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Walter Cunliffe

1911 Encyclopedia Britannica

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"WALTER CUNLIFFE, 1ST Baron (1855-1920), English banker, was born in London Dec. 4 1855, the son of Roger Cunliffe, a banker of the City of London. He was educated at Harrow and Trinity College, Cambridge, and entered upon. his banking career in the City in 1880, establishing ten years later the merchant banking business of Cunliffe Bros. He became a director of the Bank of England in 1895, was elected deputygovernor in 1911 and governor in 1913. He was, therefore, in office as governor when the World War broke out, and, after being raised to the peerage with the title of Baron Cunliffe of Headley in Dec. 1914, he was continued as such by successive reelections until 1918, a longer period than had ever been served before. During the whole of this period the deputy-governor was Mr. Brien Cokayne, who was knighted in 1917, and who, after succeeding Lord Cunliffe as governor, was created Lord Cullen of Ashbourne on his retirement in 1920. Lord Cunliffe was associated with the working out of all the chief financial problems during the war, and in 1917 accompanied Mr. Balfour on his financial mission to the United States. He died suddenly at Epsom Jan. 6 1920.