THE STORY OF "LLOYD'S"

Evening Post, Volume CII, Issue 32, 6 August 1921, Page 6

THE STORY OF "LLOYD'S"

"Lloyd's," which finds the present Royal Exchange quarters too. small for its increasing business and will be compelled shortly to acquire more spacious accommodation somewhere in the city, states the Manchester Guardian, arose, like most other British institutions, from a very modest origin. It can be traced back to a oasual gathering of merchants, shipowners, and' .sea captains who met and talked more than 200 years ago at a coffee house kept by Edwan} Lloyd, first in Tower-street, and afterwards in Lom-bard-street. Since its removal to the present quarters in the south-east corner of the Royal Exohange—where beneTolent underwriters will quote a premium for every imaginable form of risk, from the foundering of an ocean liner to the loss of a silk hat —the society has been divided into "underwriting members," "non-underwriting members," and "annual subsoribera." " To one of the latter classes, most London merchants in a large way of business find it well worth while to belong. "Lloyd's" has long since overflowed into Fenchurch-street, where, in a fine building with beautiful 'friezes and marbles, the Shipping Registry is now conducted by a separate department.