Nationalisation of Northern Rock that Northern Rock was to be nationalised claiming that the private bids did not offer "sufficient value for money to the taxpayer" and thus the bank was to be brought under a "temporary period of public ownership". The government is the sole shareholder through UK Financial Investments Limited, and the Bank is managed at "arm's length" on a commercial basis by an independent board under Ron Sandler. Customers are not affected by this change. A Government-appointed arbitration panel will decide on a fair price for the compensation to be offered to investors for their shares. Prior to the markets opening
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