History
The Finance Board was established in 1962, although the Lieutenant Governor of the Isle of Man functioned as Chancellor of the Exchequer and gave the budget speech in Tynwald until the 1970s.
In 1986 the Finance Board was abolished and its functions transferred to the Treasury as part of the reorganisation of the Isle of Man Government on a ministerial basis.
Read more about this topic: Isle Of Man Treasury
Famous quotes containing the word history:
“There is nothing truer than myth: history, in its attempt to “realize” myth, distorts it, stops halfway; when history claims to have “succeeded” this is nothing but humbug and mystification. Everything we dream is “realizable.” Reality does not have to be: it is simply what it is.”
—Eugène Ionesco (b. 1912)
“Classes struggle, some classes triumph, others are eliminated. Such is history; such is the history of civilization for thousands of years.”
—Mao Zedong (1893–1976)
“There is a constant in the average American imagination and taste, for which the past must be preserved and celebrated in full-scale authentic copy; a philosophy of immortality as duplication. It dominates the relation with the self, with the past, not infrequently with the present, always with History and, even, with the European tradition.”
—Umberto Eco (b. 1932)