1924 City of London by-election 1924 City of London by-election The City of London by-election, 1924 was a parliamentary by-election held on 1 February 1924 for the British House of Commons constituency of City of London, which covered the "Square Mile" which was the United Kingdom's traditional financial district. The seat had become vacant on the elevation to the peerage of one of the constituency's two Conservative Members of Parliament (MPs), Sir Frederick Banbury, as Baron Banbury of Southam. Banbury had held the seat since a 1906 by-election, following his defeat at Peckham in the 1906 general election. He had represented Peckham since 1892. The
Royal Commission on the Amalgamation of the City and County of London and Wales outside London, it was discovered that the council of even the most populous municipal borough had no more than 72 members. The report recommended the creation of a new local authority for the area of the existing City, to be known as the "Mayor and Council of the Old City". The electoral franchise would be the same as that for urban district councils under the Local Government Act 1894, and there would be 72 councillors. The area would be divided into 24 wards with three councillors elected for each ward. Councillors would have a three-year term of office,