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One great article of manufacture and export, however, down to this period, continued to be that of our woollens. To guard this manufacture many Acts had been passed at different times, prohibiting the exportation of the raw material. Immediately after the Revolution a fresh Act of this kind was passed, and such was the jealousy even of the Irish and of our American colonies weaving woollen cloths, that, in 1689, an Act was passed prohibiting the exportation of wool or woollen goods from Ireland or our plantations to any country except England. Having taken measures thus to confine as much as possible the profit of the woollen manufacture to England, the next year, which saw all protecting duties taken off corn, saw also leave given for the exportation of woollen cloths duty-free from England to any part of the world. Sir William Davenant estimates the value of the yearly growth of wool in England at this time at about 2,000,000, and the value of its woollen manufactures at 8,000,000. He calculates that one-fourth of this amount was exported. In 1738 Mr. John Kay invented the mode of casting the shuttle by what is called a "picking-peg," by which means the weaver was enabled to weave cloths of any width, and throw off twice the quantity in the same time. In 1758 the Leeds Cloth Hall was erected, and, about twenty years afterwards, a hall for white cloths.CHAPTER III. REIGN OF GEORGE III. (concluded).
ONE:Meanwhile the country continued to suffer from a great wave of trade depression. Gloom and discontent were throughout the land; and the Home Secretary of the new Administration afterwards stated that there was hardly a day during this period when he had not found it necessary to have personal communication with the Horse Guards, as well as with the heads of the police in the metropolis, and in the manufacturing districts. There seemed, indeed, to be no limit to the distress of the people. In Carlisle a committee of inquiry into the state of the town reported that one-fourth of their population was living in a state bordering on absolute starvation. In a population of 22,000 they found 5,561 individuals reduced to such a state of suffering that immediate relief had become necessary to save them from actual famine. Terrible accounts from other and far distant neighbourhoods showed how widespread was the evil. The manufacturers of the West of England appointed a committee to consider the distressed state of that district. Taking the town of Bradford, in Wilts, as an example, the committee reported that of the nineteen manufacturers carrying on business there in 1820, nine had failed, five had declined business from want of success, one[486] had taken another trade, and two only remained. Of 462 looms, 316 were entirely out of work, and only 11 in full employment; and this distress, it must be remembered, could not be traced to one great overwhelming cause, like that of the failure of the cotton supplies of a later day. The blight that had spread over the field of British industry was to most men a puzzle; but the West of England committee, after reporting that the same condition of things existed at Chalford, Stroud, Ulley, Wotton, Dursley, Frome, Trowbridge, etc., did not hesitate to declare that the depression of trade that was destroying capital, and pauperising the working classes was attributable to the legislation on the principle of protection. A public meeting was held at Burnley in the summer of 1842 to memorialise the Queen on the prevailing distress. At a great public conference of ministers of religion, held in Manchester in the previous autumn, it had been resolved that the existing Corn Laws were "impolitic in principle, unjust in operation, and cruel in effect;" that they were "opposed to the benignity of the Creator, and at variance with the very spirit of Christianity." This conference, which extended over an entire week of meetings, held both morning and evening, was attended by nearly 700 ministers. Their proceedings filled an entire volume, and attracted considerable attention throughout the kingdom. Similar conferences were afterwards held in a great number of towns.Lord North soon found himself briskly assailed in both Lords and Commons. In the former, Chatham was not so happy in amalgamating the parties of Rockingham and Grenville as he hoped; but he had staunch friends and oppositionists in Lords Camden, Shelburne, and Stanhope, and in the Commons he was as warmly supported by Barr, Beckford, Calcraft, and Dunning. On the 2nd of March a motion was also made in the Lords for an Address to the king, praying him to increase the number of seamen in the navy; and it was made to introduce strong censures on the dismissal of able officers for their votes in Parliament. On this occasion Chatham loudly reiterated the old charge of the royal councils being influenced by favourites. "A long train of these practices," he said, "has convinced me that there is something behind the throne greater than the throne itself." He referred to Mazarin, of France; and as Bute was just at this period gone to Turin, he added, "Mazarin abroad is Mazarin still!" It is not to be supposed that Bute had any secret influence whatever at this period; but the people still believed that he had, and that two men especially were his agents with the kingBradshaw, commonly called "the cream-coloured parasite," and Dyson, both placemen and members of the Commons. Probably, Chatham had a secondary objectto punish these men, who with Rigby, the parasite of the Duke of Bedford, were continually running about endeavouring to depreciate the efforts of the more competent, to whom they were pigmies, saying, "Only another mad motion by the mad Earl of Chatham." Grafton, though now out of office, repelled the insinuation of secret influence with indignation. This charge of Chatham's was followed up, four days after, by a most outspoken[200] remonstrance from the Corporation of London. It was carried up to St. James's on the 14th of March by Beckford, the Lord Mayor, and two hundred and twenty Common Councilmen and other officers. Beckford read the Address, which charged secret counsellors, and a corrupt majority of the House of Commons, with depriving the people of their rights. It declared that the House of Commons did not represent the people, and called upon the king to dissolve it. His Majesty received the Address with manifest signs of displeasure, and the courtiers, who stood round, with actual murmurs and gesticulations of anger.

Guiding our corporate vision for success

HKBN is steered by a Board of Directors that intermingles a range of expert abilities for visionary thinking. Our board consists of eight Directors, comprising two Executive Directors, three Non-executive Directors and three Independent Non-executive Directors.

Bradley Jay HORWITZ
Bradley Jay HORWITZ
Chairman and Independent Non-executive Director

Bradley Jay HORWITZ was appointed as the Chairman and an Independent Non-executive Director of the Company on 6 February 2015. In 2005, Mr. Horwitz founded Trilogy International Partners and has served as president and chief executive officer since it was established.

Bradley Jay HORWITZ was appointed as the Chairman and an Independent Non-executive Director of the Company on 6 February 2015. In 2005, Mr. Horwitz founded Trilogy International Partners and has served as President and Chief Executive Officer since it was established. Trilogy International Partners was established to acquire wireless international assets in Haiti and Bolivia and to develop additional international wireless assets, primarily in South America and the Caribbean. Prior to establishing Trilogy International Partners, Mr. Horwitz served as President of Western Wireless International, having founded the company in 1995 while also serving as an Executive Vice President of Western Wireless Corporation. Previously, he was a founder and Chief Operating Officer of SmarTone Mobile Communications Limited. Mr. Horwitz graduated from San Diego State University, U.S. with a Bachelor of Science Degree in 1978.

William YEUNG
Chu Kwong YEUNG (William YEUNG)
Executive Director

Chu Kwong YEUNG is the Executive Vice-chairman of the Group and an Executive Director of the company. Mr. Yeung joined the Group in October 2005 as Chief Operating Officer and became Executive Vice-chairman in September 2018.

Chu Kwong YEUNG is the Executive Vice-chairman of the Group and an Executive Director of the company. Mr. Yeung joined the Group in October 2005 as Chief Operating Officer, responsible for overseeing customer engagement, relationship management and network development. In November 2008, he was appointed as Chief Executive Officer and became Executive Vice-chairman in September 2018. Prior to joining the Group, Mr. Yeung was Director of Customers Division at SmarTone Mobile Communications Limited, and served as a police inspector with the Hong Kong Police Force. Mr. Yeung holds a Bachelor of Arts Degree from Hong Kong Baptist University, a Master of Business Administration Degree from the University of Strathclyde, U.K., and a Master of Science Degree in Electronic Commerce and Internet Computing from The University of Hong Kong. Mr. Yeung was recognised as Champion of Human Resources by The Hong Kong HRM Awards 2010. Mr. Yeung is one of our proud Co-Owners.

Ni Quiaque LAI (NiQ LAI)
Ni Quiaque LAI (NiQ LAI)
Executive Director

Ni Quiaque LAI (NiQ LAI) is the Chief Executive Officer of the Group, and an Executive Director of the company. Mr. Lai joined the Group in May 2004. He has rich experience in the telecommunications, research and finance industries, and is passionate about developing HKBN Talents because he believes if you get the people right, the company will do great. Prior to joining the Group, Mr. Lai was an analyst and the Director and Head of Asia Telecom Research for Credit Suisse, where he was involved in numerous global fund raising initiatives for Asian telecom carriers.

Ni Quiaque LAI (NiQ LAI) is the Chief Executive Officer of the Group, and an Executive Director of the company. Mr. Lai joined the Group in May 2004. He has rich experience in the telecommunications, research and finance industries, and is passionate about developing HKBN Talents because he believes if you get the people right, the company will do great. Prior to joining the Group, Mr. Lai was an analyst and the Director and Head of Asia Telecom Research for Credit Suisse, where he was involved in numerous global fund raising initiatives for Asian telecom carriers. Mr. Lai holds a Bachelor of Commerce Degree from the University of Western Australia, and an Executive Master of Business Administration Degree from Kellogg-HKUST, Hong Kong. He is a Fellow member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and CPA Australia. In March 2016, he was recognised as Best CFO by FinanceAsia Survey of Asia's Best Companies 2016 (Hong Kong). Mr. Lai is one of our proud Co-Owners.

Deborah Keiko ORIDA
Deborah Keiko ORIDA
Non-executive Director

Deborah Keiko ORIDA was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 20 November 2015. Ms. Orida is the Senior Managing Director & Global Head of Active Equities at Canada Pension Plan Investment Board (“CPPIB”), a substantial shareholder (as defined in Part XV of the Securities and Futures Ordinance) of the Company.

Deborah Keiko ORIDA was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 20 November 2015. Ms. Orida is the Senior Managing Director & Global Head of Active Equities at Canada Pension Plan Investment Board (“CPPIB”), a substantial shareholder (as defined in Part XV of the Securities and Futures Ordinance) of the Company. Ms. Orida joined CPPIB in 2009 in Toronto and has held senior leadership roles, including Managing Director, Head of Relationship Investments International, covering Europe and Asia, and was most recently Managing Director and Head of Private Equity Asia. Ms. Orida is responsible for leading Active Fundamental Equities, Relationship Investments, Thematic Investing, Fundamental Equities Asia and Sustainable Investing. Prior to joining CPPIB, Ms. Orida was an investment banker at Goldman Sachs & Co. in New York and Toronto where she advised management teams and boards on mergers and acquisitions and financing transactions. Prior to Goldman Sachs & Co., Ms. Orida was a securities lawyer at Blake, Cassels & Graydon in Toronto. Ms. Orida previously served on the Board of Directors of Nord Anglia Education and the Board of Directors of the Investment Committee of the Bridgepoint Health Foundation and was the Chair of the Board of Directors of Vitalhub Corp., a mobile healthcare startup company. Ms. Orida holds a Master of Business Administration from The Wharton School and a Bachelor of Laws and a Bachelor of Arts from Queen’s University, Canada.

Zubin Jamshed IRANI
Zubin Jamshed IRANI
Non-executive Director

Zubin Jamshed IRANI was appointed as a Non-executive Director, a member of the Audit Committee and a member of Remuneration Committee of the Company on 30 April 2019. Mr. Irani is a Partner with TPG Capital and leads the Asia Operations Group. He brings over 20 years' experience in building strong teams, driving performance and managing change within businesses.

Zubin Jamshed IRANI was appointed as a Non-executive Director, a member of the Audit Committee and a member of Remuneration Committee of the Company on 30 April 2019. Mr. Irani is a Partner with TPG Capital and leads the Asia Operations Group. He brings over 20 years' experience in building strong teams, driving performance and managing change within businesses. At TPG Capital, Mr. Irani has worked in the consumer, healthcare, financial services, telecom and technology sectors. Prior to TPG Capital, Mr. Irani was with United Technologies Corporation ("UTC") where he led the business in India which included Carrier Air-conditioning and Refrigeration, Otis Elevators and UTC Fire & Security. Mr. Irani started his career at McKinsey & Company and worked in the Cleveland, Detroit, Copenhagen and Mumbai offices, serving several multi-national clients with a focus on automotive, industrial and post merger management. Mr. Irani holds a Masters in Materials Science and Engineering from Massachusetts Institute of Technology, U.S. and a Bachelor of Technology in Materials Engineering from Indian Institute of Technology Kanpur, India.

Teck Chien KONG
Teck Chien KONG
Non-executive Director

Teck Chien KONG was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 30 April 2019. Mr. Kong is a Partner at MBK Partners and is based in Hong Kong. With extensive investment experiences in both the telecommunication and media industries, he has led MBK Partners’ investments in WTT Holding Corp, China Network Systems Co., Ltd. and Gala TV Corp.

Teck Chien KONG was appointed as a Non-executive Director and a member of the Nomination Committee of the Company on 30 April 2019. Mr. Kong is a Partner at MBK Partners and is based in Hong Kong. With extensive investment experiences in both the telecommunication and media industries, he has led MBK Partners’ investments in WTT Holding Corp, China Network Systems Co., Ltd. and Gala TV Corp. Prior to MBK Partners, Mr. Kong spent five years at Carlyle Asia Partners, where he was Vice President and co-head of the Singapore office, and three years in the investment banking division at Salomon Smith Barney in New York and Hong Kong. Mr. Kong currently serves on the Board of Directors of Apex International Corporation, Teamsport Topco Limited and Siyanli Co. Ltd., and has experience serving on Board of Directors of Beijing Bowei Airport Support Limited, China Network Systems Co., Ltd., Gala TV Corp., GSE Investment Corporation, Luye Pharma Group Ltd and WTT HK Limited. Mr. Kong holds a Bachelor of Business Administration from the University of Michigan Business School, U.S., and has completed an executive management programme at Harvard Business School, U.S..

Stanley CHOW
Stanley CHOW
Independent Non-executive Director

Stanley CHOW was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Chow has over 21 years of experience as a corporate lawyer in Hong Kong and Canada, including more than 18 years of expertise in dealing with the Stock Exchange's Listing Rules during his time in private practice and as a senior manager at the Stock Exchange's Listing Division.

Stanley CHOW was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Chow has over 21 years of experience as a corporate lawyer in Hong Kong and Canada, including more than 18 years of expertise in dealing with the Stock Exchange's Listing Rules during his time in private practice and as a senior manager at the Stock Exchange's Listing Division. Mr. Chow was a partner in the Hong Kong office of Latham & Watkins, an international law firm, from March 2009 to February 2014. Prior to joining Latham & Watkins, Mr. Chow practised law with Allen & Overy, from November 1996 to January 2009 where he was a partner in its Hong Kong office for over 8 years. As a corporate lawyer in Hong Kong, Mr. Chow has advised on a broad range of corporate finance and mergers and acquisitions transactions. Prior to his time in private practice, he was a senior manager in the Stock Exchange's Listing Division from May 1995 to October 1996 and also practised law with Canadian law firms in Hong Kong and Canada. Mr. Chow is a member of The Law Society of Hong Kong's Company Law Committee and was admitted as a solicitor in Hong Kong in 1995 and in England and Wales in 1994. He was also admitted as a barrister and solicitor in British Columbia, Canada in 1994 and in Ontario, Canada in 1991. Mr. Chow graduated from Queen's University, Canada with a Bachelor of Commerce (Honours) Degree and holds a Juris Doctor from the University of Toronto, Canada.

Quinn Yee Kwan LAW
Quinn Yee Kwan LAW, SBS, JP
Independent Non-executive Director

Quinn Yee Kwan LAW, SBS, JP, was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Law currently serves as the Deputy Chairman of Professional Conduct Committee of the Hong Kong Institute of Certified Public Accountants, and is an advisor of the Hong Kong Business Accountants Association.

Quinn Yee Kwan LAW, SBS, JP, was appointed as an Independent Non-executive Director of the Company on 6 February 2015. Mr. Law currently serves as the Deputy Chairman of Professional Conduct Committee of the Hong Kong Institute of Certified Public Accountants, and is an advisor of the Hong Kong Business Accountants Association which he was previously the Director and the Vice President of such Association. Mr. Law is currently an Independent Nonexecutive Director of Bank of Tianjin Co., Ltd. (stock code:1578) and ENN Energy Holdings Limited (stock code: 2688), both of which are listed on the Main Board of the Stock Exchange. From 1 August 2012 to 31 July 2018, Mr. Law was a council member cum Audit Committee Chairman at the Hong Kong University of Science and Technology. From 1 March 2008 to 28 February 2013, Mr. Law was the Deputy Chairman and the Managing Director of the Urban Renewal Authority, a statutory organisation in Hong Kong. Mr. Law is a Fellow of the Hong Kong Institute of Certified Public Accountants and is also a Fellow of the Association of Chartered Certified Accountants. He was admitted as an Associate of the Institute of Chartered Secretaries and Administrators on 11 November 1980. In view of Mr. Law’s experience in reviewing or analysing audited financial statements of private and public companies, the Directors believe that Mr. Law has the appropriate accounting or related financial management expertise for the purposes of Rule 3.10 of the Listing Rules.

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On the 12th of February Parliament was opened by a speech, not from the Prince Regent in person, but by commission, the commissioners being the[11] Archbishop of Canterbury, the Lord Chancellor, the Duke of Montrose, and the Earls Camden and Westmoreland. The speech was of the most belligerent character, recounting the success of our arms in the Indian seas, in repelling the attack of the Neapolitans on Sicily, and, above all, in the Peninsula. Lord Grenville opposed the address, considering the war as hopeless, and as mischievous to our interests. It was carried in both Houses without a division. Perceval, on the 21st, announced that the prince was desirous not to add any fresh burdens to the country in existing circumstances, and therefore declined any addition to his establishment as Regent.Thereupon a period of the utmost suspense ensued. The British Cabinet was of very divided mind; there was a strong peace party, headed by Lord Holland and Lord Clarendon, with which Lord John Russell, after much hesitation, eventually threw in his lot. Again and again he threatened resignation, and it needed all the diplomacy of the Prime Minister and the strong remonstrances of the Queen to induce him to remain at his post. Even more serious was the attitude of the French Government. M. Thiers, who had become Prime Minister in March, was furious at the humiliation to which his predecessors' shilly-shally had exposed his country. He blustered about going to war, talked about increasing the fleet and calling out the reserves, and tried to persuade the British ambassador, Sir Henry Bulwer, that the king, his master, was even more bloodthirsty than himself. All in vain; Lord Palmerston had taken the measure of his opponents. He knew that, though Thiers might mean fighting, Louis Philippe had no such intention; he knew, too, that the Pasha, whom the world thought to be invincible, was a mere man of straw. His opinion was justified by the easy success of the joint British, Austrian, and Turkish squadron. Beyrout fell early in September, Saida, the ancient Sidon, surrendered before the end of the month, and on the 3rd of[476] November Commodore Napier reduced to ruins, after a bombardment of only three hours, Acre, the fortress hitherto held to be impregnable, from which even Napoleon had turned away in despair. The fall of Acre settled, for the time being, the Eastern question. Already Louis Philippe had seen the necessity of abandoning words which were not to be followed by deeds. He had refused to countenance the bellicose speech from the throne with which M. Thiers proposed to open the Chambers in October; that Minister had in consequence resigned, and had been succeeded by Marshal Soult with M. Guizot as his Foreign Minister. Still Lord Palmerston refused to readmit France to the European concert until the Egyptian resistance was at an end. However, his more pacific colleagues induced him to allow the French Government to take part in the diplomatic discussion, which led to the ultimate settlement of the crisis in the following July. By that treaty the independence of the Porte was guaranteed by a provision that the Bosphorus and Dardanelles should be closed to ships of war of all Powers in time of peace, while the Pasha was punished for his contumacy by being compelled to surrender the whole of Syria, retaining by way of compensation the hereditary possession of Egypt.The second reading was moved on the 14th by Lord Althorp, the Chancellor of the Exchequer. Lord Porchester moved that the Bill be read a second time that day six months. His motion was supported by Sir Edward Sugden. Sir Robert Peel had taunted the Government with inconsistency in adopting alterations, every one of which they had resisted when proposed by the Opposition. Mr. Macaulay retaliated with powerful effect, with respect to the conduct of the Tories on the question of Catholic Emancipation. On a division the numbers were, for the second reading, 324; against it, 162majority, 162. The House of Commons having thus carried the Reform[347] measure a third time by an increased majority, which was now two to one, the House was adjourned to the 17th of January, when it resumed its sittings. On the 19th of that month the Irish Reform Bill was brought in by Mr. Stanley, and the Scottish Bill by the Lord Advocate. On the 20th the House resolved itself into a committee on the English Bill, and continued to discuss it daily, clause by clause, and word by word, pertinaciously and bitterly wrangling over each, till the 10th of March, when the committee reported. The third reading was moved on the 19th, when the last, and not the least violent, of the debates took place. The Bill was passed on the 23rd by a majority of 116, the numbers being 355 and 239.On the 13th of April the Speaker read to the House a notice which he had received, that a bill would be filed against him, in the Court of King's Bench, to try the validity of his warrant in this case, and the House ordered the letter and the notice to be entered on the Journals. On the 16th Sir Samuel Romilly moved for the discharge of Gale Jones; but Windham observed that a meeting of the electors of Westminster was announced for the morrow, to take into consideration the case of their representative, and that to liberate Jones at that moment would be sure to be attributed to fear on the part of the Commons. The motion was, therefore, rejected.
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