Thursday, 11 April 2013

Luncheon for Masters and Clerks at the Worshipful Company of Actuaries at Staple Inn Hall Wednesday 10th April.

The Actuaries, at number 91 in precedence, became a Company a year after the Marketors and are deeply involved in the Financial Services Industry, not only in London but all over the world. Both of us are members of the FSG (Financial Services Group) of Livery Companies, and we have worked together on the various Lord Mayor’s initiatives restoring the values and integrity of the City as well as joining us on various Think Tank activities.
Staple Inn, London, has been used by actuaries since 1887 when the Institute of Actuaries was first based here. Over its history it has been as an Inn of Chancery for younger members of the legal profession and then a principal office for the Actuarial Profession, and continues to be a meeting venue for actuaries. Many actuaries around the world consider it their "home", rather as we do The Chartered Institute of Marketing at Cookham.
The earliest reference to Staple Inn can be traced back to Norman times. In 1292 the site housed a building known as le Stapled Halle, which was probably a covered market as it means in today's French word halle.  The 'Staple' derived from a duty on wool that was introduced in 1275 at the 'request of the communities of merchants' with the intention that the burden of tax should fall on the foreign buyers of wool.
It is not clear how the Society of Staple Inn, an organisation of lawyers, came into being. The evidence available suggests that it did so from 1415 when the name Staple Inn appears to have been first used by lawyers and students who formed the Grand Company and Fellows of Staple Inn. By 1586, its status was established as an 'Inn of Chancery', a medieval school providing primary training in legal practice, and a college in the 'Third University' in London, junior to the 'Inns of Court'. Staple Inn was most associated with Gray's Inn, an Inn of Court, on the opposite side of Holborn.
Inside the current Hall, some early stained glass windows have features contemporary to the site's origins as a venue for merchants and to the Tudor period. Other windows commemorate early Fellows of Staple Inn, as well as Tudor and Stuart monarchs and judges.

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