain Spain RU 602044
LLOYDS INVESTMENT SECURITIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2331213
LLOYDS INVESTMENT SECURITIES NO.5 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2930810
LLOYDS LEASING (NORTH SEA TRANSPORT)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 1107543
LLOYDS LEASING AIRCRAFT NO. 2 LIMITED (IN
LIQUIDATION)
BOLAM HOUSE, KING AND GEORGE STREETS, PO BOX N-4843, NASSAU, BAHAMAS, Bahamas Bahamas 36352
LLOYDS LEASING DEVELOPMENTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1856355
LLOYDS LIMITED CAPITAL LLC C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 4053304
LLOYDS PLANT LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2049526
LLOYDS PORTFOLIO LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2366518
LLOYDS PREMISES INVESTMENTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2521270
LLOYDS PROJECT CONSTRUCTION COMPANY
LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2300656
LLOYDS PROJECT LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1280300
LLOYDS PROPERTY INVESTMENT COMPANY
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2137103
LLOYDS PROPERTY INVESTMENT COMPANY NO.
5 LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4839433
LLOYDS PROPERTY INVESTMENT COMPANY NO.3
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2914306
LLOYDS PROPERTY INVESTMENT COMPANY NO.4
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2891043
LLOYDS TRADE & PROJECT FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1878715
LLOYDS TSB (GENERAL PARTNER) LIMITED P O BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 76039
LLOYDS TSB (GIBRALTAR) MANAGEMENT
LIMITED
1ST FLOOR, ROYAL OCEAN PLAZA, OCEAN VILLAGE, GIBRALTAR Gibraltar 11726
LLOYDS TSB (GIBRALTAR) SERVICES LIMITED 1ST FLOOR, ROYAL OCEAN PLAZA, OCEAN VILLAGE, GIBRALTAR Gibraltar 11727
LLOYDS TSB (GUERNSEY) MANAGEMENT
LIMITED
SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 21549
LLOYDS TSB (GUERNSEY) SERVICES LIMITED SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 21550
LLOYDS TSB (JERSEY) MANAGEMENT LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 15082
LLOYDS TSB (JERSEY) SERVICES LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 12483
LLOYDS TSB ASSET FINANCE DIVISION LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 615235
LLOYDS TSB AUTOLEASE (CH) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2528691
LLOYDS TSB AUTOLEASE (FMS) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2245811
LLOYDS TSB AUTOLEASE (SHREWSBURY)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 473849
LLOYDS TSB AUTOLEASE (VC) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1428787
LLOYDS TSB AUTOLEASE (VH) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2841609
LLOYDS TSB AUTOLEASE (VL) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 910788
LLOYDS TSB AUTOLEASE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4081144
LLOYDS TSB BAHAMAS (AMERICAS) LIMITED (IN
LIQ)
c/o DELOITTE & TOUCHE, CHARTERED ACCOUTANTS, 2ND TERRACE WEST, CENTREVILLE, PO BOX N-7120,
NASSAU, BAHAMAS
Bahamas 5909 C
LLOYDS TSB BANK & TRUST (BAHAMAS)
LIMITED (IN LIQUIDATION)
c/o DELOITTE & TOUCHE, CHARTERED ACCOUTANTS, 2ND TERRACE WEST, CENTREVILLE, PO BOX N-7120,
NASSAU, BAHAMAS
Bahamas 22135 C
LLOYDS TSB BANK (GIBRALTAR) LIMITED 323 MAIN STREET, GIBRALTAR Gibraltar 99982
LLOYDS TSB BANK INSURANCE BROKERS
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 796152
LLOYDS TSB BANK INSURANCE COMPANY
LIMITED
PO BOX 33, MAISON TRINITY,, TRINITY SQUARE,, ST PETER PORT, GY1 4AT, Guernsey Guernsey 21288
LLOYDS TSB BANK plc 25 GRESHAM STREET, LONDON, EC2V 7HN England 2065
LLOYDS TSB BANK TRUST CORPORATION
(GIBRALTAR) LIMITED
1ST FLOOR, ROYAL OCEAN PLAZA, OCEAN VILLAGE, GIBRALTAR Gibraltar 11725
LLOYDS TSB CAPTIVE HOLDINGS LIMITED P O BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 88940
LLOYDS TSB CARSELECT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2849105
LLOYDS TSB CHF TRADING SÀRL 40 AVENUE MONTEREY, BP 1643, L-1016, LUXEMBOURG Luxembourg R.C. Lux B116.107
LLOYDS TSB COMMERCIAL FINANCE LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 733011
LLOYDS TSB COMMERCIAL FINANCE SCOTLAND
LIMITED
HENRY DUNCAN HOUSE, 120 GEORGE STREET, EDINBURGH, MIDLOTHIAN, EH2 4LH Scotland SC093252
LLOYDS TSB CORPORATE ASSET FINANCE (HP)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4839408
LLOYDS TSB CORPORATE ASSET FINANCE (NO.
3) LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4839393
LLOYDS TSB CORPORATE ASSET FINANCE (NO.
4) LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4839397
LLOYDS TSB CORPORATE ASSET FINANCE (NO.1)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4839284
LLOYDS TSB CORPORATE ASSET FINANCE
(NO.2) LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4839361
LLOYDS TSB CORPORATE PROPERTY
INVESTMENTS LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 6055048
LLOYDS TSB DEVELOPMENT CAPITAL (ASIA)
LIMITED
41/F , BANK OF CHINA TOWER, 1 GARDEN ROAD, CENTRAL, HONG KONG Hong Kong 1273554
LLOYDS TSB DEVELOPMENT CAPITAL
(PROJECTS) LIMITED
1 VINE STREET, LONDON, W1J 0AH England 6713621
LLOYDS TSB DEVELOPMENT CAPITAL LIMITED ONE VINE STREET, LONDON, W1J 0AH England 1107542
LLOYDS TSB EQUIPMENT LEASING (NO.1)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4280591
LLOYDS TSB EQUIPMENT LEASING (NO.10)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 5017245
LLOYDS TSB EQUIPMENT LEASING (NO.11)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 5017253
LLOYDS TSB EQUIPMENT LEASING (NO.2)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4280597
LLOYDS TSB EQUIPMENT LEASING (NO.3)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4278125
LLOYDS TSB EQUIPMENT LEASING (NO.4)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4278135
LLOYDS TSB EQUIPMENT LEASING (NO.5)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4440335
LLOYDS TSB EQUIPMENT LEASING (NO.6)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4440302
LLOYDS TSB EQUIPMENT LEASING (NO.7)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4440298
LLOYDS TSB EQUIPMENT LEASING (NO.9)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 4440277
LLOYDS TSB EXPORT FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 695206
LLOYDS TSB FILM DISTRIBUTION COMPANY 25 GRESHAM STREET, LONDON, EC2V 7HN England 5163209
LLOYDS TSB FINANCE INVESTMENTS (BVI)
LIMITED
KINGSTON CHAMBERS, PO BOX 173, ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS Virgin Islands, British 1450625
LLOYDS TSB FINANCE INVESTMENTS (CAYMAN)
LIMITED
UGLAND HOUSE, P.O. BOX 309, SOUTH CHURCH STREET, GEORGE TOWN, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands FCO23281
LLOYDS TSB FINANCIAL CONSULTANTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1690781
LLOYDS TSB FINANCIAL SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 346570
LLOYDS TSB FUNDS LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 101602
LLOYDS TSB GATWICKSTRAAT (NO.1) B.V. STRAWINSKYLAAN 1725, 1077XX, AMSTERDAM Netherlands FCO22760
LLOYDS TSB GENERAL INSURANCE HOLDINGS
LIMITED
CHARLTON PLACE, ANDOVER, HAMPSHIRE, SP10 1RE England 1628564
LLOYDS TSB GENERAL INSURANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 204373
LLOYDS TSB GENERAL LEASING (NO.1) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148073
LLOYDS TSB GENERAL LEASING (NO.10) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452924
LLOYDS TSB GENERAL LEASING (NO.11) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452927
LLOYDS TSB GENERAL LEASING (NO.12) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452932
LLOYDS TSB GENERAL LEASING (NO.13) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452935
LLOYDS TSB GENERAL LEASING (NO.14) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452947
LLOYDS TSB GENERAL LEASING (NO.15) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452949
LLOYDS TSB GENERAL LEASING (NO.17) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452958
LLOYDS TSB GENERAL LEASING (NO.18) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452961
LLOYDS TSB GENERAL LEASING (NO.19) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452968
LLOYDS TSB GENERAL LEASING (NO.2) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148075
LLOYDS TSB GENERAL LEASING (NO.20) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452973
LLOYDS TSB GENERAL LEASING (NO.21) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452975
LLOYDS TSB GENERAL LEASING (NO.22) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452978
LLOYDS TSB GENERAL LEASING (NO.3) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148088
LLOYDS TSB GENERAL LEASING (NO.4) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148099
LLOYDS TSB GENERAL LEASING (NO.5) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148101
LLOYDS TSB GENERAL LEASING (NO.6) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148111
LLOYDS TSB GENERAL LEASING (NO.7) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148123
LLOYDS TSB GENERAL LEASING (NO.8) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452920
LLOYDS TSB GENERAL LEASING (NO.9) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5452922
LLOYDS TSB GLOBAL SERVICES PRIVATE
LIMITED
NO. 1104, DALAMAL TOWER, 211 FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI – 400 021, INDIA India U72200MH2006PTC159349
LLOYDS TSB GROUP HOLDINGS (JERSEY)
LIMITED
11-12 ESPLANADE, ST HELIER, JERSEY , CHANNEL ISLANDS, JE1 4XA Jersey 45067
LLOYDS TSB GROUP LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2022662
LLOYDS TSB GROUP PENSION TRUST (NO.1)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 121965
LLOYDS TSB GROUP PENSION TRUST (NO.2)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 1267231
LLOYDS TSB GROUP PENSIONS PROPERTY
(GUERNSEY) LIMITED
SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 42036
LLOYDS TSB GROUP TRUSTEE SERVICES
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 3002817
LLOYDS TSB HEALTHCARE TRUSTEE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4980220
LLOYDS TSB HOMELOANS LIMITED BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 2393759
LLOYDS TSB INDEPENDENT FINANCIAL
ADVISERS LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 212497
LLOYDS TSB INSURANCE SERVICES (DIRECT)
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2691627
LLOYDS TSB INSURANCE SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 968406
LLOYDS TSB INVESTMENTS LIMITED EDINBURGH ONE, 60 MORRISON STREET, EDINBURGH, EH3 8BE Scotland SC106723
LLOYDS TSB LEASING (NO.2) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148158
LLOYDS TSB LEASING (NO.3) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148173
LLOYDS TSB LEASING (NO.4) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148190
LLOYDS TSB LEASING (NO.5) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148195
LLOYDS TSB LEASING (NO.6) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148211
LLOYDS TSB LEASING (NO.7) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148222
LLOYDS TSB LEASING (NO.8) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5148237
LLOYDS TSB LEASING L.P. ONE RODNEY SQUARE, 10TH FLOOR, TENTH AND KING STREET, WILMINGTON, Delaware, 19801 United States 3990845
LLOYDS TSB LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1004792
LLOYDS TSB LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2652402
LLOYDS TSB MALAYSIA LIMITED LEVEL 6, MAIN OFFICE TOWER, FINANCIAL PARK LABUAN JALAN MERDEKA, 87000 WP LABUAN, Malaysia Malaysia LL00636
LLOYDS TSB MARITIME LEASING (NO.1) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4053677
LLOYDS TSB MARITIME LEASING (NO.10) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4440166
LLOYDS TSB MARITIME LEASING (NO.11) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4440161
LLOYDS TSB MARITIME LEASING (NO.12) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017273
LLOYDS TSB MARITIME LEASING (NO.13) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017297
LLOYDS TSB MARITIME LEASING (NO.14) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017328
LLOYDS TSB MARITIME LEASING (NO.15) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017333
LLOYDS TSB MARITIME LEASING (NO.16) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017339
LLOYDS TSB MARITIME LEASING (NO.17) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017356
LLOYDS TSB MARITIME LEASING (NO.18) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017371
LLOYDS TSB MARITIME LEASING (NO.19) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 5017378
LLOYDS TSB MARITIME LEASING (NO.2) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4053681
LLOYDS TSB MARITIME LEASING (NO.3) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4053420
LLOYDS TSB MARITIME LEASING (NO.4) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4053618
LLOYDS TSB MARITIME LEASING (NO.7) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4440239
LLOYDS TSB MARITIME LEASING (NO.8) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4440203
LLOYDS TSB MARITIME LEASING (NO.9) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4440170
LLOYDS TSB MARITIME LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2521664
LLOYDS TSB MERCHANT BANK LIMITED #18-01 MILLENIA TOWER, 1 TEMASEK AVENUE, SINGAPORE, 039192, Singapore Singapore F05348D
LLOYDS TSB MORTGAGES LIMITED BARNETT WAY, GLOUCESTER, GL4 3RL, United Kingdom England 3126114
LLOYDS TSB MOTORENT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 940954
LLOYDS TSB MTCH LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 6610429
LLOYDS TSB NO.1 (IOM) LIMITED PEVERIL BUILDINGS, PEVERIL SQUARE, DOUGLAS, ISLE OF MAN, IM99 1JJ Isle of Man 37393
LLOYDS TSB NOMINEES (GUERNSEY) LIMITED 1 SMITH STREET, ST. PETER PORT, CHANNEL ISLANDS, Guernsey Guernsey 8536
LLOYDS TSB OFFSHORE (2) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2305936
LLOYDS TSB OFFSHORE CORPORATE SERVICES
LIMITED
P O BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 42225
LLOYDS TSB OFFSHORE FUND MANAGERS
LIMITED
PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 7313
LLOYDS TSB OFFSHORE HOLDINGS LIMITED P O BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 74479
LLOYDS TSB OFFSHORE LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 4029
LLOYDS TSB OFFSHORE PAYING AGENTS (HK)
LIMITED
26/F OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 977984
LLOYDS TSB OFFSHORE PENSION TRUST
LIMITED
PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 12127
LLOYDS TSB OFFSHORE PRIVATE CLIENTS
LIMITED
PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 1100
LLOYDS TSB OFFSHORE TRUST COMPANY (BVI)
LIMITED
SEA MEADOW HOUSE, BLACKBURNE HIGHWAY, PO BOX 116, ROAD TOWN, TORTOLA, Virgin Islands, British Virgin Islands, British 8225
LLOYDS TSB OFFSHORE TRUST COMPANY
LIMITED
PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 7748
LLOYDS TSB PACIFIC LIMITED 26/F OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 33825
LLOYDS TSB PRINT MANAGEMENT SERVICES
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2569179
LLOYDS TSB PRIVATE BANKING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2019697
LLOYDS TSB QUEST LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3788042
LLOYDS TSB RAIL CAPITAL INC. C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 13-2558913
LLOYDS TSB REGISTRARS (ISA) NOMINEES
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 1117900
LLOYDS TSB REGISTRARS NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 295190
LLOYDS TSB REGISTRARS SAVINGS NOMINEES
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 2402840
LLOYDS TSB REPRESENTAÇÓES LTDA AV. JURUBAUA 73, 7TH FLOOR , SAO PAULO, BRAZIL Brazil 00.574.730/0001-04
LLOYDS TSB SCOTLAND plc HENRY DUNCAN HOUSE, 120 GEORGE STREET, EDINBURGH, MIDLOTHIAN, EH2 4LH Scotland SC095237
LLOYDS TSB SHARE SCHEMES TRUSTEES
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 1414231
LLOYDS TSB STOCKBROKERS LIMITED 48 CHISWELL STREET, LONDON, EC1Y 4XX England 2029332
LLOYDS TSB VENTURE MANAGERS LIMITED ONE VINE STREET, LONDON, W1J 0AH England 2495714
LLOYDS TSB VENTURES CARRY LIMITED ONE VINE STREET, LONDON, W1J 0AH England 3066518
LLOYDS TSB VENTURES GENERAL PARTNER
LIMITED
ONE VINE STREET, LONDON, W1J 0AH England 2495635
LLOYDS TSB VENTURES NOMINEES LIMITED ONE VINE STREET, LONDON, W1J 0AH England 3066501
LLOYDS TSB VENTURES TRUSTEES LIMITED ONE VINE STREET, LONDON, W1J 0AH England 2495642
LLOYDS TSB YEN TRADING LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 95746
LLOYDS UDT (MARLOW) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 705170
LLOYDS UDT ASSET LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 429202
LLOYDS UDT ASSET RENTALS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 95510
LLOYDS UDT ASSURANCE LIMITED (IN
LIQUIDATION)
FINANCE HOUSE, ORCHARD BRAE, EDINBURGH, EH4 1PF Scotland SC19008
LLOYDS UDT BUSINESS DEVELOPMENT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2137563
LLOYDS UDT BUSINESS EQUIPMENT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2129340
LLOYDS UDT BUSINESS LEASING LIMITED (IN
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 586974
LLOYDS UDT CONTRACTS LIMITED (IN
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 562652
LLOYDS UDT EQUIPMENT LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 962700
LLOYDS UDT HIRING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 639612
LLOYDS UDT LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 665240
LLOYDS UDT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 216649
LLOYDS UDT RENTALS LIMITED (IN LIQUIDATION) FINANCE HOUSE, ORCHARD BRAE, EDINBURGH, EH4 1PF Scotland SC69104
LLOYDS, COX’S & KING’S LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1422708
LLOYDSTRUST LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1068399
LLOYDTRU LIMITED (IN LIQUIDATION) c/o DELOITTE & TOUCHE, CHARTERED ACCOUTANTS, 2ND TERRACE WEST, CENTREVILLE, PO BOX N-7120,
NASSAU, BAHAMAS
Bahamas 1214 B
LONDON TAXI FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2141786
LONDONCARD S.A. COMERCIAL INMOBILIARIA Y
FINANCIERA
TRONADOR 4890, 9TH FLOOR – 1430, BUENOS AIRES, Argentina Argentina 12
LOPSYSTEM LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 1503794
LOTHIAN ROAD LLC THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTRE, 1209 ORANGE STREET, WILMINGTON
DE19801, United States
United States 54-2105671
LOVAT FUNDING (CAYMAN) LIMITED UGLAND HOUSE, P.O. BOX 309, SOUTH CHURCH STREET, GEORGE TOWN, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands FC023718
LOVAT FUNDING (HOLDINGS) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4319837
LOVAT HOLDINGS (BVI) LIMITED KINGSTON CHAMBERS, PO BOX 173, ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS Virgin Islands, British 1450623
LOVAT INVESTMENTS (CAYMAN) LIMITED (IN
VOLUNTARY WINDING UP)
UGLAND HOUSE, PO BOX 309GT, SOUTH CHURCH STREET, GEORGE TOWN, GRAND CAYMAN, Cayman
Islands
Cayman Islands FC023717
LTSB NOMINEES LIMITED (IN LIQUIDATION) c/o DELOITTE & TOUCHE, CHARTERED ACCOUTANTS, 2ND TERRACE WEST, CENTREVILLE, PO BOX N-7120,
NASSAU, BAHAMAS
Bahamas 3198 C
LTSB REPRESENTACIONES (URUGUAY) SA WORLD TRADE CENTRE, TORRE2, PISCO 22, L. A. de HERRERA 1248, 11300 MONTEVIDEO, URUGUAY Uruguay 215-162-640-014
LTSBCF LIMITED BOSTON HOUSE, LITTLE GREEN, RICHMOND, SURREY, TW9 1QE, United Kingdom England 1761573
LTSBPPF NOMINEE 1 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81629
LTSBPPF NOMINEE 2 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81630
LYONSDOWN PROPERTY HOLDINGS LIMITED (IN
LIQUIDATION 18/05/2009)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2219981
M.E.V.C. FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 737416
MARS MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008818
MCKEE DEVELOPMENT COMPANY LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 425674
MEADOWFIELD INVESTMENTS LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC250462
MEMBERSHIP SERVICES FINANCE LIMITED TRINITY ROAD, HALIFAX, HX1 2RG England 2231229
MENTOR PROFESSIONAL SERVICES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3164540
MERCAT FINANCE LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC119921
MGR CAPITAL LIMITED BRIDGE HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 4256194
MHS (HOLDINGS) LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 559995
MITRE STREET FINANCE LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 95737
MITRE STREET INVESTMENTS LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 95738
MOOR LANE CAPITAL LIMITED 47 ESPLANADE, ST. HELIER, JERSEY, JE1 0BD Jersey 99455
MOOR LANE FINANCE LIMITED 47 ESPLANADE, ST. HELIER, JERSEY, JE1 0BD Jersey 99457
MOOR LANE HOLDINGS LIMITED 47 ESPLANADE, ST. HELIER, JERSEY, JE1 0BD Jersey 99456
MORAY INVESTMENTS LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 5723903
MORRISON STREET LLC Corporation Service Company, 1013 Centre Road, Wilmington New Castle 19805, United States United States 52-2231922
MOTORENT (UK) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 814833
MURRAYFIELD LLC Corporation Service Company, 1013 Centre Road, Wilmington New Castle 19805, United States United States 81-0560230
NASCENT LIFE LIMITED FLEMING COURT, FLEMINGS PLACE, DUBLIN 4, IRELAND Ireland EIRETBC
NATIONWIDE COLLECTION SERVICES LIMITED 116 COCKFOSTERS ROAD, BARNET, HERTFORDSHIRE, EN4 0DY, United Kingdom England 1050581
NEW BLACKFAN LLC THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTRE, 1209 ORANGE STREET, WILMINGTON
DE19801, United States
United States 20-0604993
NEW TOLLCROSS LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland 145064
NEWFONT LIMITED 20-22 BEDFORD ROW, LONDON, WC1R 4JS, United Kingdom England 4448701
NIMBUS CORP (UK) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2426271
NIMBUS CORP LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2727179
NOLAWATI MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1111
NOMINEES (JERSEY) LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 1169
NW MOTOR FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2478631
NWS TRUST LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC023944
OBAN B LIMITED Cayman Islands 192133
OBAN INVESTMENTS LIMITED WHITELEY CHAMBERS , DON STREET, ST HELIER, JE4 9WG, JERSEY Jersey 97964
OCEAN BEST INVESTMENTS LIMITED 26TH FLOOR, OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 748099
OCEAN CARACAS LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP009337
OCEAN CARIBBEAN LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP009336
OCEAN CONTAINER (NO.1) LIMITED
PARTNERSHIP
7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP009328
OCEAN CONTAINER (NO.2) LIMITED
PARTNERSHIP
7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP009329
OCEAN CONTAINER (NO.3) LIMITED
PARTNERSHIP
7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010035
OCEAN CONTAINER (NO.4) LIMITED
PARTNERSHIP
7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010036
OIL AND GAS PRODUCTION LIMITED
PARTNERSHIP
ONE ST. PAUL’S CHURCHYARD, EC4M 8SH, LONDON United Kingdom LP010981
OLD BROAD STREET INVESTMENTS (NUMBER 3)
LIMITED
LEVEL 7 , BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3YB England 2045932
OLD BROAD STREET INVESTMENTS (NUMBER 4)
LIMITED
LEVEL 7 , BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3YB England and Wales 4442278
OLD BROAD STREET INVESTMENTS LIMITED LEVEL 7 , BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3YB England 2799755
OLD PARK LIMITED WALKERS SPV LIMITED, WALKER HOUSE, 87 MARY STREET, GEORGE TOWN, GRAND CAYMAN, KY1-9002,
CAYMAN ISLANDS
Cayman Islands 176508
OMNISTONE LIMITED 46 GRAND PARADE, CORK, IRELAND Ireland 255164
OYSTERCATCHER NOMINEES LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4167973
OYSTERCATCHER RESIDENTIAL LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4169008
OYSTERCATCHER RESIDENTIAL ONE LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 4481317
PACIFIC PERFECT INVESTMENTS LIMITED 26TH FLOOR, OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 810995
PARALLEL UNIVERSE SPV LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3967674
PC MOTOR FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2122335
PENSIONS MANAGEMENT (S.W.F.) LIMITED 15 DALKEITH ROAD, EDINBURGH, EH16 5BU, United Kingdom Scotland SC045361
PERRY NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2338157
PERSONAL MOTORING PLAN LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3424470
PM NOMINEE 1 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81685
PM NOMINEE 2 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81686
PM NOMINEE 3 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81687
PM NOMINEE 4 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81688
PM NOMINEE 5 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81689
PM NOMINEE 6 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81690
PM NOMINEE 7 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81653
PM NOMINEE 8 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81654
PORTLAND FUNDING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4570082
PORTREE INVESTMENTS LIMITED WALKERS SPV LIMITED, WALKER HOUSE, PO BOX 908GT, MARY STREET, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands 176962
POWERRELATE LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 4726674
PRECISION LEASING LIMITED (IN LIQUIDATION) 25 GRESHAM STREET, LONDON, EC2V 7HN England 995183
PRIMEWAY S.A. 7 RUE DU RHONE, 1204, GENEVA, Switzerland Switzerland CH-660-0340974-9
PUGET LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008243
QUANTEL HOLDINGS LIMITED 31 TURNPIKE ROAD, NEWBURY, BERKSHIRE, RG14 2NE England 4004913
QUEENSFERRY INVESTMENTS LIMITED WALKERS SPV LIMITED, WALKER HOUSE, PO BOX 908GT, MARY STREET, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands 158213
QUILL SECURITIES LIMITED LEVEL 7 , BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3YB England and Wales 6210032
QUION 6 BV LICHTENAUERLANN 170, 3062ME, ROTTERDAM, THE NETHERLANDS Netherlands 22404321
R I G P FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 384450
R.F. SPENCER AND COMPANY LIMITED 3RD FLOOR, KINGS HOUSE, 12-42 WOOD STREET, KINGSTON UPON THAMES, KT1 1TG, SURREY England 1892694
RANDOLPH SPAIN SL CALLE AYALA 66, 1* IZQ, 28001 MADRID, SPAIN Spain B85105153
RANELAGH NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 293241
RATIH MARITIME LIMITED PARTNERSHIP SARNIA HOUSE, LE TRUCHOT, ST PETER PORT, GUERNSEY, CHANNEL ISLANDS Guernsey 1105
REAMHURST PROPERTIES LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1027205
RENTAL MANAGEMENT SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2421333
RETAIL REVIVAL (BURGESS HILL) INVESTMENTS
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 3043825
RETAIL REVIVAL (STRATFORD) INVESTMENTS
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 3043823
RETAIL REVIVAL (TROWBRIDGE) INVESTMENTS
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 3043824
RETTI PROPERTIES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 240110
RIG FUNDING (CAYMAN) LIMITED WALKERS CORPORATE SERVICES LIMITED, WALKER HOUSE, 87 MARY STREET, GEORGE TOWN, KY1-9005,
GRAND CAYMAN
Cayman Islands 227279
RIJNBORG LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010811
ROLLS HOUSE LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England and Wales 4481393
RONA MARITIME LIMITED PARTNERSHIP DOF (UK) LIMITED, VOYAGER HOUSE, 75 WATERLOO QUAY, ABERDEEN, ABERDEENSHIRE, AB11 5DE,
SCOTLAND
United Kingdom LP008115
ROXBURY SPAIN SLU VELAZQUEZ 17, 28001 MADRID, SPAIN Spain 416563
SACKVILLE TCI PROPERTY (GP) LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4736787
SACKVILLE TCI PROPERTY NOMINEE (1) LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4784128
SACKVILLE TCI PROPERTY NOMINEE (2) LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 4784136
SALEN UK REAL ESTATE GP LLC RL&F SERVICE CORP., ONE RODNEY SQUARE, 10TH FLOOR, 10TH & KINGS STREET, WILMINGTON, 19801 United States 3579426
SALEN UK REAL ESTATE LP RL&F SERVICE CORP., ONE RODNEY SQUARE, 10TH FLOOR, 10TH & KINGS STREET, WILMINGTON, 19801 United States 3579516
SALESLEASE PURCHASE LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC141768
SALTIRE SHIPPING (UK) LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP007676
SALUTAIRE DEVELOPMENTS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2234604
SATURN MARITIME LIMITED PARTNERSHIP C/O GROUP LEGAL, SG HOUSE, 41 TOWER HILL, LONDON, EC3N 4SG United Kingdom LP008913
SAVBAN LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1567751
SCI LAZULITE 23 RUE DU ROULE, 75001 PARIS, FRANCE France 428 890 735
SCI LISSES INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 432344547
SCI LYON CHASSIEU INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 433492790
SCI MITRY II INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 435355516
SCI NEWCO 12 INVESTMENT CO – CARRIERE
PERPETUAL
C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 435394317
SCI NEWCO 13 INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 438223489
SCI NEWCO 14 INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 438223398
SCI NEWCO 15 INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 438223562
SCI ORLY INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 432344919
SCI ST THIBAULT INVESTMENT CO C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 430305805
SCI SWNEWCO 11 INVESTMENT CO – ST MICHEL
SUR ORGE
C/O SAB FORMALITIES, 23 RUE DE ROUGE, 75001, PARIS, France France 435394374
SCOTIA SHIPPING LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP007677
SCOTLAND INTERNATIONAL FINANCE B.V. PRINS BERNHARDPLEIN 200, 1097 JB AMSTERDAM, NETHERLANDS Netherlands 33166369
SCOTMAR COMMERCIAL EQUIPMENT FINANCE
LIMITED
CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 6328431
SCOTTISH BUSINESS FINANCE LIMITED 2 ATLANTIC QUAY, ROBERTSON STREET, GLASGOW, G2 8JD Scotland SC29917
SCOTTISH WIDOWS (PORT HAMILTON) LIMITED 15 DALKEITH ROAD, EDINBURGH, EH16 5BU, United Kingdom Scotland SC149388
SCOTTISH WIDOWS ADMINISTRATION SERVICES
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 1132760
SCOTTISH WIDOWS ANNUITIES LIMITED 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC199550
SCOTTISH WIDOWS BANK plc PO BOX 12757, 67 MORRISON STREET, EDINBURGH, EH3 8YJ, United Kingdom Scotland SC154554
SCOTTISH WIDOWS CARDS LIMITED PO BOX 12757, 67 MORRISON STREET, EDINBURGH, EH3 8YJ, United Kingdom Scotland SC164885
SCOTTISH WIDOWS FINANCIAL SERVICES
HOLDINGS
69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC199548
SCOTTISH WIDOWS’ FUND AND LIFE
ASSURANCE SOCIETY
15 DALKEITH ROAD, EDINBURGH, EH16 5BU, United Kingdom Scotland SZ000002
SCOTTISH WIDOWS FUND MANAGEMENT
LIMITED
15 DALKEITH ROAD, EDINBURGH, EH16 5BU, United Kingdom Scotland SC074517
SCOTTISH WIDOWS GROUP LIMITED 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC199547
SCOTTISH WIDOWS INDUSTRIAL PROPERTIES
EUROPE B.V.
WEENA 336, 3012 NJ, ROTTERDAM, Netherlands Netherlands 24298691
SCOTTISH WIDOWS INTERNATIONAL LIMITED PO BOX 160, 25 NEW STREET, ST HELIER, JE4 8RG, Jersey Jersey 67600
SCOTTISH WIDOWS INVESTMENT PARTNERSHIP
GROUP LIMITED
C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 1709014
SCOTTISH WIDOWS INVESTMENT PARTNERSHIP
LIMITED
C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 794936
SCOTTISH WIDOWS PLC 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC199549
SCOTTISH WIDOWS PROPERTY MANAGEMENT
LIMITED
15 DALKEITH ROAD, EDINBURGH, EH16 5BU, United Kingdom Scotland SC113080
SCOTTISH WIDOWS PROPERTY PARTNERS (SPF)
LIMITED
69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC201467
SCOTTISH WIDOWS SERVICES LIMITED 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC189975
SCOTTISH WIDOWS SMALL PROPERTY FUND LP 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SL003690
SCOTTISH WIDOWS TRUSTEES LIMITED 15 DALKEITH ROAD, EDINBURGH, EH16 5BU, United Kingdom Scotland SC099131
SCOTTISH WIDOWS UNIT FUNDS LIMITED 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC074809
SCOTTISH WIDOWS UNIT TRUST MANAGERS
LIMITED
CHARLTON PLACE, ANDOVER, HAMPSHIRE, SP10 1RE England 1629925
SCT FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1917508
SEAFORTH MARITIME (HIGHLANDER) LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC055583
SEAFORTH MARITIME (JARL) LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC055584
SECURITISATION HOLDINGS (UK) NO. 4 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3601314
SECURITISATION HOLDINGS NO. 2 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2727195
SECURITISATION HOLDINGS NO. 3 LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2819746
SFP HOLDING (MCO) CORPORATION CORPORATION TRUST CENTRE, 1209 ORANGE STREET, WILMINGTON, NEW CASTLE COUNTY DE DE 19801,
UNITED STATES
United States 3200390
SG MOTOR FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 3031697
SG MOTOR LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2190650
SHARE DEALING NOMINEES LIMITED TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG, ENGLAND England and Wales 2583340
SHAREDEAL LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2023843
SHELDWICH LIMITED 26TH FLOOR, OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 889986
SHORELINE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1855259
SILENTDALE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1587913
SJP AESOP TRUSTEES LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 4089795
SJPC 2000 PLC 209 WEST GEORGE STREET, GLASGOW, G2 2LW Scotland 13363
SJPC 7 LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2102279
SJPC CORPORATE INVESTMENTS LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 1476292
SJPC GROUP LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 1873546
SNOWGLEN SECURITIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1583359
SOCIEDAD INVERSIONISTA ANGLO COLOMBIANO
S.A. (IN LIQUIDATION)
CARRERA 86 A, NO. 13 A 09 OFICINA 605, BOGOTA, Colombia Colombia 800.100.459-7
SOGUIA SOCIEDADE IMOBILIARIA S.A. RUA JULIO DINIS, 891-4o ESQ, 4050-327, PORTO, PORTUGAL Portugal 12947
SOLSTAD (NO.1) VOF ONE ST. PAUL’S CHURCHYARD, EC4M 8SH, LONDON Netherlands N/A
SOLSTAD (NO.2) VOF ONE ST. PAUL’S CHURCHYARD, EC4M 8SH, LONDON Netherlands N/A
ST ANDREW’S GROUP PLC 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3011193
ST ANDREW’S INSURANCE PLC 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3104671
ST ANDREW’S LIFE ASSURANCE PLC 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM England 3104670
ST ANDREW’S SHELL COMPANY LIMITED 33 OLD BROAD STREET, LONDON, England, EC2N 1HZ, UNITED KINGDOM United Kingdom 2549040
ST MARY’S COURT INVESTMENTS 25 GRESHAM STREET, LONDON, EC2V 7HN England 2061420
ST. JAMES’S PLACE (PCP) LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2706684
ST. JAMES’S PLACE (PROPERTIES) LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England and Wales 6890166
ST. JAMES’S PLACE 1990 LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2513402
ST. JAMES’S PLACE ADMINISTRATION LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 740495
ST. JAMES’S PLACE EUROPEAN SARL C/O BENELUX TRUST (LUXEMBOURG) S.A.R.L, 12 RUE LEON THYES, L-2636, LUXEMBOURG, LUXEMBOURG Luxembourg LUX 8154
ST. JAMES’S PLACE HOLDINGS S.A C/O BENELUX TRUST (LUXEMBOURG) S.A.R.L, 12 RUE LEON THYES, L-2636, LUXEMBOURG, LUXEMBOURG Luxembourg OVERSEAS
ST. JAMES’S PLACE INTERNATIONAL
ADMINISTRATION LIMITED
FLEMING COURT, FLEMINGS PLACE, DUBLIN 4, IRELAND Ireland 322580
ST. JAMES’S PLACE INTERNATIONAL
ASSURANCE GROUP LIMITED
St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2727326
ST. JAMES’S PLACE INTERNATIONAL PLC FLEMING COURT, FLEMINGS PLACE, DUBLIN 4, IRELAND Ireland 185345
ST. JAMES’S PLACE INTERNATIONAL SERVICES
LIMITED
FLEMING COURT, FLEMINGS PLACE, DUBLIN 4, IRELAND Ireland 188781
ST. JAMES’S PLACE INVESTMENT TRUST
LIMITED
St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 209445
ST. JAMES’S PLACE INVESTMENTS PLC St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 1773177
ST. JAMES’S PLACE MANAGEMENT SERVICES
LIMITED
St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2661044
ST. JAMES’S PLACE PARTNERSHIP LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 425649
ST. JAMES’S PLACE PLC St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 3183415
ST. JAMES’S PLACE PROPERTY SERVICES
LIMITED
St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2608806
ST. JAMES’S PLACE REASSURANCE (2009)
LIMITED
St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England and Wales 6718989
ST. JAMES’S PLACE REINSURANCE LIMITED 30 North Wall Quay, IFSC, Dublin, 1, Ireland Ireland IR363084
ST. JAMES’S PLACE TRUST COMPANY JERSEY
LIMITED
RATHBONE HOUSE, 15 ESPLANADE, ST HELIER, JE1 1RB, JERSEY Jersey 98624
ST. JAMES’S PLACE UK PLC St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2628062
ST. JAMES’S PLACE UNIT TRUST GROUP LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 947644
ST. JAMES’S PLACE WEALTH MANAGEMENT
(MONACO) SAM
19 LE RUSCINO, 14 QUAI ANTOINE 1ER, 98000 MONACO, MONACO Monaco
ST. JAMES’S PLACE WEALTH MANAGEMENT
(PCIS) LIMITED
St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England and Wales 6604824
ST. JAMES’S PLACE WEALTH MANAGEMENT
GROUP PLC
St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 2627518
ST. JAMES’S PLACE WEALTH MANAGEMENT PLC St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 4113955
ST. JAMES’S PROPERTIES LIMITED St. James’s Place House, 1 Tetbury Road, Cirencester, England, GL7 1FP, United Kingdom England 1075927
STANDARD FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 643767
STARFORT LIMITED 20-22 BEDFORD ROW, LONDON, WC1R 4JS, United Kingdom England 4448706
SUZUKI FINANCIAL SERVICES LIMITED ST WILLIAM HOUSE, TRESILLIAN TERRACE, CARDIFF, CF10 5BH, United Kingdom England 3015566
SW (NO. 3) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4996761
SW (NO.5) LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION
25 GRESHAM STREET, LONDON, EC2V 7HN England 2123240
SW (NO.6) LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 892641
SW (NO.7) LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1758045
SW NO.1 LIMITED 69 MORRISON STREET, EDINBURGH, EH3 8YF, United Kingdom Scotland SC203484
SWIP (LUXEMBOURG) S.A.R.L. 2-8 AVENUE CHARLES DE GAULLE, L-1653 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG,
LUXEMBOURG
Luxembourg B-104.118
SWIP EBPF HOLDINGS (FRANCE) EURL 23 RUE DU ROULE, 75001 PARIS, FRANCE France 401 899 349
SWIP FUND MANAGEMENT LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 406604
SWIP HOLDINGS (LUXEMBOURG) S.A.R.L. 2-8 AVENUE CHARLES DE GAULLE, L-1653 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG,
LUXEMBOURG
Luxembourg B-104.119
SWIP HOLDINGS LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 98655
SWIP HOLDINGS LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 98655
SWIP MULTI-MANAGER FUNDS LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 5582499
SWUF NOMINEE 1 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81645
SWUF NOMINEE 2 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81646
SWUF NOMINEE 3 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81651
SWUF NOMINEE 4 LIMITED PO BOX 63, 11-12 ESPLANADE, ST. HELIER, JERSEY, JE4 8PH, United Kingdom Jersey 81652
SY COLOSSAL INVESTMENTS LIMITED WALKERS SPV LIMITED, WALKER HOUSE, PO BOX 908GT, MARY STREET, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands 142850
TALBOT NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1055094
TANTALLON INVESTMENTS, INC C/O CORPORATION TRUST CENTRE, 1209 ORANGE STREET, WILMINGTON DE DE 19801, UNITED STATES United States 3715909
TARGET CORPORATE SERVICES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2156636
TARGET HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1454212
TARGET INVESTMENT HOLDINGS LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 2086480
TECHNOLOGY LEASING CORPORATION LIMITED LEVEL 1, 88 PHILLIP STREET, PARRAMATTA NSW 2150, AUSTRALIA Australia ACN 002 888 057
THE AGRICULTURAL MORTGAGE CORPORATION
PLC
CHARLTON PLACE, CHARLTON ROAD, ANDOVER, HAMPSHIRE, SP10 1RE England 234742
THE BRITISH LINEN COMPANY LIMITED THE MOUND, EDINBURGH, EH1 1YZ, SCOTLAND Scotland SC63024
THE CMI HIGH INCOME FUND PLC CLERICAL MEDICAL HOUSE, VICTORIA ROAD, DOUGLAS, ISLE OF MAN, IM99 1LT, BRITISH ISLES Isle of Man 43089
THE CMI STERLING ROLL-UP FUND PLC CLERICAL MEDICAL HOUSE, VICTORIA ROAD, DOUGLAS, ISLE OF MAN, IM99 1LT, BRITISH ISLES Isle of Man 61199C
THE COVENT GARDEN MARKET LP CORPORATION SERVICE COMPANY 2711, CENTREVILLE ROAD, SUITE 400, WILMINGTON 19808, United
States
United States 3244097
THE MORTGAGE BUSINESS PUBLIC LIMITED
COMPANY
BRIDGE HOUSE, QUEENS PARK ROAD, HANDBRIDGE, CHESTER, CH4 7AD England 199727

 

THE MOUND PROPERTY COMPANY LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC260380
THISTLE FINANCE LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 148787
THREE COPTHALL AVENUE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1554323
TOWER HILL PROPERTY INVESTMENTS (10)
LIMITED
CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2407853
TOWER HILL PROPERTY INVESTMENTS (7)
LIMITED
CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England 2377708
Tricomm Housing (Holdings) Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 4278621
Tricomm Housing (Holdings) Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 4278621
Tricomm Housing Limited EXCHEQUER COURT, 33 ST MARY AXE, LONDON, EC3A 8AA, UNITED KINGDOM England and Wales 4278616
TRISTAN PROPERTIES LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 228367
TRUSTCARD LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2631837
TRUSTEE SAVINGS BANKS (HOLDINGS) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1396057
TSB (USA) INC. C/O LLOYDS TSB BANK PLC, 1251 AVENUE OF THE AMERICAS, 39TH FLOOR, NY 10020 United States 13-3019457
TSB BANK LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1089268
TSB BANK PROPERTIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2489165
TSB COMMERCIAL HOLDINGS LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 881162
TSB DIRECT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 449594
TSB ENGLAND & WALES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1462252
TSB FINANCIAL SERVICES LIMITED CHARLTON PLACE, ANDOVER, HAMPSHIRE, SP10 1RE England 2079683
TSB GENERAL INSURANCE SERVICES LIMITED CHARLTON PLACE, ANDOVER, HAMPSHIRE, SP10 1RE England 2376164
TSB GROUP NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2038127
TSB HILL SAMUEL BANK HOLDING COMPANY
LIMITED
25 GRESHAM STREET, LONDON, EC2V 7HN England 162308
TSB HILL SAMUEL INVESTMENT HOLDINGS
LIMITED (IN MEMBERS’ VOLUNTARY
LIQUIDATION)
England 2303004
TSB INVESTMENT SERVICES LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
CHARLTON PLACE, ANDOVER, HAMPSHIRE, SP10 1RE England 2082059
TSB MORTGAGES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2412574
TSB PROPERTIES (ANDOVER) LIMITED CHARLTON PLACE, ANDOVER, HAMPSHIRE, SP10 1RE England 662299
TSB SCOTLAND (INVESTMENT) NOMINEES
LIMITED
P.O. BOX 177, HENRY DUNCAN HOUSE, 120 GEORGE STREET, EDINBURGH, EH2 4LH, SCOTLAND Scotland SC084495
TSB SCOTLAND NOMINEES LIMITED P.O. BOX 177, HENRY DUNCAN HOUSE, 120 GEORGE STREET, EDINBURGH, EH2 4LH, SCOTLAND Scotland SC084431
TSB SERVICES (NO.2) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 700574
TSB SERVICES (NO.3) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1053507
TSB SERVICES (NO.4) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 888174
UBERIOR (MOORFIELD) LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC285004
UBERIOR (RODINHEIGHTS) LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC275570
UBERIOR CANADA LP LTD 44 CHIPMAN HILL SUITE 1000, SAINT JOHN NB E2L 2A9, CANADA Canada 639626
UBERIOR CO-INVESTMENTS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC286372
UBERIOR ENA LIMITED 4TH FLOOR CITYPOINT, 65 HAYMARKET TERRACE, EDINBURGH, EH12 5HD, SCOTLAND Scotland SC282495
UBERIOR ENERGY INVESTMENTS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC314241
UBERIOR EQUITY LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC235110
UBERIOR EUROPE LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC299325
UBERIOR FUND HOLDINGS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC336918
UBERIOR FUND INVESTMENTS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC272465
UBERIOR FUND MANAGER LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC327270
UBERIOR INFRASTRUCTURE INVESTMENTS (NO
2) LIMITED
LEVEL 7 , BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3YB England and Wales 3743500
UBERIOR INFRASTRUCTURE INVESTMENTS
LIMITED
LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC186247
UBERIOR INTEGRATED LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC311330
UBERIOR INVESTMENTS PLC LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC073998
UBERIOR ISAF CIP GP 2 LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CH88 3AN, UNITED KINGDOM England and Wales 6399511
UBERIOR ISAF CIP GP LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC336919
UBERIOR ISAF CIP NOMINEE LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 6571254
UBERIOR PROPERTIES (2002) LIMITED LEVEL 7 , BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3YB England 2045939
UBERIOR PROPERTY MANAGEMENT (2002)
LIMITED
LEVEL 7, BISHOPSGATE EXCHANGE, 155 BISHOPSGATE, LONDON, EC2M 3TQ England and Wales 4557263
UBERIOR REAL ESTATE FUND LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC329173
UBERIOR TRADING LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC102957
UBERIOR VENTURES (FOUNTAINBRIDGE 1)
LIMITED
LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND United Kingdom SC335592
UBERIOR VENTURES (FOUNTAINBRIDGE 2)
LIMITED
LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND United Kingdom SC335594
UBERIOR VENTURES CREDENTIAL LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC299786
UBERIOR VENTURES LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC235067
UDT AUTOLEASE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 885679
UDT BUDGET LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 750062
UDT FINANCE LIMITED (IN LIQUIDATION) 25 GRESHAM STREET, LONDON, EC2V 7HN England 237409
UDT INTERNATIONAL LIMITED (IN MEMBERS’
VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 839513
UDT INVESTMENT HOLDINGS LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
England 979905
UDT LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 646591
UDT SALES FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 928061
UNION BULK LIMITED PARTNERSHIP 7TH FLOOR, 45 KING WILLIAM STREET, LONDON, EC4R 9AH United Kingdom LP010396
UNITED DOMINIONS LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 824614

Company Name Registered Office Address Country of Incorporation Company Number

UNITED DOMINIONS PROPERTY TRUST LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 402068
UNITED DOMINIONS TRUST LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 184739
UPSAALA LIMITED BANK OF SCOTLAND HOUSE, 124-127 ST. STEPHEN’S GREEN, DUBLIN 2, IRELAND Ireland 305444
V.A.G FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 334947
VALKYRIE MOTOR HOLDINGS LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
England 961644
VEHICLE LEASING (1) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND United Kingdom 2953304
VEHICLE LEASING (2) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND United Kingdom 2954065
VEHICLE LEASING (3) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND United Kingdom 2955324
VEHICLE LEASING (4) LIMITED CHARTERHALL HOUSE, CHARTERHALL DRIVE, CHESTER, CHESHIRE, CH88 3AN, ENGLAND England and Wales 553053
VINTRY FUNDING (CAYMAN) LIMITED UGLAND HOUSE, P.O. BOX 309, SOUTH CHURCH STREET, GEORGE TOWN, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands FC024453
VINTRY HOLDINGS (BVI) LIMITED KINGSTON CHAMBERS, PO BOX 173, ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS Virgin Islands, British 1450624
VINTRY HOLDINGS (UK) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 4570806
VINTRY INVESTMENTS (CAYMAN) LIMITED (IN
VOLUNTARY WINDING UP)
UGLAND HOUSE, P.O. BOX 309, SOUTH CHURCH STREET, GEORGE TOWN, GRAND CAYMAN, CAYMAN
ISLANDS
Cayman Islands FC024452
VISION PARK MANAGEMENT LIMITED C/O SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, 33 OLD BROAD STREET, LONDON, EC2N 1HZ England 2479238
VOCS FINANCE LIMITED 116 COCKFOSTERS ROAD, BARNET, HERTFORDSHIRE, EN4 0DY, United Kingdom England 2000935
WARD NOMINEES (ABINGDON) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2520929
WARD NOMINEES (BIRMINGHAM) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2520919
WARD NOMINEES (BRISTOL) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2520908
WARD NOMINEES (MAYFAIR) LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2054747
WARD NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2338164
WARWICK LANE FINANCE LIMITED WALKERS CHAMBERS, 171 MAIN STREET, PO BOX 92, ROAD TOWN, TORTOLA VG 1110 BVI, BRITISH VIRGIN
ISLANDS
Virgin Islands, British 1450894
WARWICK LANE INVESTMENTS BV 10 GRESHAM STREET, LONDON, EC2V 7AE Netherlands 34291875
WAVERLEY – FUND III INVESTOR LLC CORPORATION SERVICE COMPANY 2711, CENTREVILLE ROAD, SUITE 400, WILMINGTON 19808, United
States
United States 56-2467524
WAVERLEY BOCA LLC CORPORATION SERVICE COMPANY 2711, CENTREVILLE ROAD, SUITE 400, WILMINGTON 19808, United
States
United States 56-2461001
WAVERLEY FUND II INVESTOR LLC CORPORATION SERVICE COMPANY 2711, CENTREVILLE ROAD, SUITE 400, WILMINGTON 19808, United
States
United States 34-2007998
WAVERLEY GENERAL PRIVATE EQUITY LIMITED EDINBURGH ONE, MORRISON STREET, EDINBURGH, EH3 8BE, United Kingdom Scotland SC238100
WAVERLEY HEALTHCARE PRIVATE EQUITY
LIMITED
EDINBURGH ONE, MORRISON STREET, EDINBURGH, EH3 8BE, United Kingdom Scotland SC238099
WAVERLEY WILSHIRE RODEO LLC CORPORATION SERVICE COMPANY 2711, CENTREVILLE ROAD, SUITE 400, WILMINGTON 19808, United
States
United States 65-1237697
WEST CRAIGS LIMITED LEVEL 1, CITYMARK, 150 FOUNTAINBRIDGE, EDINBURGH, EH3 9PE, SCOTLAND Scotland SC226585
WEST NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 224084
WESTOVER NOMINEES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 596341
WHITECHAPEL CORPORATE SERVICES LIMITED P.O.BOX 111, PEVERIL BUILDINGS, PEVERIL SQUARE, DOUGLAS, IM1 3TX, ISLE OF MAN Isle of Man 87454C
WHITESTAR SECURITIES LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1579897
WHITTINGTON FACILITIES LIMITED 21 HOLBORN VIADUCT, LONDON, EC1A 2DY, ENGLAND England and Wales 4289024
WICKHAM INVESTMENTS LIMITED 26TH FLOOR, OXFORD HOUSE, TAIKOO PLACE, QUARRY BAY, Hong Kong Hong Kong 870998
WIGTON FINANCE LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 2360819
WM. BROWN ATKINSON & CO., LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 206330
WOOD STREET FINANCE (No 1) LIMITED (IN
MEMBERS’ VOLUNTARY LIQUIDATION)
25 GRESHAM STREET, LONDON, EC2V 7HN England 1626024
WOOD STREET LEASING LIMITED 25 GRESHAM STREET, LONDON, EC2V 7HN England 1132261
WYNDCROFT LIMITED WALKERS SPV LIMITED, WALKER HOUSE, 87 MARY STREET, GEORGE TOWN, GRAND CAYMAN, KY1-9002,
CAYMAN ISLANDS
Cayman Islands 176502
More will follow

Banks just part of the corrupt scheme by Insurers.

Friday, January 13th, 2012

 We bailed out the banks didn’t we? So why then is my radar screaming at me that over the next month or so we are likely to have a repeat of the 2008 financial crisis?

 

It could be far worse than many experts? Predicted and it will cost a lot more, but then we didn’t just bail out the banks. We bailed out thousands of subsidiaries owned by the banks, nothing to do with banking. This deception and fraud is known by the treasury regulator and authorities, they control it.

 

And this is why

Royal Bank of Scotland is a typical example it has around 800 subsidiaries like Direct Line the insurer, Green Flag breakdown recovery service, or Dixon Motorcycle holdings, or Caledonian Tours, or Fuel and Go, or GL Trains or Motorsport Dealers International.

 

In the simplest of terms you the taxpayer bailed out all these companies.  More to the point these subsidiaries of the bailed out banks are competing using inside information on you, against you. Many small businesses and sole traders who are struggling to survive? Do not know the odds are stacked against them. See List of subsidiaries.

 

It is the same with most corporate giants like Zurich the insurer, bailed out by you that caused the financial crisis. See letter below, note the Federal Reserve bailout of  this company.  This intervention involved taking control of the parent company Zurich Financial Services, who ultimately were bailed out to the tune of several hundred $billion.

 

Zurich is without any doubt the most fraudulent insurer, it has been fined $billions for all manner of corruption and fraud. And have a huge myriad of subsidiaries,  see part lists. A warning here if you take out any insurance make sure you are not dealing with it or its subsidiaries. Ask for confirmation in writing, if they refuse don’t deal with them.

Fraud example

DOC. NO. FST-CV-05-4004360-S (X05)
—————————————————–X SUPERIOR COURT
STATE OF CONNECTICUT :
: JUDICIAL DISTRICT OF STAMFORD
Plaintiff, : AT STAMFORD
v. :
: COMPLEX LITIGATION DOCKET
MARSH & McLENNAN :
COMPANIES, INC., MARSH, INC., :
MARSH & MCLENNAN, INC., :
MARSH USA RISK SERVICES, INC. :
d/b/a MARSH USA, INC. :
: SEPTEMBER 21, 2005
Defendants. :
——————————————————X
AMENDED COMPLAINT
I. SUMMARY OF THE CASE
This action seeks redress for Marsh’s scheme to rig bids on insurance contracts purchased by Connecticut consumers and to illegally steer insurance contracts to those insurers paying Marsh undisclosed kickbacks. Marsh systematically exploited its position as the largest insurance broker in the world to control insurers’ access to Marsh clients wanting to purchase insurance. To gain access to Marsh’s clients, insurers made back-door payments to Marsh through hidden contingent commission agreements commonly known as Placement Service Agreements (PSA’s). These hidden agreements created an inherent conflict of interest for Marsh between its clients, to whom Marsh owes a fiduciary duty, and the insurers, who were eventually paying Marsh hundreds of millions of dollars in hidden fees.
Moreover, Marsh secretly conspired to protect this corrupt system by submitting false or rigged bids to its clients to provide the illusion of free and open competition. In reality, Marsh had already picked the winner of these sham competitions by identifying which insurer would pay Marsh the most money. Whether the client got the best insurance for their needs was incidental to Marsh maximizing its fees. Indeed, because insurers commonly paid Marsh based on the total amount of premium it placed, Marsh frequently actively worked against its clients’ interests by purposefully raising premium prices — thereby increasing Marsh’s own hidden commission payment.
Insurers willingly provided Marsh with rigged or fictitious quotes in return for the prospect of submitting winning bids on future placements. If an insurer refused to play along, Marsh threatened to cutoff that insurer and not allow them to bid on future business. Eventually, however, insurers realized that they could join forces with Marsh to steer more and more business to selected insurers (i.e., those insurers with PSA’s) if the insurer simply paid Marsh more money. As a result, insurers began signing generous PSA agreements paying Marsh higher and higher rates of compensation if Marsh increased the total amount of business it placed with the insurer. The insurers’ plan worked and Marsh soon began steering more and more business to insurers willing to sign high paying PSA’s.
In pursuing these corrupt and anti-competitive business practices, Marsh violated the Connecticut Antitrust Act, the Connecticut Unfair Trade Practices Act, and its fiduciary duties of loyalty and fair dealing to its clients. Pursuant to Conn. Gen. Stat. §§ 35-32, 35-35, 35-38, 42-
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110m, and 42-110o, the Connecticut Attorney General, in the name of the State of Connecticut and the People of the State of Connecticut, seeks damages, restitution, disgorgement, and civil penalties for the injuries suffered by Connecticut consumers and the general economy of the State of Connecticut, as well as other injunctive and equitable relief to prevent these corrupt business practices from happening again.
II. PARTIES
1. Plaintiff State of Connecticut, represented by Richard Blumenthal, Attorney General of the State of Connecticut, brings this action pursuant to the Connecticut Antitrust Act, Conn. Gen. Stat. § 35-24 et seq., and, at the request of Edwin R. Rodriguez, Commissioner of the Department of Consumer Protection for the State of Connecticut, pursuant to Conn. Gen. Stat. § 42-110m of the Connecticut Unfair Trade Practices Act (CUTPA).
2. Defendant Marsh & McLennan Companies, Inc. (MMC) is a $12 billion global business services firm with a principal place of business in New York, New York. At all times relevant to this Amended Complaint, MMC transacted business in the State of Connecticut through its various subsidiaries including Marsh, Inc., Marsh & McLennan, Inc., and Marsh USA Risk Services, Inc. d/b/a Marsh USA, Inc. (“Marsh USA”).
3. Defendant Marsh, Inc. is a subsidiary and operating unit of MMC. Marsh Inc. claims to be “the world’s leading risk and insurance services firm,” with 410 offices around the world and clients in more than 100 countries. Marsh, Inc.’s annual revenues were $6.9 billion in 2003 and $7.4 billion in 2004. At all times relevant to this Amended Complaint, Marsh, Inc.
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transacted business in the State of Connecticut through its various subsidiaries providing insurance brokerage, consulting and counseling services, including Marsh & McLennan, Inc., and Marsh USA.
4. Defendant Marsh & McLennan, Inc. is a brokerage and consulting corporation with its principal place of business in New York, New York and is a wholly owned subsidiary of Marsh, Inc. Marsh & McLennan, Inc. has offices in Connecticut and is registered with the Connecticut Secretary of State. At all times relevant to this Amended Complaint, Marsh & McLennan, Inc. transacted business in the State of Connecticut by providing insurance brokerage, consulting and counseling services in Connecticut.
5. Defendant Marsh USA is an insurance brokering and consulting corporation with its principal place of business in Hartford, Connecticut and is a wholly owned subsidiary of Marsh & McLennan, Inc.
6. The various Marsh entities alleged above are hereinafter referred to as “Marsh.”
7. Marsh is in the business of providing insurance brokerage and consulting services to corporations, state and municipal governmental agencies, and individuals seeking medical, group life, dental, disability, as well as other insurance products such as property and casualty, and excess liability insurance.
8. Non-party Illinois Union Insurance Company is an insurance company with an office in Chicago, Illinois. Illinois Union Insurance Company does business as and through ACE Financial Solutions, an unincorporated practice group of ACE Limited. ACE Limited is an
4
insurance company located in Bermuda. Illinois Union Insurance Company, ACE Financial Solutions, and ACE Limited are referred to hereinafter collectively as “ACE.”
9. Whenever reference is made in this Amended Complaint to any representation, act or transaction of any the defendants, such allegation shall be deemed to mean that the principals, officers, directors, employees, agents or representatives while actively engaged in the course and scope of their employment, did or authorized such representations, acts, or transactions on behalf of said defendant.
III. HOW THE INSURANCE INDUSTRY WORKS
10. There are three primary actors in the large scale commercial and governmental insurance industry: consumers, brokers (sometimes called consultants), and insurance companies.
11. Consumers are large private and public employers who must purchase insurance to operate and, occasionally, individuals. To purchase insurance, consumers hire brokers.
12. Brokers are companies with specialized knowledge of the insurance industry and the products insurance companies sell. A broker’s job is to solicit quotes for insurance coverage from insurers, present the insurers’ proposals to the broker’s clients, recommend the best proposal for the client’s particular needs, and represent the client in any negotiations with the insurer. Under Connecticut law, a broker has a fiduciary duty to the client to work exclusively for the client’s best interest.
5
13. Insurance companies (referred to by brokers as “markets”) rarely sell insurance directly to large commercial consumers. Instead, insurers typically sell through brokers. Thus, brokers occupy a critical position in the marketplace between the consumers needing to purchase insurance and the insurance companies wanting to sell insurance.
14. A common method of selling insurance to businesses is for a broker to solicit proposals on behalf of its client from a group of insurers. When a successful bidder is chosen, the bidder enters into a contract with the consumer for the agreed upon insurance.
15. For this work, a broker generally receives either a (1) flat fee from its client, (2) payment from the client based on a percentage of the premium paid to the insurer, or (3) payment from the insurer which is then disclosed to the broker’s client and deducted from any fee charged by the broker to the client.
IV. MARSH’S CORRUPT BUSINESS SCHEME
A. Marsh Dominates the Insurance Broker Market
16. Prior to 1984, the insurance brokerage industry generally included enough brokers to provide adequate competition for the medium and large commercial and public sector markets.
17. Within the last two decades, however, there has been significant consolidation in the brokerage industry because of mergers by key firms. This consolidation has left remaining brokers, particularly Marsh, with considerable market power.
18. Marsh is the largest provider of insurance brokerage and consulting services in the world. Marsh’s brokerage operations have approximately 40,000 employees and in 2004
6
generated over and $7.4 billion in annual revenue. Marsh’s insurance brokerage and consulting business operates nationwide, including in Connecticut.
19. Marsh has nearly 300 clients in Connecticut, including some of Connecticut’s largest and best known companies. Marsh’s Connecticut corporate clients include: Bic Corporation, United Technologies Corporation, Carvel Corporation, Ethan Allen Furniture, Kaman Corporation, Timex Corporation, Xerox Corporation, and General Electric Company.
20. Marsh has also been the insurance broker for numerous Connecticut public entities, including, the Connecticut Department of Administrative Services, and the Cities or Towns of Hartford, New Haven, Stamford, Manchester, West Hartford, and West Haven. Marsh was also the insurance broker for several large, publicly supported Connecticut construction projects, including Adriaen’s Landing.
21. Finally, Marsh has been a broker for several Connecticut nonprofit entities such as Yale University, Mystic Seaport, and the Save the Children Federation.
B. Marsh Holds a Position of Trust
22. Marsh holds itself out as a trusted expert in the analysis and placement of insurance. Businesses and individuals who need insurance retain Marsh to help design an insurance plan that fits their particular needs and to negotiate with insurance companies to get the client the best mix of coverage, service, financial security, and price.
23. Marsh’s clients rely heavily on Marsh’s expertise when choosing what insurance to buy and how much to pay. Marsh’s clients expect, and under Connecticut law, are entitled to
7
receive, unbiased advice on insurance renewals, whether to switch carriers, and help in keeping insurance premiums as low as possible. Despite these obligations to its clients, Marsh commonly agreed to PSA’s that included provisions expressly designed to increase premiums levels and steer business to favored insurers.
24. For its part, Marsh actively cultivated this high level of trust from its clients and worked hard to project an image of undivided loyalty to its clients. According to Marsh’s own website, “[o]ur guiding principle is to consider our client’s best interest in all placements…. We are our clients’ advocates, and we represent them in negotiations. We don’t represent the [insurance companies].”
C. Marsh Exploited Its Position of Trust For Its Own Profit Through Its Global Broking Unit
25. A critical piece in Marsh’s corrupt scheme to increase premiums and commission payments was the creation of Marsh’s Global Broking unit.
26. Until the late 1990’s, insurers sold their insurance through regional or local broking offices located around the country. Under this system, a regional or local broker negotiated directly with insurers over the price and terms of the insurance eventually sold to the broker’s clients. Each one of the broking offices could negotiate its own separate commission arrangement with the insurer effecting only those insurance placements in the individual broker’s particular region or local market. Thus, under this system, no individual broker dominated the
8
national broking market because each broker generally only dealt with regional or local customers.
27. This system changed when Marsh created its Global Broking unit. Global Broking concentrated the market and negotiating power of all Marsh regional and local brokers into a single office. Global Broking’s purpose was to negotiate directly with insurers not just on the business of local or regional Marsh clients, but on behalf of all Marsh clients. Thus, if an insurer wanted to place insurance with any Marsh commercial customer, they had to negotiate with Global Broking.
28. Marsh purposefully created, in essence, a centralized “toll booth” through which all insurers doing business with Marsh would have to pass before they were able to place insurance with any Marsh client. This toll booth gave Marsh tremendous market leverage to dictate commission arrangements to the insurers. If insurers did not cooperate with Marsh by agreeing to high paying PSA’s, price fixing, and false quotes, Global Broking had the power to cut off that insurer not just from a few Marsh clients, but from all Marsh clients. Marsh took full advantage of the market power that the Global Broking system provided.
D. Marsh Puts Its Corrupt Scheme into Operation
29. Like many brokers, Marsh gets paid for its work through a flat fee from its client, or a payment from the client based on a percentage of premium paid.
30. What Marsh generally did not disclose, however, is that Marsh also had separate, back-door agreements with many insurance companies that paid Marsh hundreds of millions of
9
dollars annually for the insurance Marsh recommended to its clients. These arrangements – variously known as “special producer agreements,” “quality business incentives awards,” “preferred broker compensation plans,” “competitive bonus programs,” “extra compensation agreements,” “placement service agreements” (“PSAs”), and “market service agreements” (“MSAs”), – are known commonly at Marsh as “overrides” or “PSA’s.” In many cases, the payments under these agreements operated as nothing more than kick backs for steering business to a particular insurer.
31. The terms of these hidden agreements varied, but typically they rewarded Marsh with annual payments based on (1) the total amount of insurance premium placed with the insurer for the year; (2) the “persistency rate,” i.e., the rate at which Marsh convinced its clients to renew or maintain their existing policies with the insurer; or (3) the profitability of the insurance placed by Marsh with the insurer.
32. For example, a 2003 PSA agreement with AIG Risk Management, Inc. (AIG) provided Marsh with a bonus payment of 1% of all renewal premiums if Marsh convinced 85% of its AIG insured clients to renew with AIG. If the renewal rate was 90%, Marsh received 2% of the renewal premiums. If Marsh got 95% of its AIG insured clients to renew, Marsh got 3% of premiums. Similarly, the 2003 PSA for Liberty Mutual Insurance Company (“Liberty”) paid Marsh 2% of Liberty premiums on the first $50 million of premuim. If Marsh could steer $65 million in premiums to Liberty, then Marsh’s percentage doubled to 4% on the entire $65
10
million. If Marsh could hand Liberty more than $65 million in premiums, then Marsh was paid 5% on those premiums above $65 million.
33. These types of PSA arrangements represented a direct and unavoidable conflict of interest between Marsh and its clients because such agreements had the purpose and effect of encouraging Marsh to keep premium prices high so that Marsh could meet its PSA goals.
34. PSA agreements became a significant source of income to Marsh. Marsh has received at least $1.7 billion in the U.S. from its PSA agreements since 2001 and perhaps as much as $3 billion worldwide. Most, if not all, of this money was pure profit to Marsh. In 2003, Marsh reported that approximately $847 million of its earnings were attributable to PSA income, or more than half of the $1.5 billion in net income that Marsh reported in 2003. For the first three quarters of 2004, Marsh took in $541 million in PSA income.
35. The clear purpose and effect of PSA agreements was to secretly and improperly shift Marsh’s loyalty from its clients, to whom Marsh owes a fiduciary duty, to the insurer, or even to Marsh itself, in the pursuit of more and more PSA revenue. Instead of recommending the insurance that was best for its client, Marsh frequently recommended the insurance policy that brought Marsh the biggest override payment, regardless of whether that insurance was best for the client. What was best for Marsh’s client was secondary, or forgotten altogether. As one Chubb insurance Executive Vice President put it to Marsh: “Under any of our proposed [PSA] scenarios, you do handsomely if we do handsomely…. We need a deal where you have skin in the game, and are accountable for delivering what you clearly can deliver, if you are so
11
inclined.” In sum, Marsh was no longer working for its clients. Marsh was working for the insurance companies.
36. For example, a Marsh broker wrote in 2003 when discussing renewal of a PSA agreement: “I agree we should have a good year with ARCH [insurance] but that all depends on their appetite, coverage provided and how much they pay us. We need to place our business in 2004 with those that… pay us the most.”
37. Marsh’s inherent conflict of interest was particularly apparent when Marsh was close to the level of business needed to trigger a bonus payment. Thus, a Marsh broker advised her staff in 2001: “Please provide Cheryl with twenty accounts that you can move from an incumbent market to PRB. You must make sure that you are not moving business from key PSA markets. This market has given us an extension on the expiring PSA which is Net accounts 12.5%[.] [O]n accounts with commission we get an extra 5%. This could mean a fantastic increase in our revenue.”
38. Conversely, if Marsh thought it could not earn a commission, it quickly stopped promoting an insurer’s products – again without considering what may have been in the best interest of its clients: “We are writing off our biz with CNA for the rest of the year. We will never get to this [PSA] band and will be focused elsewhere. Assume our payout will be less than that projected.”
39. Insurers found providing bonuses and overrides to be a necessary element of dealing with Marsh. As one Aetna manager stated: “With Marsh if we don’t have an override
12
we should not call on them. . . . they flat out told us if we want to write business we need to have an override end of story. . . . without them we are letting business walk away.” Another underwriter at Arch Insurance complained after losing a bid to provide coverage for Ozark Motor Lines: “It’s not right, Katie, I tried hard to work with you and in the end, without a PSA, its what’s good for Marsh and not the client that wins out.”
40. Insurers who refused to play along with Marsh found themselves shut out by Marsh. “We are now being heavily penalized by Marsh for not having the [PSA] agreement signed. We are being systematically excluded from . . . placements that we would otherwise like the chance to write.”
41. Nor was Marsh shy about making sure the insurance companies got the message. Discussing how to arm wrestle insurer C.V. Starr & Company into signing a PSA, a Marsh broker wrote: “We need to work on moving business to demonstrate the control we have in order to make a strong argument for a PSA.” Still another Marsh broker wrote in 2003 during Marsh’s negotiations with ACE for a new PSA: “I made it clear that if ACE wants us to meet significant premium growth targets then ACE will have to pay “above market” for such stretch…. We will be candid and absolutely honest about where their PSA stands relative to similar partners in terms of both %’s and growth thresholds. We will also be VERY CLEAR to the ACE product line managers what the impact will be if they are below market in terms of PSA.” (emphasis in the original).
13
42. By contrast, insurers who played along were rewarded by Marsh. A 2003 internal Marsh marketing presentation could not have been more clear: “We must reward carriers who elect to collaborate with Marsh.”
43. Even for those insurers who did play along, Marsh still tried to wring every last dollar out of the system. Wrote one Marsh broker in 2002, “some PSA’s are better than other’s. Shortly, we will tier our markets and I will give you clear direction on who w[]e are steering business to and who we are steering business from.” Indeed a “tiering report” was later circulated to Marsh executives listing insurance companies as belonging to “tiers” depending on how lucrative their PSA was. The instruction given to Marsh brokers was to “monitor premium placements” to insure that Marsh got the “maximum concentration with Tier A & B” companies, i.e., the companies that paid Marsh the most.
44. This message got through loud and clear to Marsh employees. Wrote one Chicago Marsh broker on her 2003 annual self appraisal: “95% renewal on all business…. Renewed large account with PSA market to demonstrate our willingness to continue our relationship. Moved a number of accounts to PSA market for the sole reason to demonstrate partnership.” Under the “Financial Success” heading of her evaluation the broker listed these accomplishments: “Renewed our second largest HMO ($6m) with our top PSA market. Was able to avoid going out to bid in a challenging situation. Moved a large account ($1.5m) from a non-PSA market to our top PSA market and doubled our revenue. This was done to send the message that we prefer to write business with our partners (PSA markets).”
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E. Insurers Join Marsh’s Scheme By Steering Insurance Contracts Through High Paying PSA’s
45. Eventually, insurance carriers realized they could channel Marsh’s greed for their own benefit. Insurers promoted PSA agreements with higher and higher commission payments to Marsh in return for placing more business with the insurer. By using these highly lucrative PSA agreements, insurers hoped to influence, or “incent,” Marsh brokers to sell their products over that of other insurers.
46. This scheme is graphically illustrated in two email’s from Liberty Mutual Insurance. On November 2, 2002, a Liberty Mutual executive wrote to his colleagues:
back in april we said; results are strong with marsh, we want/need to diversify away from marsh, marsh needs us more than we need marsh, no need for a psa.
now in november; our results with marsh are bad and getting worse, they are the biggest broker in the world, they have and control the largest book of ‘main thing’ business, they control most of the shared and layered business. we want/need to diversify but marsh will always be our biggest producer, placing brokers are steering business away from us, we are the market of last resort and only seeing the low priced junk, we need a psa.
47. Thus, on January 18, 2003, the same Liberty Mutual executive wrote back to his colleagues in an email titled “2003 marsh psa:”
we agreed to a very, very attractive and lucrative plan and expect preferential treatment in return. we will be tracking monthly and talking to and/or meeting with marsh monthly to assure the psa is motivating the intended behavior and results….
the price of poker has just gone up and we will demand the appropriate consideration from marsh.
15
48. The insurers’ plan worked. “Marsh [is] definitely influenced by these arrangements,” wrote one insurer. A Chubb Executive Vice President wrote to a Marsh manager: “Our definition of ‘incentive’ is that you are financially motivated to act in Chubb’s best interests.”
49. In a pitch to Marsh, the senior executive at OneBeacon Professional Partners, a White Mountains Insurance Group entity, was equally clear:
We continue to be pleased with the Marsh relationship and believe that we have made terrific progress in aligning our interests. As we move into 2004, we believe that OneBeacon Professional Partners product portfolio of Medical Professional Liability, Managed Care, Errors and Omissions and Provider Excess should position us as one of Marsh’s more important and strategic partners…. we only have a PSA for the Medical Professional Liability…. we believe that as your responsibility and or influence extends to the other products we can expect the same kind of effective trading relationship that we have experienced with the medical. As such we are interested in structuring a global PSA arrangement that recognizes key production and retention objectives at both the individual product and facility level….
We are prepared to significantly enhance the amount of compensation you are likely to receive under the current 2003 PSA…. Our motives should be pretty transparent: we want to provide you with additional incentives to influence the outcomes of both the [medical professional liability] and the managed care and we are prepared to pay a level of compensation on the managed care that we would otherwise not be required to pay.
50. The insurers’ plans produced the results they hoped for. In 1999 a Marsh broker wrote “We should be feeding AIG on excess/umbrella. GBML’s is part of the GB excess PSA deal. It is VERY lucrative. I hope Chicago GB is steering business to them?” Indeed Marsh did steer business to AIG and AIG noticed. Wrote one AIG executive in 2002, “We continue to get
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the “inside track” on all quoted business. This did not exist prior to having the PSA with Marsh …. I believe that [the new PSA] will incent Marsh to not only grow with us, but to do so both with renewals and new business.”
F. Marsh Tried Hard to Conceal Its Corrupt Practices
51. As PSA payments and other “bonus” income grew, brokers became concerned that their clients, who were also paying Marsh a commission for their professional services, would learn of the back-door payments. As early as 2001, an Aetna e-mail said of Marsh “[a] BIG issue we will have with the [large brokers] is ‘what do we do with those accounts where we are not currently paying any commissions (client is paying them directly) . . . plus the issue of these monies now possibly showing up on a [government reporting form].”
52. Similarly, a Marsh broker in Texas wrote in reference to AIG: “This is an “A” mkt [one of Marsh’s most profitable] and we need to push business there. Let me know if you have problems and we can elevate them up the ladder and hopefully get the deals done.” A second Marsh broker in New York cautioned: “Let’s be careful about labeling market’s via email. Prefer managers speak to staff directly.” Then apparently unable to follow his own advice, the New York broker added: “Thanks for pushing. We need more of that.”
53. Federal law requires private employers to disclose all compensation paid to brokers in connection with those employers’ purchase of group insurance for their employees. This information must be reported on Schedule A to the “Form 5500” and filed by the employer
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for these “ERISA” plans with the United States Department of Labor and Internal Revenue Service.
54. An employer typically does not know how much the insurer paid the broker. As a result, the insurer frequently prepares the Form 5500 on behalf of the employer. In the absence of disclosure elsewhere, the Form 5500 is the employer’s only opportunity to find out what the insurer paid the broker. Hence, if PSA payments are not properly disclosed on the Form 5500, the employer and ERISA plan beneficiaries will never know about the payment.
55. Brokers like Marsh tried hard not to disclose their secret payments on the Form 5500s. At a meeting between brokers and insurers in September 2003, brokers indicated that they preferred “the expenses/funding not appear on the 5500 form.”
56. Marsh’s subsidiary, Mercer, complained about one insurer’s bonus program agreement in particular because it did not sufficiently conceal PSA commissions. Mercer stated that it had been told that “the ‘2004 Producer Administrative Agreement’ would be the type of document we would want if we did not want to have client-specific, disclosed compensation showing up on [the Form 5500s]. In fact, we don’t want it appearing on [the Form 5500s] since we have communicated to all our clients that overrides are used to offset certain costs of doing business which [are] common to all of our client relationships.” Mercer added that having bonus commissions on the 5500 “is not ideal for us because overrides and regular commissions might be combined on one amount, raising questions from clients on why our commission
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disclosures are less than [the Form 5500] commission. . . . Is this a requirement that is set in stone or not? This could be a potential deal-breaker for us. . . .”
57. Insurers understood what Marsh was telling them. Wrote an Aetna employee, “we will only break into the large preferred books [of business] when we put some bucks on the table…. Me thinks we need to start getting more creative if we are to suck that Life and Disability business away from the Preferred Brokers.” (emphasis in original). As a result, insurers began complying with Mercer’s request and introduced non-reportable bonus agreements. For example, Aetna informed Mercer: “The full amount will be 5500 reportable. . . . If this does not work, we can provide alternative options, such as a producer administrative agreement….”
58. Marsh took Aetna up on its suggested “alternative option” to such an extent that Aetna employees complained “[w]e are encouraging our Producers to be paid MORE off of the 5500. I thought it was [the company’s] position to have bonus reportable.”
59. Brokers like Marsh made their position clear. They wanted insurers to comply with their efforts to conceal their hidden bonus payments. The brokers’ efforts paid off.
60. Soon Marsh and other major brokers were all receiving checks clearly identified as non-disclosed on the Form 5500.
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G. Consumers Pay For Marsh’s Corrupt Business Practices
61. The money to pay for Marsh’s undisclosed bonuses had to come from somewhere. Ultimately, Marsh and the insurance companies came to the same conclusion: secretly pass the cost of hidden bonus payments to consumers in the form of higher premiums.
62. In fact, Munich American Risk Partners, a division of American Reinsurance, maintained a separate premium schedule of higher prices for insurance placed with Marsh clients because of the contingent commissions it was forced to pay Marsh. Wrote another insurer: “Every program with marsh is quoted with a cost built in to cover this [the PSA] component. It is generally .5% to > .75% of total booked premium per transaction.”
63. Thus, the losers in Marsh’s scheme were consumers. Consumers who paid a premium that, unknown to them, included an amount for Marsh’s secret commission. Consumers who paid inflated premium prices because instead of negotiating with insurers to reduce premiums, Marsh was actively increasing premiums so it could meet the premium target set in its PSA agreements. And, finally, consumers who were fraudulently induced to purchase inferior insurance because of Marsh’s misrepresentations.
64. Among those damaged consumers around the nation are nearly 300 Connecticut companies and organizations that were Marsh clients from 2001 through 2004 and on which Marsh earned a secret commission.
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V. MARSH’S SCHEME INJURED CONNECTICUT CONSUMERS
A. Marsh Engaged in Bid Rigging Against Connecticut Consumers
65. An integral part of the corrupt PSA system developed by Marsh was the systematic rigging and manipulation of insurance contract bidding in violation of Connecticut law.
66. Marsh’s bid rigging and bid manipulation was done to protect Marsh’s favored insurers from losing valued business to their competitors, thereby giving Marsh the best chance to steer the insurance business of its clients not to the insurer who might offer the best product for the best price, but to the insurer that would pay Marsh the most.
67. The system worked like this: When a Marsh customer wanted to purchase insurance or renew insurance it already had, Marsh brokers decided which insurer they wanted to place the insurance with and at what price. For renewals, Marsh’s price typically represented a substantial increase in the previous contract’s premium.
68. Marsh’s decision on who would win the placement was typically embodied in a “broking plan” drafted by Marsh brokers. Once Marsh set the broking plan, all insurers were expected to fall into line to ensure the chosen carrier won the “competition.” For example, wrote one ACE employee about a Marsh plan: “This is another protection job by NY…. Our rating has risk at $890,000 and I advised [Marsh] that we could get to $850,000 if needed. Doherty [a Marsh broker] gave me song & dance that game plan is for AIG at $850,000 and not to commit our ability in writing!”
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69. Marsh did not like not fulfilling its broking plan. Wrote a Marsh broker: “Our supposed COLLEAGUES in Zurich, acting not on my instructions but in a direct dialogue with CA have a quote from Swiss Re…. Per broking plan, Swiss Re was not to quote on this layer not to mention that they have come in below broking plan pricing targets…. Now that this got opened up, Swiss Re have come in below plan and left money on the table. We need to talk this afternoon with Kevin Daly on how we can salvage this.” (emphasis in original).
70. Nor was this corrupt system pursued by just a few Marsh employees. A review of Marsh documents shows that at least 50 Marsh employees from Marsh offices around the country participated in or had knowledge of price fixing, B-quotes, steering, and other fraudulent bidding practices.
71. To minimize the chances of not fulfilling its “broking plans,” Marsh routinely solicited and received from insurers fraudulent bids known as “B-quotes.” B-quotes provided Marsh customers with the illusion that their insurance placement went through an open and competitive bid process when in fact that was not the case. As one Marsh broker succinctly described the B-quote system in a placement where the Marsh game plan was to protect Chubb, “A ‘B’ would be a quote from AIG which is higher in premium and more restrictive in cover[age] thus supporting the Chubb quote.”
72. An added benefit to Marsh of its bid rigging scheme was the artificial inflation of premium rates because the premium rates were being set by Marsh, not the competitive market. Higher premiums translated into higher bonus payments for Marsh under its PSA agreements.
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Insurers profited as well. Thus, in many cases, consumers were paying twice for Marsh’s corrupt business practices. Consumers paid once when Marsh’s hidden bonus was secretly folded into the premium charged to the customer and once again when the customer paid a higher basic premium because Marsh failed to make insurers genuinely compete for Marsh’s clients’ business. Of course, Marsh customers were already paying Marsh a third time in the form of Marsh’s original fee to the client for supposedly unbiased guidance and expertise in placing the customer’s insurance.
73. These corrupt Marsh practices directly harmed Connecticut consumers, including, the following Connecticut businesses. MassMutual/Cornerstone Real Estate Advisors, Inc.
74. MassMutual Insurance hired Marsh to find an excess liability policy in 2002 and 2003. MassMutual is based in Connecticut and Massachusetts and two-thirds of the sought after coverage was for Cornerstone Real Estate Advisors, Inc., based in Hartford. After supposedly soliciting competitive bids from several insurers, Marsh quoted MassMutual a premium of $610,000 from MassMutual’s existing carrier, St. Paul. Marsh’s quote was approximately a 20% increase over MassMutual’s previous year’s premium. When MassMutual’s risk manager questioned the rate increase, Marsh brokers assured him that was the best price they could obtain.
75. In fact, Marsh had rigged the bid process. Wrote Marsh Broker Omar Portieles to an XL America Insurance employee, “regarding Mass Mutual. We would appreciate a quote on
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this account in order to protect the incumbent, St. Paul. St. Paul have quoted a lead 25 x P for $610,000.”
76. Fortunately, MassMutual’s risk manager took the initiative and, doing the job Marsh was being paid for, solicited a competitive quote of only $500,000. Marsh immediately changed its story and dropped St. Paul’s bid to match the one found by MassMutual.
77. Nor was this the first time Marsh had manipulated MassMutual’s bids. In 2002, Marsh chose St. Paul to get the “first shot” at meeting Marsh’s “target pricing” while expressly relegating other carriers to “back-up” status. The result was another approximately 20% increase in premium for MassMutual. Talcott Realty Investors, LLC
78. In 2003, Talcott Realty Investors, LLC hired Marsh to place an umbrella insurance policy. Talcott Realty is a real estate investment company owning commercial properties throughout Connecticut, including the Gold Building in Hartford. Like MassMutual, Talcott Realty was paying Marsh to find the best coverage at the best price. But again, Marsh failed to solicit genuine bids on behalf of Talcott Realty. In fact, Marsh simply wrote the incumbent carrier, Chubb, and asked “let me know your thoughts regarding how much of an increase you are looking for on this renewal.”
79. Mr. Portieles then wrote again to the same XL America employee he spoke to regarding MassMutual’s bid and asked her to be ready to submit a “back up,” or B-quote to
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support Chubb’s lead quote. Wrote Mr. Portieles, “Please note that you are back up for Chubb on the lead. I’ll let you know if we need you on this, but I really don’t think we will.”
80. The Chubb quote Marsh obtained was $60,000, a 20% increase over Talcott Realty’s previous premium. Talcott Realty principals questioned the increase, but in the end trusted Marsh’s false representation that Marsh had approached XL and another carrier “to ensure that the pricing … was in line with the rest of the market.” In fact, Marsh had approached XL simply to protect Chubb’s inflated quote.
Fidelity National
81. Fidelity National Financial, Inc. (Fidelity National) provides software, financial products, and insurance to the real estate and financial services industry. Fidelity National claims nearly one-third of the US market in title insurance policies. Fidelity National operates through underwriters like Fidelity National Title Insurance Company, Chicago Title Insurance Title, and Ticor Title Insurance, all of whom have offices in Connecticut.
82. In 2003, Fidelity National hired Marsh to place a number of tiered umbrella liability policies. As usual, Marsh put together its broking plan which involved four layers of stacked coverage from different carriers and called for a total premium increase of 23%. The lead insurer, St. Paul, submitted a quote of $270,000, which was even higher than Marsh’s prearranged “target” premium of $220,000. Marsh, however, did not turn down the opportunity to make more money from its clients. Marsh broker Robert Sterns instructed Marsh Broker April Greenwood, “Can you get a B from Zurich. Client will be binding with St. Paul at $270,00 ….
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$325,000 should work.” One day later, Zurich obliged Marsh and quoted St. Paul’s layer at $360,000.
83. In the end, Marsh did even better than it expected. Fidelity National’s expiring premium for the four layers of coverage was $443,000. Marsh’s initial broking plan called for an increase to $545,000. Fidelity National ended up renewing at a total of $620,000, a 40% increase in premium. As Mr. Stearns noted in confirming the final placement, “this is a commission placement.”
Hubbell Incorporated
84. In the Fall of 2003, Hubbell Incorporated (“Hubbell”) hired Marsh to place its excess liability insurance. Hubbell engineers, manufactures and sells electrical and electronic products for a variety of industrial, telecommunications, utility and residential uses and is located in Orange, Connecticut. Marsh requested that Hubbell provide detailed information on its business, but failed to use that information to seek competitive bids from insurers.
85. Instead Marsh set up a phony marketing meeting with insurers like AIG in order to fool Hubbell into thinking that Marsh was actually seeking competitive bids. In fact, Marsh contacted AIG and, according to AIG, told AIG that “this is not a real opportunity” because Marsh wanted to keep the business with Hubbell’s existing carrier, Zurich American. AIG was “just there in case [Zurich] defaulted.”
86. Marsh also wanted AIG to make Zurich’s quote look good. Marsh asked AIG to bid $900,000 for the Hubbell coverage as against Zurich’s expected bid of $750,000. AIG
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obligingly submitted a false quote for $900,000. Hubbell ended up renewing with Zurich as recommended by Marsh for $782,000.
Kaman Corporation
87. In 2001, Kaman Corporation (“Kaman”) hired Marsh to place its excess casualty insurance. Kaman is a diversified manufacturer producing musical instruments, helicopters for military and civilian use, and a variety industrial products, such as bearings and motion control products. Kaman is based in Bloomfield, Connecticut.
88. When Marsh started the placement process it warned Kaman that its premium might increase by as much as 40% because of a “firming” in the insurance marketplace for excess casualty insurance. Thus Marsh recommended Kaman purchase its primary layer of excess casualty insurance for $250,000, a 35% increase over the previous year’s premium. Marsh’s recommendation for Kaman’s overall umbrella coverage was a premium increase of 48%. Kaman trusted Marsh and purchased the insurance at Marsh’s recommended prices.
89. In fact, the increases in prices paid by Kaman had little to do with the competitive marketplace. A Marsh broker wrote that he knew the winning bid from St. Paul “could’ve been lower.” What had actually happened was that St. Paul “quoted higher than the target to purposely give [Zurich American] the opportunity to hit [the target premium] and not undercut [Zurich].” However, Marsh brokers apparently became confused about their own game plan and which insurer was supposed to “get[] the protection” of Marsh’s corrupt brokerage operation. As a result, St. Paul’s inflated bid was accepted by Kaman rather than Zurich’s inflated bid.
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Bridgeport Hospital
90. In 1999, Bridgeport Hospital hired Marsh to place its umbrella insurance. Bridgeport Hospital paid Marsh to find the best coverage at the best price. Again, Marsh failed to meet its fiduciary obligations to its client and rigged the bid for Bridgeport Hospital’s insurance.
91. On September 14, 1999, Nicole Michaels of Marsh wrote Mark Manzi and Joshua Bewlay of Marsh asking, “tell me what to do with the pricing” on Bridgeport Hospital’s insurance placement. Ms. Nichols offered that she intended on having insurer Zurich American submit a non-competitive quote in order to support the bid of Marsh’s preferred insurer, AIG.
92. That was exactly what happened. Marsh, as usual, recommended Bridgeport Hospital accept an increase in premium. Bridgeport Hospital questioned why premium should increase when the risk being insured had not increased. Mr. Bewlay wrote to Ms. Nichols that he was going to make a phone call “to protect AIG,” and to find out whether his client’s apparently inconvenient opposition to a price increase “is real or b.s.” One day later, on September 15, 1999, Zurich American submitted a quote that was intentionally higher than that being offered by AIG. Bridgeport Hospital renewed its policy with AIG at the increased premium suggested by Marsh. Hexcel Corporation
93. Hexcel Corporation is a leading manufacturer of carbon fiber and structural fabrics, fiberglass electronic materials, and other composite materials. Hexcel is located in
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Stamford, Connecticut. In 2001, Hexcel hired Marsh to place its umbrella liability insurance. Hexcel expected and paid Marsh to solicit the best policy for their company at the lowest price.
94. Instead, Marsh actively worked against Hexcel’s best interests. First, Marsh’s original “game plan” called for a 28% increase in premium from $136,500 to $175,00. Then Marsh solicited and received fraudulent quotes to support their inflated premium from Liberty Mutual ($275,000) and Zurich American ($210,000).
95. Zurich was perhaps most interested in helping Marsh because Marsh had already selected Zurich to provide the next layer of coverage for Hexcel at a 20% increase in premium. When Zurich suggested that they could cut Marsh’s suggested increase if Marsh simply reduced its commission slightly, Marsh declined and quoted Hexcel the higher premium. In the end, Hexcel purchased its primary layer of 2001 umbrella insurance from Zurich for $162,500, a 20% increase over the previous year.
96. Perhaps most disturbing is that Hexcel likely should not have paid any increase in premium. When Marsh first began work on Hexcel’s renewal, a Marsh Client Advisor suggested Marsh’s “game plan” of increasing Hexcel’s premium by 28% seemed excessive. The Marsh Client Advisor wrote Marsh brokers including Joshua Bewlay that she thought St. Paul would quote Hexcel’s business at no increase at all. St. Paul was never contacted and Mr. Bewlay was tasked to explain the Marsh facts of life and to “discuss with the [client advisor] the issues of competition with St. Paul and pricing in general.”
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97. On February 15, 2005, Mr. Bewlay plead guilty in New York Supreme Court to one felony count of fraud in his work as a broker with Marsh. Mr. Bewlay told the New York Supreme Court
Beginning in approximately 1998 and continuing through approximately 2003, I along with others at Marsh directed the solicitation of losing quotes from various insurance companies for excess liability insurance for Marsh clients. I personally solicited losing quotes on a number of occasions.
Unknown to Marsh clients I along with others at Marsh and at the various insurance companies who participated in this conduct, shared the common purpose of ensuring that the client would select the carrier, typically the incumbent that Marsh had predetermined should win the business. The B quotes were solicited and obtained related to and as part of this common scheme and the scheme caused more than one client, one Marsh client to obtain more expensive and/or less favorable insurance coverage.
98. Similarly, on February 24, 2005, Kathryn Winter plead guilty in New York Supreme Court to one felony count of fraud in her work as a broker with Marsh. Ms. Winter told the New York Supreme Court
I and others at [Marsh] Global [Broking] participated in a scheme with individuals at various companies including AIG, ACE, [and] Zurich. The primary goal of this scheme was to maximize Marsh’s profits by controlling the market and protecting incumbent carriers when their business was up for renewal.
During this period of time I and others at Marsh regularly instructed non-incumbent carriers to submit non-competitive bids for insurance business that I believe (a) were higher than appropriate and more restrictive in coverage terms than bids provided by incumbent carriers (b) were designed to insure that the incumbent carriers would win certain business and (c) resulted in clients being deceived by the bidding process.
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On numerous occasions non-incumbent insurance companies complied with these requests by submitting such quotes to Marsh which Marsh in turn showed to its clients. Pursuant to this scheme I intentionally engaged in deception and intentionally caused non-competitive quotes to be conveyed to Marsh clients under false and fraudulent pretenses.
B. Marsh Conceals A Kick Back from the State of Connecticut
99. On or about April 10, 2001, the Connecticut Department of Administrative Services (“DAS”) sought proposals from insurers to underwrite a loss portfolio program to cover a group of State of Connecticut workers’ compensation claims. The loss portfolio program was intended to transfer 678 existing workers’ compensation cases to a third party insurer.
100. The purpose of the loss portfolio program was to permit the State of Connecticut, which is self-insured, to pay an insurance company to assume responsibility for paying the workers’ compensation claims as well as the administrative duties associated with those claims.
101. As an initial step in the process, DAS needed to identify a broker with the requisite experience to represent DAS in finding a financially sound and qualified insurer. To help with this process, DAS hired MRM Consulting, Inc. (“MRM”) and prepared a Request For Qualification (RFQ). The State’s RFQ sought detailed information from potential brokers and specifically required disclosure of the broker’s commission.
102. Two brokers responded to the April 10, 2001 RFQ: Marsh and Hagedorn & Company (“Hagedorn”). In its RFQ response, Marsh trumpeted its reputation, stating: “Marsh has tremendous resources for strategic planning, design and benchmarking of the program features that best address the needs and characteristics of the State of Connecticut.” Marsh
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continued, citing its “greater depth of experience” and concluded that “Marsh [is] position[ed] to achieve the best possible solution . . . .” Marsh made clear that “we are the only business partner that can see the State through this – every step of the way.”
103. Marsh initially sought compensation from DAS for its services based on a percentage of the premium, which would have amounted to a commission in excess of $1,000,000. DAS rejected this approach and instead insisted on paying Marsh a flat fee. After a brief round of negotiations, Marsh agreed to accept a total fee of $100,000 to be paid by the State.
104. On August 24, 2001, DAS issued a Request for Proposal (RFP). The RFP directed brokers to identify their preferred insurance companies from whom they intended to secure quotes. The RFP stated explicitly that the successful broker would be paid a flat fee of $100,000 by the State. In its RFP response, Marsh identified ACE as its preferred insurer.
105. A material element of the transaction was to separate the cost of the insurance from the cost of obtaining that insurance, i.e., the broker’s fee. To ensure that this requirement was adhered to, DAS expressly stated in its RFP that “Payment of broker commissions shall not be part of the insurers premium.”
106. DAS officials involved in the negotiations made it clear that they needed to separate the two parts of the transaction. This structure was necessary to ensure that the maximum number of workers’ compensation cases were transferred for the amount of premium the State was authorized to spend. Indeed, the State and ACE ultimately engaged in difficult
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negotiations over the number of claims ACE would accept for the $80 million the State had allocated for the deal. In the end, ACE only agreed to accept responsibility for 660 workers’ compensation cases for the $80 million premium, not the 678 originally called for in the State’s RFP. Additionally, by requiring in the RFP that only the State pay Marsh, the State made it clear that Marsh was working for the State. Marsh was the State’s insurance broker and the State expected unbiased advice as to which insurer would best meet the State’s goals for the loss portfolio program.
107. DAS directed Marsh and Hagedorn to seek quotes from their preferred insurers.
108. On October 31, 2001, Marsh provided the State with ACE’s a bid for the loss portfolio program. ACE’s bid (submitted through ACE Financial Solutions) specified that “[t]his Quotation is net of brokerage commission.” Despite this representation, a portion of the State’s premium ultimately went to pay Marsh an additional hidden fee.
109. On November 7, 2001, a Marsh broker wrote that he had “planted the seed” and had begun soliciting an additional hidden fee from ACE: “I made a light hearted gesture on the side to ACE about their tendencies to pay us a contingency on the “back end” of the deal….”
110. Although ACE did not immediately agree to Marsh’s request for a hidden fee, the prospect that a fee would eventually be paid encouraged Marsh to violate its fiduciary and contractual obligations to act only in the State’s best interest. ACE wanted to motivate Marsh to recommend to the State that ACE was the most qualified insurer for the loss portfolio program, even if that was not the case. Indeed, the Marsh broker who solicited the fee was aware of
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“ACE’s tendencies” to pay back end fees and thus resolved “to get the deal done first” in order to make a hidden fee possible.
111. Additionally, on November 6, 2001, Hagedorn contacted MRM to warn that ACE had suffered substantial losses in the September 11, 2001 terrorist attacks. In a fax to MRM, Hagedorn asked if there was any way to let the State know that, according to a Morgan Stanley Analysis Report: “All Rating Agency’s[sic] Standard & Poors, Moodys, Fitch, have taken action on ACE & issued a ‘URN’ – under review with Negative Implications.” (emphasis in original). Hagedorn’s fax added that, according to an insurance executive, ACE “is broke, they only have good will.” (Emphasis in original).
112. For its part, Marsh was determined to “get the deal done” and thus never informed the State of ACE’s financial condition. Instead, Marsh continued pushing the State to select ACE, even though Marsh knew that the State’s decision to choose an insurer would be materially effected by the insurer’s financial strength.
113. On November 14, 2001, the State agreed to the loss portfolio insurance contract with ACE (through Illinois Union Insurance Company) and sent a check to Marsh for $80,100,000.00 — $80 million for ACE’s premium and $100,000 for Marsh’s fee. Throughout the days before the loss portfolio agreement was finalized, Marsh never disclosed that they were negotiating a hidden contingency payment from ACE, or that ACE was in poor financial condition.
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114. Despite the requirements that only the State pay Marsh and that the premium not include broker fees, by December 3, 2001, Marsh agreed to take an additional $50,000 on the State’s loss portfolio deal. Additionally, Marsh’s payment was expressly conditioned on Marsh signing a confidentiality agreement to prevent disclosure of the secret fee. Wrote the same Marsh broker who had originally “planted the seed” with ACE: “ACE advised that they were unwilling to pay the invoice (I assume the invoice they are referring to is the contingency that I instructed you to process) until we agreed to their requested confidentiality agreement. As you will note below, the agreement is done and I am sending them a signed document. There should be no further delay in the contingency payment.”
115. Finally, flatly contradicting its own internal records, and in an obvious effort to cover-up the paper trail created by their own records, a handwritten note was inserted into Marsh’s internal files claiming that the “[d]iscussion with ACE on incentive/contingency payment commenced after deal was completed/bound/paid.”
VI. CAUSES OF ACTION
First Count: Breach of Connecticut Antitrust Act (Conn. Gen. Stat. § 35-32 et seq.)
1-115. Paragraphs 1 through 115 of the Amended Complaint are hereby repeated and realleged as Paragraphs 1 through 115 of the First Count as if fully set forth herein.
116. Pursuant to Conn. Gen. Stat. §§ 35-32(a) and (c) and § 35-35, Richard Blumenthal, Attorney General of the State of Connecticut, brings this action on behalf of the State of Connecticut and the People of the State of Connecticut for violations of the Connecticut
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Antitrust Act, and as parens patriae on behalf of persons residing in the State of Connecticut who were damaged by the defendants’ conduct as alleged above and for damages sustained by the general economy of the State of Connecticut and its political subdivisions.
117. Marsh entered into contracts and agreements and engaged in a corrupt, unfair, and anti-competitive conspiracy with various insurance companies around the United States and overseas to submit or cause to be submitted collusive, fraudulent, non-competitive, and rigged bids for the sale and placement of insurance in Connecticut and throughout the Unites States.
118. Marsh entered into contracts and agreements and engaged in a corrupt, unfair, and anti-competitive conspiracy with various insurance companies around the United States and overseas to cause insurance companies to refrain from submitting genuine, competitive bids for the sale and placement of insurance in Connecticut and throughout the United States.
119. Marsh entered into contracts and agreements and engaged in a corrupt, unfair, and anti-competitive conspiracy with various insurance companies around the United States and overseas to raise prices and premiums for the sale and placement of insurance in Connecticut and throughout the Unites States.
120. Marsh’s actions as alleged herein violate Conn. Gen. Stat. §§ 35-26 and 35-28 because they have the purpose and/or effect of unreasonably restraining trade and commerce within the State of Connecticut and throughout the United States.
121. Marsh’s actions as alleged herein have caused loss and damage, and threaten to continue to cause loss and damage, to the State of Connecticut, persons residing in the State of
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Connecticut, and to the general welfare and economy of the State of Connecticut and its political subdivisions.
Second Count: Breach of the Connecticut Unfair Trade Practices Act
(Conn. Gen. Stat. § 42-110a et. seq.)
1-121. Paragraphs 1 through 121 of the Amended Complaint are hereby repeated and realleged as Paragraphs 1 through 121 of the Second Count as if fully set forth herein.
122. At all times relevant to this Amended Complaint Marsh was engaged in the trade or commerce of insurance brokerage and consulting services in the State of Connecticut.
123. By engaging in the acts and practices alleged herein, Marsh made or caused to be made, directly or indirectly, explicitly or by implication, representations which are material, reasonably interpreted, false and likely to mislead, including, but not limited to, the following:
a. that the Marsh brokerage fee, which was being paid with taxpayer funds, would be only $100,000 when, in fact, it was not;
b. that Marsh would act as a fiduciary solely for the State’s interest when, in fact, it would not; and
c. that ACE was a bona fide candidate that had been recommended solely on its qualifications when, in fact, it had not.
124. By engaging in the acts and practices alleged herein, Marsh made omissions to the State that they had a duty to disclose by virtue of Marsh’s fiduciary and contractual obligation to the State and Marsh’s statements to the State concerning certain topics including:
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a. that Marsh would receive a hidden fee amounting to a kick-back from ACE in return for ACE’s selection as the State’s insurer;
b. that ACE had material issues related to its financial stability that might affect its ability to perform the State’s contract;
c that ACE had material issues related to its financial health that might affect the State’s decision to award them the workers’ compensation contract; and
d. that the price and/or terms of coverage of the State’s loss portfolio agreement with ACE might be increased by a concealed payment to Marsh.
125. Marsh’s acts and practices alleged herein are oppressive or unscrupulous and violated the public policy of the State of Connecticut, including, but not limited to:
a. the public policy prohibiting violations of the trust, confidence, and duties owed within a fiduciary relationship;
b. the public policy embodied in Conn. Gen. Stat. § 38a-815 et seq. prohibiting misrepresentations of the terms of insurance and omissions and/or false statements in the course of the sale of insurance products;
c. rigging bids in the sale and placement of insurance to Connecticut consumers and consumers throughout the United States in violation of Connecticut and U.S. law;
d. soliciting and transmitting to its clients fraudulent “B-quotes;”
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e. breaching their fiduciary duties to their clients by soliciting and accepting secret back-door kick backs from insurers in return for steering Marsh clients to purchase their insurance from a favored insurer;
f. artificially inflating insurance premium prices by folding their back-door payments into the premiums paid by their clients and arbitrarily setting the premium prices higher than the market would have produced in a free and open competition;
g. not informing their clients of genuine and bona fide quotes received for their clients’ insurance placements and intentionally restraining insurers from submitting such quotes;
h. refusing to deal with insurers who would not participate in their corrupt system of hidden commissions and bid rigging;
i. inducing a person with a state contract to give up a part of the compensation to which that person is entitled by use of force, intimidation, or threat in violation of Conn. Gen. Stat. § 53a-161; and
j. receiving a benefit from another person without the consent of Marsh’s employer or principal with the agreement or understanding that such benefit would influence Marsh’s conduct in relation to its employer’s or principal’s affairs in violation of Conn. Gen. Stat. § 53a-161.
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126. Marsh’s acts and practices as alleged herein have been and are unethical, oppressive and unscrupulous, and cause substantial injury.
127. Marsh knew or should have known that their conduct alleged herein violated Conn. Gen. Stat. § 42-110b.
128. Marsh’s acts or practices alleged herein violate § 42-110b-18(e) of the Regulations of Connecticut State Agencies, because they misrepresented the nature, characteristics, benefits and qualities of the services provided by Marsh.
129. Marsh’s acts or practices alleged herein constitute unfair or deceptive acts or practices in violation of Conn. Gen. Stat. § 42-110b.
Third Count: Breach of Contract
1-115. Paragraphs 1 through 115 of the Amended Complaint are hereby repeated and realleged as Paragraphs 1 through 115 of the Third Count as if fully set forth herein.
116. By all of the foregoing, Marsh breached its contract with the State that Marsh only be paid $100,000 for its services to the State.
117. By all of the foregoing, the State of Connecticut has been damaged.
40
PRAYER FOR RELIEF
WHEREFORE, the State of Connecticut requests the following relief:
As to the First Count:
1. A finding that by the acts alleged herein Marsh engaged in the unfair and unreasonable restraint of trade or commerce within the State of Connecticut in violation of the Connecticut Antitrust Act;
2. Treble damages pursuant to Conn. Gen. Stat. § 35-35;
3. An injunction pursuant to Conn. Gen. Stat. §§ 35-32(a) and 35-34 enjoining Marsh from engaging in any acts that violate the Connecticut Antitrust Act, including, but not limited to, the corrupt, unfair, and anticompetitive acts alleged herein;
4. Civil penalties of $250,000 pursuant to Conn. Gen. Stat. § 35-38 for each and every violation of the Connecticut Antitrust Act; and
5. Such other relief as the Court deems just and equitable.
As to the Second Count:
1. A finding that by the acts alleged herein Marsh engaged in unfair and deceptive acts and practices in the course of trade or commerce within the State of Connecticut in violation of the Connecticut Unfair Trade Practices Act;
2. An injunction pursuant to Conn. Gen. Stat. § 42-110m enjoining Marsh from engaging in any acts that violate the Connecticut Unfair Trade Practices Act, including, but not limited to, the unfair and deceptive acts and practices acts herein;
41
3. An injunction pursuant to Conn. Gen. Stat. § 42-110m enjoining Marsh from operating a Global Broking unit or similar entity as complained of herein;
4. An order pursuant to Conn. Gen. Stat. § 42-110m requiring that Marsh submit to an accounting to determine:
a. the amount of improper bonuses and commissions paid to Marsh; and
b. the amount Marsh improperly inflated insurance premium charges to its clients.
5. An order pursuant to Conn. Gen. Stat. § 42-110o directing Marsh to pay a civil penalty of $5,000 for each and every willful violation of the Connecticut Unfair Trade Practices Act;
6. An order pursuant to Conn. Gen. Stat. § 42-110m directing Marsh to pay restitution;
7. An order pursuant to Conn. Gen. Stat. § 42-110m directing Marsh to disgorge all revenues, profits, and gains achieved in whole or in part through the unfair and/or deceptive acts or practices complained of herein;
8. An order pursuant to Conn. Gen. Stat. § 42-110m directing Marsh to pay reasonable attorneys’ fees to the State;
9. Costs of suit; and
10. Such other relief as this Court deems just and equitable.
42
As to the Third Count:
1. Compensatory damages;
2. Such other relief as this Court deems just and equitable.
Plaintiff State of Connecticut hereby demands a trial by jury on all issues and causes of action so triable.
43
Dated at Hartford, Connecticut, this ___ day of September, 2005.
PLAINTIFF
STATE OF CONNECTICUT
____________________________
RICHARD BLUMENTHAL
ATTORNEY GENERAL
By: ____________________________
Michael E. Cole
Chief, Antitrust Department
Matthew J. Budzik, Juris # 423926
Robert D. Snook
Assistant Attorneys General
Antitrust Department
55 Elm Street, P.O. Box 120
Hartford, CT 06141-0120
Tel. # 860/808-5040
44
DOC. NO. -FST-CV-05-4004360-S (X05)
—————————————————–X SUPERIOR COURT
STATE OF CONNECTICUT :
: JUDICIAL DISTRICT OF STAMFORD
Plaintiff, : AT STAMFORD
v. :
: COMPLEX LITIGATION DOCKET
MARSH & McLENNAN :
COMPANIES, INC., MARSH, INC., :
MARSH & MCLENNAN, INC., :
MARSH USA RISK SERVICES, INC. :
d/b/a MARSH USA, INC. :
: SEPTEMBER 21, 2005
Defendants. :
——————————————————X
AMOUNT IN DEMAND
The amount, legal interest or property in demand is $15,000.00 or more, exclusive of interest and costs.
PLAINTIFF
STATE OF CONNECTICUT
BY: ____________________________
Michael E. Cole
Chief, Antitrust Department
Matthew J. Budzik, Juris # 423926
Robert D. Snook
Assistants Attorneys General
Antitrust Department
55 Elm Street, P.O. Box 120
Hartford, CT 06141-0120
Tel. #: 860/808-5040
45

Bank Robbers

Monday, January 9th, 2012

BANKS AND INSURERS CODE OF CONDUCT, ITSFRAUD, ITS-FRAUD AND MORE FRAUD. THESE CORPORATE CROOKS IN SUITS HAVE NO MORALS. THEY HAVE YOUR MONEY.

The insurance companies crooks in suits are vile predators that have taken control of the world’s financial institutions. Most banks and vast swaths of high street shops businesses retail parks and industrial estates.

More disturbing is the use by insurers of thousands of subsidiaries trading with different names but owned by the same company, Zurich is an example. This deception is a fraud on a gigantic scale designed to trap the public into believing they are obtaining a better or competitive quote from another insurer. This fraud is widespread amongst many insurance companies, corporate giants that have been fined £billions by courts all over the world.

If you can imagine the Worlds vilest action committed against another PERSON then an insurer or bank was involved or committed it.

The financial crisis was caused by a subsidiary of Zurich the well-known insurer. Its AIGFP, ( American International Group Financial Products) unit has destroyed billions of people’s lives millions of small businesses, itself! and thousands of high street banks and well-known institutions.

Zurich Financial Services, the parent company, owns and controls many banks, funds many institutions and authorities and pays senior government ministers, for cosy inside information. This cosy relationship has meant the British public were kept in the dark about Zurich Financial Services failure and the £billions it was fined by the Securities Exchange Commission in the US. PS its change its name now its called Zurich Financial.

Chartis is another of its subsidiaries. Would you like to use their services.

Resulting in the take over by the US Government and restated, started again but with different shareholding held by the US to make certain it paid back the hundreds of £billions it was bailed out with (by taxpayers.

The banking crisis austerity and failure of many Banks and Insurers is the direct result of actions by AIG the insurer. And its parent company, Zurich Financial Services,trading name ZURICH, It was fined billions for corruption, fraud, bid rigging and much worse.

Listening to local news it appears Zurich have less profit due to floods in Europe. Lets hope they sink.

 

 

Interesting info,

If you wish to see any MP’s voting record in the House of Commons, speeches made on the topics, committees attended, register of financial interests and their expense claims since 2001, do the following:

Google the MP’s name and then select the website with the address theyworkforyou.com at the bottom. It will take you directly to the relevant page (it is otherwise a difficult site to navigate). It will show the voting pattern of that MP on major issues since 2001 (provided by the Chief Whip’s Office) and their expenses etc. Also see DWP Corruption very interesting site and like ourselves exposing fraud.

 

 

 

WHO OWNS THE ROYAL BANK OF SCOTLAND

Monday, January 9th, 2012

On 1 December 2008, the UK Government through HM Treasury aquired a controlling shareholding in the Royal Bank of Scotland Group plc. The Government has announced that its shareholdings in the banks will be managed by UK Financial Investments Limited a company wholly -owned by the uk Government

 

DON`T TRUST YOUR BANK?

Monday, January 9th, 2012

Royal Bank of Scotland (RBS)

When the tax payer bailed out RBS who else do you think was getting bailed out.

Here is a list of those companies owned by RBS. Apart from being bailed out by you? are any your competitors, with access to your Banks confidential information.

Please note: Just recently you will have recieved a letter and booklet from your bank explaining how they are going to make changes to make it easier for you to understand their terms and conditions.

If you read the new terms fully you soon understand. They are being given the power to take (your money) if the Bank etc become insolvent.

And they justify this by saying that in future.

The taxpayer will not be forced to bail out failing banks.  Instead depositers, unsecured creditors and shareholders will lose their money first.

Its even mentioned in BOE documents that failing– important banks will be able to take ordinary depositers money to fund. What the Bank of England says are  important banks / institutions.

I thought Depositer’s money was Guarranteed by the Government.

But then if you read the terms and conditions of any Bank, (You soon realise they own you and your money.

Because banks have (privilage). The law says any money you put in a bank (Belongs) to the Bank. Not You.

And soon all your democratic freedom will be controlled by the Encroaching digital financial institions. Cash will be taken from you and replaced by a machine that holds your digital money.

This is happening now and soon just like the new Electronic camera operated Toll Roads

You will pay more and have no-one but a machine to try and talk to. Try reasoning with a machine at 3am.

Most if not all motorways in Europe now have no Toll Booth attendants, Just the cameras machine and they do not accept cash.

This very frightening take over by the banks and huge corporate companies in partnership with Governments is expanding at an alarming speed. Its also quite clear by recent events that Europe will be a digital cash controlled system starting next February.

Think about this?  Soon everything will be machine controlled (You will not be employed). Machines are much cheaper and don’t talk back or go on strike or complain.

AND THE BANKS WILL BE IN CONTROL OF THE MACHINES.

 

 

 

1001 Services, Inc.
Michigan
121 Walnut Street Lessee Associates, LP
Pennsylvania
1215 Financial Center Associates Ltd.
Ohio
ABN AMRO Bank BV
Netherlands
ABN AMRO Holdings NV
Netherlands
Adam & Company Group PLC
Scotland
Adam & Company International Limited
Guernsey
Adam & Company International Trustees Limited
Guernsey
Adam & Company Investment Management Limited
Scotland
Adam & Company PLC
Scotland
Akaishi LLC
Delaware
Akasaka LLP
England
Alandor Investments B.V.
Netherlands
Albany Community Development, LLC
Delaware
Albojo (1) Limited
England
Alcorcon Properties SL
Spain
Aleutian LLC
Delaware
Aonach Mor Limited
England
Aqua Holdings S.a.r.l
Luxembourg
AR Mountain Range, LLC
Delaware
AR Mt. Joy LLC
Delaware Argentum LLC
Delaware
Asclepius LLC
Delaware
Augusta Acquisition Company, LLC
Delaware
Aviemore Investments Limited
England
Baie Placements S.à r.l.
Luxembourg
BFI 77 SCI
France
Bibit B.V.
Netherlands
Bibit France S.A.R.L.
France
Bibit Internet Billing Services N.V.
Belgium
Bibit Internet Payments Limited
England
Bibit Payments KK
Japan
Bibit S.L.
Spain
Bibit Secure Internet Payments Inc
Delaware
Bluegrass Acquisition Company, LLC
Delaware
Company Name
Country of
Incorporation
Page 2 of 16
Bordon Inversiones 2007 S.L.
Spain
Broadland Park Management Company Limited
England
Brunswick Acquisition Company, LLC
Delaware
Buchanan Holdings Limited
United Kingdom
C S Corporation
Delaware
Calanda Beteiligungs-, Finanz und Hadels-AG
Switzerland
Caledonian Tours Limited<