Merchant Company of Edinburgh
United Kingdom legislation / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Merchant Company of Edinburgh?
Summarize this article for a 10 year old
The Royal Company of Merchants of the City of Edinburgh, previously known as the Merchant Company of Edinburgh is a mercantile company and Guild officially recognised in 1681,[1] but dating back to at least 1260. The Company, or Confraternity, was created to publicly represent, and protect the trading rights, of the merchants of the royal burgh of Edinburgh. Today, it continues to serve as a forum for businesses people and professionals operating in the City of Edinburgh. It also carries out a significant amount of charitable and educational work.
Along with the Incorporated Trades it forms part the Burgess Association of Edinburgh, an umbrella organisation for the trade bodies of the City of Edinburgh, who are discharged to propose individuals to the Edinburgh Lord Dean of Guild and Deacon Convener of the Trades to be made a Burgess of Edinburgh. Historically this was an important power, as being a Burgess was a necessity for anyone wanting to earn a living in Edinburgh. Both the Merchants' Company and the Incorporated Trades held formal roles within the governance of the City of Edinburgh, and sat on the City Council, until local government reforms in the late 20th century. Since then the public roles of the organisations have pivoted to primarily focus on the civic and ceremonial.[2]