Thomas Sutherland (banker)

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Sir Thomas Sutherland
Thomas Sutherland, Vanity Fair, 1887-10-22.jpg
"P and O". Caricature by Ape published in Vanity Fair in 1887.
Chinese 蘇石蘭

Sir Thomas Sutherland, GCMG (Chinese: 蘇石蘭, 1834 – 1 January 1922) was a Scottish banker and Liberal Party politician. He founded The Hongkong and Shanghai Banking Corporation which was the founder member of HSBC Group and directed the P&O Company.

Sutherland was the son of Robert Sutherland of Aberdeen. Educated at Aberdeen University, he got his start clerking in the London office of the Peninsular and Oriental Steam Navigation Company (P&O). Soon after, P&O promoted Sutherland to superintendent, assigning him to Hong Kong to manage the firm's Asian operation.[1] In 1863 he became the first chairman of the Hong Kong and Whampoa Dock. In order to help finance the burgeoning trade between China and Europe, and explore the potential for China--United States trade, Sutherland established The Hongkong and Shanghai Banking Corporation in 1865[2] and became its first vice-chairman. He was appointed member of the Legislative Council of Hong Kong from 1865 to 1866. In 1872 he was appointed Managing Director of P & O.[3]

In November 1884, Sutherland was elected at a by-election as the Member of Parliament (MP) for Greenock.[4] He lost the seat at the 1892 general election, but was reinstated when his opponent was unseated on petition,[5] and held the seat until he stood down at the 1900 general election.[5]

The Sutherland Street in Sheung Wan, Hong Kong was named after him.

References[edit]

  1. ^ Winn, Christopher (2012). I Never Knew That About the Scottish. Random House. ISBN 1407028936. 
  2. ^ Finel-Honigman, Irene (2009). A Cultural History of Finance. Routledge. p. 116. ISBN 1135238510. 
  3. ^ Debretts Guide to the House of Commons 1886
  4. ^ Craig, F. W. S. (1989) [1977]. British parliamentary election results 1832–1885 (2nd ed.). Chichester: Parliamentary Research Services. p. 548. ISBN 0-900178-26-4. 
  5. ^ a b Craig, F. W. S. (1989) [1974]. British parliamentary election results 1885–1918 (2nd ed.). Chichester: Parliamentary Research Services. p. 510. ISBN 0-900178-27-2. 

External links[edit]

Parliament of the United Kingdom
Preceded by
James Stewart
Member of Parliament for Greenock
18841892
Succeeded by
John Bruce
(unseated on petition)
Preceded by
John Bruce
Member of Parliament for Greenock
1892–1900
Succeeded by
James Reid
Legislative Council of Hong Kong
Preceded by
Charles Wilson Murray
Unofficial Member
1865–1866
Served alongside: Francis Chomley, James Whittall
Succeeded by
Hugh Bold Gibb