Westminster Bank of Westminster Bank, became first chairman of the fifth largest bank in the world. In 1969 David Robarts, former chairman of National Provincial, assumed Stirling's position. The statutory process of integration was completed in 1969 and the new company, National Westminster Bank Limited, opened its doors for business on 1 January 1970. NatWest, as it became known, is now part of The Royal Bank of Scotland Group. Westminster Bank Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it continued to exist as a
British Hong Kong the Convention of Chuenpi during the First Opium War. On 20 January, Elliot announced "the conclusion of preliminary arrangements", which included the cession of Hong Kong Island and its harbour to the British Crown. Elliot chose Hong Kong instead of Chusan because he believed a settlement further east would cause an "indefinite protraction of hostilities", whereas Hong Kong's harbour was a valuable base for the British trading community in Canton. British rule began with the occupation of the island on 26 January. Commodore Gordon Bremer, commander-in-chief of British forces in China, took formal possession of the island at Possession Point,