Conservative Party Loans
On 31 March 2006 the Conservative Party published a list of 13 wealthy individuals and companies to whom it owed a total of £15.95 million:
-
- Henry Angest - £550,000 - Chairman and Chief Executive of the Arbuthnot Banking Group PLC
- Michael Ashcroft, Baron Ashcroft - £3.6 m
- Cringle Corporation - £450,000
- Dame Vivien Duffield - £250,000
- Johan Eliasch - £2.6 m
- Graham Facks-Martin - £50,000
- Michael Hintze - £2.5 m - owner of CQS Management
- Irvine Laidlaw, Baron Laidlaw - £3.5 m
- Alan Lewis - £100,000
- Raymond Richards (deceased) - £1 m
- Victoria, Lady de Rothschild - £1 m
- Leonard Steinberg, Baron Steinberg - £250,000
- Charles Wigoder - £100,000 - Chief Executive of Telecom Plus
-
- Total: £15,950,000
The identity of 10 backers it had repaid - including a number of foreign nationals - was not revealed. These loans had totalled £5 million. Some of these lenders were concerned not to reveal their identity fearing that it might compromise their existing business arrangements with the government. Their details, including one foreign backer, will be provided "in confidence" to the Electoral Commission. Initially the party had sought not to disclose to anyone the names of two lenders who requested confidentiality.
The party had an outstanding £16 million bank loan and £4.7 million was owed to local Conservative Party associations.
The Electoral Commission welcomed the decision to publish the list - but said it had written to the party asking for more details on the loan terms.
Read more about this topic: Cash For Honours, Loans
Other articles related to "party, conservative":
... The Italian Socialist Party (PSI) opposed the war on the grounds of internationalism, but a number of Italian revolutionary syndicalists supported intervention against Germany and Austria-Hungary on the grounds that ... action, proletarian nation theories, single-party states, and party-armies ... tactics, one thing is obvious the official Italian Socialist Party has been reactionary and absolutely conservative ...
Famous quotes containing the words conservative party, loans, conservative and/or party:
“Growing older, I have lost the need to be political, which means, in this country, the need to be left. I am driven into grudging toleration of the Conservative Party because it is the party of non-politics, of resistance to politics.”
—Kingsley Amis (1922–1995)
“The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations.... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.”
—John Kenneth Galbraith (b. 1908)
“The most radical revolutionary will become a conservative the day after the revolution.”
—Hannah Arendt (1906–1975)
““It is with Love as with Cuckoldom”Mthe suffering party is at least the third, but generally the last in the house who knows any thing about the matter.”
—Laurence Sterne (1713–1768)