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 Colwyn holder's son the Hon. Craig Peter Hamilton-Smith (b. 1968)<br> The heir apparent's heir is his son Joshua Dougal Callum Hamilton-Smith (b. 2006)<br> Baron Colwyn Baron Colwyn, of Colwyn Bay in the County of Denbigh, is a title in the Peerage of the United Kingdom. It was created in 1917 for the businessman Sir Frederick Smith, 1st Baronet. He had already been created a Baronet in 1912. the titles are held by his great-grandson, the third Baron, who succeeded his father in 1966. The third Lord Colwyn remained in the House of Lords as one of ninety indirectly elected hereditary peers