Career
Several institutions in the north-east of England are named after him, such as the Knott Memorial Hall in Heddon-on-the-Wall. He was an unsuccessful candidate at the 1906 general election in the Tyneside division of Northumberland. Storey was an "Independent Tariff Reform" candidate (ie opposed to free trade), but his candidacy had the full support of the local Conservative association and his return of election expenses was made jointly with Knott, who was the official Conservative candidate.
They both stood down because of ill-health at the general election in December 1910.
He was made a baronet in 1917, of Close House, Northumberland. In 1924, he moved to Jersey, purchased and became the Seigneur of Samarèson
On 13 November 1934, John Stourton, Member of Parliament for Salford South, asked the Chancellor of the Exchequer whether an agreement had been reached over payment of death duties on Knott"s £5m estate. Neville Chamberlain replied that he "was not prepared to disclose information as to the position in regard to taxation in a particular case.".
