Max Aitken, 1st Baron Beaverbrook to resign and stand for re-election in a by-election. Aitken made arrangements for this, but then Lloyd George decided to appoint Albert Stanley instead. Aitken was a friend of Stanley and agreed to continue with the resignation, so that Stanley could take Aitken's seat in Parliament and be eligible for ministerial office. In return, Aitken received a peerage on 23 January 1917 as the "1st Baron Beaverbrook", the name "Beaverbrook" being adopted from a small community near his boyhood home. He had initially considered "Lord Miramichi", but rejected it on the advice of Louise Manny as too difficult to pronounce.
Baron of Renfrew (title) elevated the Barony of Renfrew to the dignity of a peerage. Others suggest that the barony became a peerage upon the Union of the Crowns in 1603. Finally, some scholars argue that the uncertainty surrounding the text of the 1469 Act leaves the barony as only a feudal dignity, not a peerage dignity. The title of Lord Renfrew was used by the traveling Prince of Wales, later King Edward VII and Prince Edward, Duke of Rothesay, later King Edward VIII and Duke of Windsor, when he traveled in a private capacity or when he wished to pay visits 'incognito'. Baron