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Topic History of: Reading Sir Edward Lewis' fascinating No C-I-C
Max. showing the last 5 posts - (Last post first)
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JK2006 |
Correction - the last chapter, The Future, written in 1956, condemns the Capital Issues Committee (C.I.C) which stopped immediate purchase of foreign currency (like dollars) over £10,000.
Such financial moves needed to be sanctioned by the Bank of England or Treasury.
Again, oddly appropriate considering the recent lack of restrictions on banking and loans. |
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JK2006 |
No Commander In Chief! |
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DJones |
What does the title "No CIC" mean? |
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JK2006 |
Sir Edward was my mentor and dear friend; when he discovered the boy at No1 was at Trinity Cambridge (his alma mater from decades earlier) he insisted on meeting me and we not only became close friends but I ran his company for him a couple of times and he offered to give it to me on his death bed.
I refused as the condition was that I had to run it for the rest of my life and I hated being tied down (now, older, I wish I'd accepted).
His widow Jeannie sent me birthday cards until a couple of years ago (when I think, sadly, she passed away in Northern France). |
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DJones |
He made the same mistake as Guy Hands almost 80 years later: he bought into the record industry shortly before the bottom fell out.
But Lewis (who was a stock broker) found the right formula to save his company and revive the record industry: cheaper prices & promotion. |
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