That decision settled finally whose property money deposited into a deposit taking institution is.

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If approved, the school would be the second such secondary institution taking students from Cornwall.

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Morgan Chase to do a good deed by taking over an institution which, I believe, the bank would never have sought to acquire absent that urging.

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Luke Trill, from the gay rights group, Stonewall, who was also taking part in the debate, said allowing marriage would strengthen the institution.

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The former Northampton Town owner stressed that "Rangers is a massive club, it is an institution" and this was the reason why the proposed takeover was taking so long.

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That is because the loans will not only be cheap, but they will be subsidised - the Bank of England, a state institution, will be charging less than is warranted by the risks it is taking.

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If you are one of those who rails against the short-termism and excessive risk-taking of some banks and finance businesses, you might note that a public sector financial institution, the Debt Management Office, has taken a reassuringly long-term approach to managing the UK government's debts - and without its prudence, we might all be in Queer Street or Skid Row by now.

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