Background
Lloyd was born in Norwood, Surrey, England and educated at Aske"s Hospital School, London. His father"s business failed in and he was sent to work for a family friend in Sydney in 1833.
Lloyd was born in Norwood, Surrey, England and educated at Aske"s Hospital School, London. His father"s business failed in and he was sent to work for a family friend in Sydney in 1833.
He opened a store and was postmaster at Hinton, near Raymond Terrace on the Hunter River. After his empoyer"s bankruptcy, he became a farmer on the Williams River and then an auctioneer in Sydney. With the discovery of gold, he moved into the gold related businesses of quartz crushing and gold escorting and then invested in shipping.
He returned to London in 1855 and his company, Lloyd, Beilby & Company, acted as commercial agents to the Government of New South Wales until 1859, when he went bankrupt due to losses on his shipping business.
In 1860, after discharging his bankruptcy, he returned to Sydney to re-establish himself in business. He was Postmaster-General in Henry Parkes" first government from May to December 1872, when he became Colonial Treasurer.
He introduced the penny postage to areas within ten miles of Sydney. He also abolished tariffs, duty on the postage of newspapers and tonnage dues at Newcastle, Wollongong and Kiama.
In March 1877, he was Secretary for Mines in Parkes" second government, but lost his seat in October 1877.
Lloyd went bankrupt again in 1878. He was appointed to the New South Wales Legislative Council in February 1887, but was largely inactive in it after 1889.