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The Smithfield Gazette THE SMITHFIELD GAZETTE EDITION 153 July 2015 CITY GIVING DAY – A DAY WHEN THE CITY UNITES The Lord Mayor’s City Giving Day is on 30th September this year. It is a day on which the City can unite and celebrate the wide range of charitable and community work undertaken by so many working in the Square Mile. Companies and organisations in the City are being encouraged to get involved by registering on the website www.lordmayorsappeal.org/cgd and holding fundraisers, promoting their charitable work or simply making donations. In addition, companies will be encouraged to showcase their charity and community works in their foyers and reception areas so that their staff and visitors can see what they are doing. The Lord Mayor intends to walk the streets of the City on 30th September to meet the people and organisations engaged in City Giving Day and celebrate their achievements. I would urge Smithfield Market Tenants to join in. Greg Lawrence CC Chairman, Smithfield Market Tenants’ Association LORD MAYOR’S ANNUAL VISIT EUROPE AND THE CITY TO SMITHFIELD MARKET The question of the City’s position on the EU This year’s visit to Smithfield by the Lord Mayor, referendum was raised at Court of Common Alderman Alan Yarrow, takes place on Tuesday Council on 25th June. Polling in the City had been 28th July. undertaken in 2013 before the general election, but since there would now definitely be a The Mayoral party will tour the Market with the referendum, the emphasis should be on finding Chairman of the Tenants’ Association, Greg out from City businesses what reforms to Lawrence, and the Market Superintendent, European rules and regulations would most assist Robert Wilson. Following the tour, the visitors them and their businesses. The results of this will attend a breakfast hosted by the Smithfield exercise could then be used in negotiations to Market Tenants’ Association which will be held in achieve better protection for the UK’s financial Haberdashers’ Hall. Some 120 guests are services, insurance markets and other businesses. expected to attend, including members of the Alex Deane made the point that declaring our Court of Common Council, officers of the City of hand now would undermine the UK’s credibility London, representatives of Crossrail and a wide in negotiations. If all the polling indicates that range of other organisations with links to the there will be a vote to stay in, there is no Market. incentive for the EU to concede anything. SMITHFIELD GAZETTE 1 Printed & distributed by Smithfield Market Tenants’ Association, 225 Central Markets, London, EC1A 9LH Telephone 020 7248 3151 Fax 020 7329 6464 Email [email protected] THE SMITHFIELD GAZETTE IN MY OPINION COMMENT I was elected to Common Council in 1994 The Lord Mayor, Alderman Alan Yarrow, should be representing the Ward of Tower, and having served applauded for raising the profile of City Giving Day, on various committees including Finance, Planning & this year on 30th September, by promising to walk the Transportation, Housing, Markets, Culture, Heritage streets of the City and meet as many people as he can and Libraries in the intervening period, was elected Chairman of the Finance Committee for a five year to hear their inspiring and powerful stories and term in 2011. celebrate their achievements. The Finance Committee plays an important role in the On Europe, the question of the UK’s continued finances of the City of London Corporation. It provides membership, the referendum and the position of the careful stewardship of the City Corporation’s funds City of London was raised in questions to Policy and controls a number of functions which are of Chairman, Mark Boleat. The point was made that the fundamental importance to the City Corporation and City’s focus was too much on the ultimate referendum the way in which it works. Its principal responsibilities are the development of fiscal and information decision and not enough on what could be achieved in systems, maintaining overall control of income and the negotiations beforehand. There was confusion expenditure, and ensuring that the City Corporation about the role of the Policy Chairman in this matter – achieves value for money in all its activities. who does he speak for – the City, the UK or the Corporation of London? The Chairman seemed The Committee is responsible for setting the annual uncomfortable with the line of questioning. City City’s Council Tax, Business Rates Premium and voters need clear answers – who speaks for us? Budgets, and recommending them to the Court of Common Council for approval, and also recommending the annual audited accounts for the various funds and the City of London Pension Scheme JUPITER LONDON NOCTURNE to the Court of Common Council for approval. CYCLE RACING, SMITHFIELD There are three funds which the City Corporation uses to pay for the work that the committee oversees. Thousands of spectators filled the streets around Smithfield Market on the afternoon and evening City Fund is probably the most easily recognisable of of Saturday 6th June for a packed programme of the three funds as it meets the cost of the City of cycle racing ranging from folding bikes, penny London’s local authority activities. It pays for our local farthings and Santander Cycle Hire to elite cycle policing, our port health services, our art and cultural racing with world-class competitors. The climax work, our environmental, planning and highways of the racing were the Schwalbe Elite Women’s services, children, education and adult social care, Criterium, won by Katie Archibald of Pearl Izumi housing services, courts and central services at Sports Tours International and the Santini Elite Guildhall. It is funded by non-domestic business rates Criterium won by Ed Clancy of JLT Condor. This (of which we keep less than 10% of the amount we was the ninth year the event had been held at collect – the balance being redistributed by central Smithfield and the first year with a reversed government as grants to local councils across the UK), circuit. To avoid interfering with the operations council tax from residents, government grants, and of the Market, work on the circuit and ancillary income from our cash balances and property facilities starts at noon on the day before the investments. races and everything has to be dismantled again by late Sunday afternoon – a feat in itself. City’s Cash is a combination of funds built up over eight centuries from donations and legacies, which have been invested in property and the stock market. Quote of the Month The investment income is used to pay for the support and promotion of the City and its services to greater “Somebody should tell us, right at the start London and beyond. These services include the work of Smithfield, Billingsgate and Leadenhall Markets, the of our lives, that we are dying. Then we Lord Mayor in promoting financial services and UK might live life to the limit, every minute of trade overseas, and the management and every day. Do it! I say. Whatever you want conservation of over 11,000 acres of open spaces in to do, do it now! There are only so many the London area (including Epping Forest and tomorrows.” Hampstead Heath). It also covers our ongoing work in surrounding boroughs and beyond in helping support Pope Paul VI education, training and employment opportunities for young people. SMITHFIELD GAZETTE 2 Printed & distributed by Smithfield Market Tenants’ Association, 225 Central Markets, London, EC1A 9LH Telephone 020 7248 3151 Fax 020 7329 6464 Email [email protected] Bridge House Estates is the third fund and was Parsons, John Best Surrey and in the early seventies originally set up through bridge taxes, rent and private 78% of Boucheries Bernard Paris. bequests to deal with the upkeep of London Bridge. Its investment income now funds the maintenance of Matthews kept a family business feel despite being a the London bridges for which we have responsibility – large retail chain. A depot in St Johns Lane, Tower, London, Southwark, Millennium and Smithfield, was opened in the 1970s and Smithfield Blackfriars Bridges, at no cost to the public. The Market became the most important ingredient in investments have been managed efficiently over the their success, without which it would not have been centuries enabling us to also help charitable causes able to develop rapidly into the flexible retail chain it across Greater London through the City Bridge Trust, became. which makes grants amounting to around £15m every year from investment income. The decision to build a factory at Thamesmead to service shops, amalgamating Knightsbridge I am enjoying my tenure as Chairman of Finance in manufacture, boning lines, primal cuts, vac packed what has proven to be a challenging and demanding extensive refrigeration delivered by fridge trucks economic background, where often, to do nothing is proved a bad one. Matthews had to get back to not an option, and efficiencies have to be made. In my Smithfield fast. Smithfield traders welcomed them opinion, the responsibilities provide a unique insight and Matthews were back on speed. into all aspects of the Corporation’s activities, and I am grateful for the positive help and support that I In the mid 1960's Matthews bought CF Freeman and receive from both Members and Officers. their young buyer, Tony Miserotti, joined them. Tony and Paul Waby hit it off straight away, working in an Roger Chadwick CC atmosphere of fun and responsibility. Matthews was Chairman of Finance led by Eric Davies, a tremendous man, larger than life, tough military style; all the young buyers respected him. Miserotti and Paul thought the world of Eric THE MATTHEWS STORY Davies, a truly legendary figure.
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