- Fox, Fowler and Company
Fox, Fowler, and Company was a British
private bank, based in Wellington, Somerset. The company was founded in 1787 as a supplementary business to the main activities of the Fox family, sheep-herding and wool-making.
Like many other commercial banks of the time, Fox, Fowler, and Company was legally entitled to issue its own banknotes. However, when the Bank Charter Act was passed in 1844, no new banks could issue notes in England and Wales, and the number of note-issuing institutions fell gradually with financial sector consolidation. Fox, Fowler, and Company was the last commercial note-issuing bank in
England and Wales, until it was bought out by Lloyds Bankin 1921Peter Mathias, "The First Industrial Nation", Routledge, pp. 326, ISBN 978-0-415-26672-7] cite web
title= History of Lloyds TSB Bank
author= Lloyds TSB] . Under the terms of the 1844 act, the bank lost the legal right to issue banknotes upon its merger with Lloyds, and the
Bank of Englandbecame the sole note-issuing bank in England and Walescite web
title= A brief history of banknotes
author= Bank of England] .
Some commercial banks in
Scotlandand Northern Irelandretain the right to issue bank notes, but only the Bank of Englandmay now issue sterling bank notes in England and Wales.
Banknotes of the pound sterling
Bank of England note issues
* [http://www.britishmuseum.org/explore/highlights/highlight_objects/cm/f/fox,_fowler__co_%c2%a35_not.aspx The British Museum: A 1921 Fox, Fowler, and Company £5 note]
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