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Baron Margadale, ofIslay in theCounty of Argyll, is a title in thePeerage of the United Kingdom.[1] It was created on 1 January 1965 for theConservative politicianJohn Morrison. As of 2017[update], the title is held by his grandson, the third baron, who succeeded his father in 2003.
The barony of Margadale is the most recent extant non-royal hereditary barony. Lord Margadale is the most junior of Britain'shereditary peers. The barony is named after the area ofMargadale, in Islay.
James Morrison, great-grandfather of the first Baron, was aHampshire innkeeper's son who became the greatest textile wholesaler in England and a prominent merchant banker. He left circa £4 million in 1857, the second largest non-landed fortune in Britain up to that time afterNathan Mayer Rothschild's £5 million. James's son Charles Morrison continued in the same lines of business, and left £10.9 million in 1909, which was the largest British estate forprobate purposes up to that time. He was probably the second richest man in Britain at his death, after theDuke of Westminster.[2] Charles Morrison's nephewHugh Morrison was the father of the first Baron Margadale.James Morrison, uncle of the first Baron, was a politician.Sir Charles Morrison andSir Peter Morrison, younger sons of the first Baron, were both Conservative politicians.
The family seat isFonthill House, nearFonthill Bishop,Wiltshire.
Theheir apparent is the present holder's son, the Hon. Declan James Morrison (born 1993).
MajorJohn Granville Morrison, 1st Baron Margadale (1906–1996)[citation needed]James Ian Morrison, 2nd Baron Margadale (1930–2003)Alastair John Morrison, 3rd Baron Margadale (born 1958) |
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