Government department responsible from 1839 onwards for the supervision and regulation of railways. To start with the Board of Trade inspectors who were responsible for supervising the railway companies often complained that government regulations were being ignored, but as time went on a succession of Acts of Parliament gave them greater enforcement powers. In 1919 the BOT was replaced by the Ministry of Transport which inherited much of the work and powers of the Board of Trade Railway Department.
Any exchange or association of persons who are engaged in the business of buying or selling any commodity or receiving the same for sale on consignment. It usually means an exchange where commodity futures and/or options are traded. Sometimes referred to as Contract Market or Exchange.
Any exchange or association, whether incorporated or unincorporated, of persons who are engaged in the business of buying or selling any futures or commodity, or receiving the same for sale on consignment.
Any organized exchange or other trading facility for the trading of futures and/or option contracts..
Parliament created the Board of Trade in 1696 to make recommendations on colonial policy. Replacing the Lords of Trade as overseers of colonial affairs, the board reviewed laws passed by colonial assemblies and nominated colonial governors. Though the board gathered information about the colonies and recommended policy changes, it had no executive authority.
The Board of Trade is a committee of the Privy Council of the United Kingdom, originating as a committee of inquiry in the 17th century and evolving gradually into a government department with a diverse range of functions. This department has been known as the Department of Trade and Industry since 1970, headed by a Secretary of State for Trade and Industry, who is also President of the Board of Trade. The full Board has met only once since the mid-19th century, during commemorations of the bicentenary of the Board in 1986.