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Lloyds Banking Group sucks in 5430 million from British Treasury

by Guest3524  |  12 years, 8 month(s) ago

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Lloyds Banking Group  sucks in 5430 million from British Treasury.  Lloyds Banking Group, controlled by 43% by the British Government last sale of nonstrategic assets, mainly from the portfolio of Bank of Scotland, and hopes to receive another £ 5,000 million (5,430 million) by the additional Treasury as part of a new share issue in order to abandon the plan of government guarantees.

According to reports British newspaper The Guardian, the British Treasury would inject another £ 5,000 million (5,430 million) jobs in Lloyd's in connection with the issuance of new shares that the entity plans to raise funds sufficient to withdraw from the plan guarantee of government assets, which involves the payment of 15,700 million pounds (about 17,000 million) in commissions from public funds.

Lloyd's aims to get 25,000 million pounds (27,150 million euros) to leave this additional guarantee program, says the paper, which raises the possibility that the Treasury involved in the operation with the purchase of new shares amounting to 5,000 million pounds , which allow the State to maintain its stake in the bank.

The British institution and receive a new injection of public funds after the 17,000 million pounds (18,485 million) received after the rescue of HBOS bank, of which Lloyd's has managed to repay about 3,000 million pounds (3,262 million).

However, The Guardian said that negotiations between the two parties are still continuing and is expected to announce an agreement in the coming weeks. Also, the paper recalls that the British Government should also get approval from Brussels.

 Tags: 5430, banking, British, Lloyds, million, sucks, Treasury

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1 ANSWERS

  1. amomipais82
    Hi,
    he surface of the country is flat and parts of the circle are subject to
    iuundation during the rains. The principal products are rice, cotton and
    tobacco. The inhabitants of some of the villages are largely employed in
    the fisheries. Population in 1876, 3,623 land Revenue Rs. 6,916 and gross
    Revenue ; Rs. 20,598.

    AING-THA-BYOO. — A village in the Myenoo township, Bassein district,
    on the Bassein river, a short distance below Le-myet-hna, containing a popula-
    tion of over 600 souls,

    AING-TOON. — A small river in the Shwe-gyeen district, which rises
    in a spur of the Pegu Yomas and after a generally easterly course through
    the Anan-baw circle falls into the Tsittoung near the village of Doungmo.

    AKOUK-TOUNG. — The name given to the eastern extremity of a
    spur running down from the Arakan Yoma mountains which abuts on the
    Irrawaddy, less than a mile south of the boundary between the Henzada and
    Prome districts, in an abruptly scarped cliff some 300 feet high, artificially
    honeycombed with caves containing images of Gaudama Boodha and
    of Rahans : here the Irrawaddy enters the delta and gradually spreads out into
    numerous anastomosing creeks and rivers. This hill was the scene of two
    or three engagements between the English and the Burmese during the
    second Burmese war and it was here that Major Gardner was surprised and
    killed {vide Henzada district :—Histori/). The spur which terminates at
    Akouktouug formed the northern limit of the ancient Taking kingdom of
    Pe"-u, west of the Irrawaddy, and before the formation of the delta vpas a
    Customs station, whence the name " Customs Revenue Hill."

    AKYAB.— A town on the coast of Arakan, in 20° 8' N. and 92° 57' E.,
    at the mouth of the Kooladan river, the head -quarters of the Arakan division
    and of the Akyab district. Originally a Mug fishing village it was chosen
    as the chief station of the province of Arakan soon after the close of the first
    Ano-lo-Burmese war when the extreme unhealthiness of Mrohoung or old
    Arakan, the last capital of the ancient Arakanese kingdom and subsequently
    the seat of the Burmese governor of Rakhaing, rendered the removal of the
    troops and civil establishments a matter of necessity. The site, only fifteen
    feet above the level of the sea at half tide and with places below high-water
    mark, was laid out with broad raised roads, forming causeways, with deep
    ditches on either side. Owing principally to its situation, easily accessible
    by boats from the rich rice land in the interior and with a fine harbour
    formed by the mouth of the river, it soon became an emporium of trade
    and was resorted to by numerous ships seeking rice cargoes. A large influx
    of population took place from Chittagong, Ramoo and Cox's Bazaar in the
    Chittagong division of Bengal, and from Mrohoung, and the town rapidly
    increased in wealth and in importance. Though well laid out at starting and
    at first rapidly and then more gradually increasing in population and in size
    the want of labourers was a bar to any very great improvement, and the
    raising and metalling of the roads, digging ditches and tanks, filling up
    swamps, and planting trees had to be carried on almost entirely by convict
    labour. In 1836 the shops were found "well supplied with the diflPerent
    varieties of grain which are in use amongst the inhabitants of Bengal, from
    whence they are imported ; and British cloths, consisting of piece-goods,
    muslins and broad-cloths, cutlery, crockery, glass-ware and native manu-



    BRITISH BURMA GAZETTEER. 3

    factures" were exposed for sale. A few years later the troops were withdrawn
    and the cantonment abandoned except by the European civil officers. As
    years rolled on and commerce increased the town progressed and substantial
    houses were constructed.

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