Duties ranged from the shipment of personal effects to the requisition of weapons or supplies. Cox had taken on the most prestigious infantry regiment, and the 63rd Regiment and the Royal Artillery soon followed.
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In Cox went into partnership with Henry Drummond, whose family ran the London bank. Success was built on the company's reputation for keen attention to the welfare of its regiments. In , for instance, when Robert Clive stormed the fortress of Gheria in India, Cox successfully negotiated with the East India Company who had "borrowed" stores from Cox's clients, the Royal Artillery. He arranged to receive repayment from the East India Company by way of plunder from Gheria.
He had this converted into silver in India and shipped back to London where the funds were returned to the Royal Artillery. Back home, Cox's house on Albemarle Street opposite the present-day Ritz Hotel was known for its parties. In addition, he was a patron of the arts, being acquainted with David Garrick and other notable actors of the time, and was a founding financial investor in the rebuilding of the Theatre Royal in Drury Lane. During the s the company continued to grow, aided by war in the American Colonies and the threat of invasion from France. Cox repeated his good fortune with business partners, taking in Mr Mair upon Drummond's death in , followed by his own son Richard Bethell Cox in and then Mr Greenwood in It was during this time that the company expanded its banking interests, offering loans and accounts to exclusive members of London's elite.
Greenwood replied rather cheekily that, "I think it is rather his Royal Highness who keeps my money", to which George III burst out in laughter and said, "Do you hear that Frederick?
Do you hear that? You are the gentleman who keeps Mr Greenwood's money! The company was thriving by the time of the outbreak of war with France in , employing some 35 clerks.
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In they served 14 regiments of cavalry, 64 infantry regiments, and 17 militia regiments, becoming the largest military agent for the army. Richard Cox died in August , leaving his grandson Richard Henry Cox firmly established, with Greenwood as a controlling partner.
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The company set up five branches in India between and During the war some , men were on their books, 50, cheques were cleared a day and a special department was set up to deal with the influx of American soldiers in By the end of the war, some 4, people worked for the firm. King Bank , who had a large network of branches in India. They also moved into new offices in Pall Mall. During the s, Lloyds sold its Indian interests to Grindlays Bank , who also took the travel and shipping agencies, which continued to flourish in India. The overseas stocks were also listed on the Luxemburg Stock Exchange.
In , Grindlays divested its non-banking activities because of governmental regulations. It also branched out into special interest holidays for artists, botanists and natural historians. The latter is a dedicated wholesaler of products and services to other tour operators.
It also offers ground handling capabilities in select geographies. East India Travel Company, Inc. Bentours also continues to trade under its brand name. LateRooms is an online hotel booking specialist in the UK. It offers a range of accommodation options with over 54, properties globally, which can be booked up to a year in advance. In India, it distributes its products and services through points of presence covering cities comprising 12 branch sales offices, franchisee sales shops, and 86 agents as of September From Wikipedia, the free encyclopedia.
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This article needs to be updated. Please update this article to reflect recent events or newly available information. December The common European currency continues to surge against major currencies and the Swiss franc is no exception. The pair has continued the bullish movement since the last time Dukascopy research team reviewed the currency pair. During the surge, the pair has reached a new high and has broken the previously mapped channel. Meanwhile, in regards to the future movement, the pair is likely to breach the dashed line, which is the support of the daily dominant channel.
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