1940 City of London by-election 1940 City of London by-election The City of London by-election, 1940 was a by-election held on 5 February 1940 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 by-election was caused by the resignation of one of the City's two Conservative Party Members of Parliament (MPs) Sir Alan Anderson, who had held the seat since a by-election in 1935. In accordance with the war-time electoral pact, neither the Labour nor the Liberal parties fielded a candidate. The Conservatives did not defend the seat either,
District of Columbia Financial Control Board traditionally reserved for the city government and responsibility for balancing the District's budget. It could approve or reject the city’s annual budget, its financial plan, and any attempts to spend or borrow in the city’s name. It could review all future and existing city contracts. The Board was expected to approve the Mayor’s appointments to key government positions, including the Chief Financial Officer (CFO), and had the authority to remove such appointees for cause. The Control Board also could disapprove District laws passed by the Council. Congress gave the Control Board four years to balance the District’s budget – a