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Barclays shut down Sark interests | Barclays shut down Sark interests |
(10 minutes later) | |
The billionaire Barclay brothers are closing their businesses in Sark, with the loss of 100 jobs - about a sixth of the Channel Island's population. | |
The jobs are in hotels, shops, estate agents, restaurants and building firms. | |
Sir David and Sir Frederick want radical electoral reforms on Sark and object to the hereditary posts of seigneur and seneschal remaining. | |
Sark's first election to choose a democratic government for nearly 450 years was held on Wednesday. | |
Preliminary results showed that not many of the pro-reform candidates had been successful and it looks like the recount will reveal the Chief Pleas will have a majority of elected representatives who do not want change. | |
A recount is currently under way because several candidates vying for the final seat came within just a few votes of each other. The results are expected later. | |
The seigneur is the head of the government, while the seneschal is Sark's chief judge and the president of the Chief Pleas. |