In page navigation
Board of Trade (UK)
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
Founded in 1786, the Board was a committee of the Privy Council; the last recorded full meeting of the Committe took place on 23 December 1850. The functions of the Committee were taken over by the President of the Board of Trade – a political appointment with a parliamentary secretary responsible for the textile industry, and three ministers of state, one for home industry and commerce, one for overseas trade and the third for shipping, the shipbuilding industry and tourism. The main functions of the Board concerned: (1) commercial relations with other countries including the promotion of exports and dealing with the General Agreement on Tariffs and Trade; (2) providing a link between home industry and the government and supervising regional development and redistribution of employment: (3) supervising all aspects of the shipping industry; (4) collecting, evaluating and publishing statistics relating to trade and industry regarding the United Kingdom and the Commonwealth, and also preparing censuses of production and distribution; (5) administrating long-term legislation on, for instance, patents, trade marks, copyrights, insurance companies, bankruptcy, and weights and measures: (6) various other activities with reference to new or temporary legislation concerning the country’s commerce. In 1972 the Board of Trade ceased to exist under that name though its function were taken oer by the newly created Department of Trade and Industry.
Reference: The Penguin Business Dictionary, 3rd edt.
More definitions
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >