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Updated: May 25, 2025
Born, 1841; entered Navy, 1854; took part in 1860 in the Capture of Canton and the Peiho Forts; Crimean War, 1855; China War, 1859-60; Egyptian War and Bombardment of Alexandria, 1882; Lord of the Admiralty, 1892-97; Commander-in-Chief, North American Station, 1897-99; Mediterranean Station, 1899-02; Commander-in-Chief, 1903-1904; 1st Sea Lord, 1904-10; 1914-15; died, 1920.
In all its history of more than twenty years the company had never paid any interest on the government debt nor had it maintained a sinking fund to meet the principal when due. Consequently, the accruing interest had mounted year by year and, should the Government enforce payment at maturity in 1897-99, the company would be doomed to bankruptcy.
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