Lucius Thompson-McCausland
Encyclopedia
Lucius Perronet Thompson-McCausland (1904 - 16 February 1984) was a British
economist who took part in the Bretton Woods conference and was a Treasury
adviser during the sterling crisis
in the 1960s.
Thompson was the son of Sir John Thompson and his wife Ada Tyrrell. His father was Chief Commissioner of Delhi
between 1928 and 1932. He was educated at Repton School
and was a scholar at Kings College, Cambridge. He joined Herbert Wagg & Co in 1928 and the Financial News, and Moody's
Economist service in 1929. He left the Financial News in 1934 and in 1939 left Moody's and joined the Bank of England
as a temporary clerk and was assistant adviser from 1941 to 1949. He assumed the surname Thompson-McCausland by Royal Licence on the 16th April 1942 on his marriage, in accordance with family settlement.
Thompson-McCausland had important roles at the Bank of England and accompanied John Maynard Keynes
to the Bretton Woods conference in 1944 and, after Keynes' death in 1946, to the Havana Conference in 1948. He was advisor to the Governor of the Bank of England from 1949 until 1965. He became a governor of Repton School in 1953 and was chairman of the Governors from 1959 to 1970. From 1964 to 1969 he was chairman of the Corporation of Working Men's Colleges
. In 1965 he left the Bank of England and became a Director of Dun and Bradstreet until 1975. He was living at Epcombs, Hertingfordbury
, Hertfordshire
, and was High Sheriff of Hertfordshire
from 1965 to 1966. From 1965 to 1968, he was a consultant to the Treasury on the international monetary problems. In 1967 he became a Director of Tricentrol Ltd, becoming chairman in 1970. He also re-joined Moody's in 1970. From 1969 to 1980 he was principal of the Corporation of Working Men's Colleges. In 1975 he left Dun and Bradstreet and Moodys, and in 1976 he left Tricentrol. He described his recreations as gardening and travel. He died on 16 February 1984.
Thompson married Helen Laura McCausland on 30 April 1930. She was the elder daughter of Maurice Marcus McCausland of Drenagh
and his wife Eileen Ogilby, and was born on 6 April 1903. They had children Marcus born in 1931, Marianne born in 1932, Dominick born in 1936 who died in infancy, Benedict born in 1938, Eileen born in 1939 and Emma born in 1942. Marcus became a clergyman. Benedict rowed in the Boat Race for Cambridge
and became a banker. Emma married Dr Henry Armstrong; they are the parents of Alexander Armstrong
.
British people
The British are citizens of the United Kingdom, of the Isle of Man, any of the Channel Islands, or of any of the British overseas territories, and their descendants...
economist who took part in the Bretton Woods conference and was a Treasury
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
adviser during the sterling crisis
Currency crisis
A currency crisis, which is also called a balance-of-payments crisis, is a sudden devaluation of a currency caused by chronic balance-of-payments deficits which usually ends in a speculative attack in the foreign exchange market. It occurs when the value of a currency changes quickly, undermining...
in the 1960s.
Thompson was the son of Sir John Thompson and his wife Ada Tyrrell. His father was Chief Commissioner of Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
between 1928 and 1932. He was educated at Repton School
Repton School
Repton School, founded in 1557, is a co-educational English independent school for both day and boarding pupils, in the British public school tradition, located in the village of Repton, in Derbyshire, in the Midlands area of England...
and was a scholar at Kings College, Cambridge. He joined Herbert Wagg & Co in 1928 and the Financial News, and Moody's
Moody's
Moody's Corporation is the holding company for Moody's Analytics and Moody's Investors Service, a credit rating agency which performs international financial research and analysis on commercial and government entities. The company also ranks the credit-worthiness of borrowers using a standardized...
Economist service in 1929. He left the Financial News in 1934 and in 1939 left Moody's and joined the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
as a temporary clerk and was assistant adviser from 1941 to 1949. He assumed the surname Thompson-McCausland by Royal Licence on the 16th April 1942 on his marriage, in accordance with family settlement.
Thompson-McCausland had important roles at the Bank of England and accompanied John Maynard Keynes
John Maynard Keynes
John Maynard Keynes, Baron Keynes of Tilton, CB FBA , was a British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, as well as the economic policies of governments...
to the Bretton Woods conference in 1944 and, after Keynes' death in 1946, to the Havana Conference in 1948. He was advisor to the Governor of the Bank of England from 1949 until 1965. He became a governor of Repton School in 1953 and was chairman of the Governors from 1959 to 1970. From 1964 to 1969 he was chairman of the Corporation of Working Men's Colleges
Working Men's College
The Working Men's College- WMC, being among the earliest adult education institutions established in the United Kingdom, is Europe's oldest extant centre for adult education and perhaps one of its smallest...
. In 1965 he left the Bank of England and became a Director of Dun and Bradstreet until 1975. He was living at Epcombs, Hertingfordbury
Hertingfordbury
Hertingfordbury is a small village and civil parish in Hertfordshire, England, close to the county town of Hertford. It was mentioned in the Domesday Book.-Location:...
, Hertfordshire
Hertfordshire
Hertfordshire is a ceremonial and non-metropolitan county in the East region of England. The county town is Hertford.The county is one of the Home Counties and lies inland, bordered by Greater London , Buckinghamshire , Bedfordshire , Cambridgeshire and...
, and was High Sheriff of Hertfordshire
High Sheriff of Hertfordshire
The High Sheriff of Hertfordshire was an ancient High Sheriff title originating in the time of the Angles, not long after the invasion of the Kingdom of England, which was in existence for around a thousand years...
from 1965 to 1966. From 1965 to 1968, he was a consultant to the Treasury on the international monetary problems. In 1967 he became a Director of Tricentrol Ltd, becoming chairman in 1970. He also re-joined Moody's in 1970. From 1969 to 1980 he was principal of the Corporation of Working Men's Colleges. In 1975 he left Dun and Bradstreet and Moodys, and in 1976 he left Tricentrol. He described his recreations as gardening and travel. He died on 16 February 1984.
Thompson married Helen Laura McCausland on 30 April 1930. She was the elder daughter of Maurice Marcus McCausland of Drenagh
Drenagh
Drenagh is a 19th century house and garden in Limavady, County Londonderry, Northern Ireland. The property is located on the road to Coleraine....
and his wife Eileen Ogilby, and was born on 6 April 1903. They had children Marcus born in 1931, Marianne born in 1932, Dominick born in 1936 who died in infancy, Benedict born in 1938, Eileen born in 1939 and Emma born in 1942. Marcus became a clergyman. Benedict rowed in the Boat Race for Cambridge
Cambridge University Boat Club
The Cambridge University Boat Club is the rowing club of the University of Cambridge, England, located on the River Cam at Cambridge, although training primarily takes place on the River Great Ouse at Ely. The club was founded in 1828...
and became a banker. Emma married Dr Henry Armstrong; they are the parents of Alexander Armstrong
Alexander Armstrong (comedian)
Alexander Henry Fenwick Armstrong is a British comedian, actor and television presenter.-Early life and career:Armstrong was born in Rothbury, Northumberland, the youngest of three children, to Henry Angus Armstrong and his wife Emma Virginia Peronnet Thompson-McCausland, daughter of Lucius...
.