Nationalisation of Northern Rock mortgage products, but the other company, "Northern Rock (Asset Management) plc", will not. The subsidiary in Guernsey, Northern Rock (Guernsey) Limited, and all Irish accounts are owned by the new Northern Rock plc. After the split there are two boards of directors; Ron Sandler is the Chairman of the new Northern Rock plc and Richard Pym is Chairman of the Asset Management company. Gary Hoffman is Chief Executive of both companies. On 10 March 2010 Northern Rock (Asset Management) plc announced that for the year 2009 the company made a better than expected loss of £257.4 million; this was a
Local Government Act (Northern Ireland) 1972 training and terms and conditions of employment of council officers, and those of the Northern Ireland Housing Executive. The commission was to: Local Government Act (Northern Ireland) 1972 The Local Government (Northern Ireland) Act 1972 (1972 c. 9) was an Act of the Parliament of Northern Ireland that constituted district councils to administer the twenty-six local government districts created by the Local Government (Boundaries) Act (Northern Ireland) 1971, and abolished the existing local authorities in Northern Ireland. Each Local Government District was to have a district council consisting of elected councillors of whom one would be chairman and another could