Founded in 1694 by Scottish businessman William Paterson, English Bank is the Bank for the UK Government. William Paterson for borrowing £ 1.2 million Government, in return, he has the right to establish the Bank of England with the privilege of Government banks include release notes. Royal Decree valid right on 27th July, 1694. Financial markets were very poor at that time should be charged a loan interest rate to 8% a year plus a management fee of the loan is £ 4,000 per year. The Bank's first Governor was Sir John Hop-the portrait on £ 50 banknote released in 1990. The order was renewed in the year 1742, 1764 and 1781. Initially, the Bank headquarters was built on the site of the Temple of Mithras, Walbrook in London. The temple dates back to the birth of the city of London (Londinium) on the Roman camp. Mithras was regarded as the gods of commitment, consistent with the Bank's image. Sir Herbert Bakers to rebuild the headquarters of the Bank of England replacing the building was built by Sir John Soane. This new Office was Pevsner-the famous art historian and architect, described as "the greatest architectural crime in the city of London in the 20th century".
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