Background
He was the son of Ernest Schuster, a King"s Counsel, and was educated at Charterhouse School and New College, Oxford. In 1908 he married Gwendolen Parker, daughter of Mr Justice Parker, later Baron Parker of Waddington.
He was the son of Ernest Schuster, a King"s Counsel, and was educated at Charterhouse School and New College, Oxford. In 1908 he married Gwendolen Parker, daughter of Mr Justice Parker, later Baron Parker of Waddington.
University of Birmingham. New College.
He was called to the bar at Lincoln"s Inn in 1905. At the outbreak of the First World War, Schuster was working in finance in the City of London, and was prospective Liberal parliamentary candidate for Eskdale, North Cumberland. He held a commission in the Oxfordshire Yeomanry, and was mobilised to serve on the Western Front until 1918, when he joined the allied force in the Murmansk area.
He ended the war with the rank of lieutenant-colonel, having been awarded the Military Cross and appointed Commander of the Order of the British Empire.
He was also decorated with the Russian Order of Saint Vladimir. In 1922 he was appointed Financial Secretary to the Government of Sudan.
In 1927 he ended his appointment to the government of Sudan, having been appointed as Economic and Financial Advisor to the Secretary of State for the Colonies. In 1928 he succeeded Sir Basil Blackett as finance minister of the Council of India.
In 1931 he was made a Knight Commander of the Star of India.
He served as finance minister until 1934, during which time he was injured during a bomb attack in the Central Legislative Assembly by Bhagat Singh and Batukeshwar Dutt. On return to the United Kingdom, Schuster resumed his career in banking. The parties forming the National Government agreed on Schuster as their candidate, nominated by the Liberal Nationals and supported by the Conservatives.
Schuster was opposed by George Jeger of the Labour Party, and foreign policy was the main issue at the by-election.
Polling took place on 16 November, and Schuster comfortably held the seat for the government with a majority of 7,158 over Jeger. At the 1945 general election he was defeated, with Labour"s Major West T Wells taking the seat.
In 1951 he became chairman of the Oxford Regional Hospital Board. He also led a highly successful campaign to raise corporate funding for the Public Schools Appointments Board which encouraged young people to enter a wider range of careers than previously.
He subsequently chaired the organisation.
In 1962 he became honorary treasurer of the international development charity, Voluntary Service Overseas and was involved in fund-raising for the establishment of the United World College of the Atlantic, of which he was chairman of the board of governors until 1973. Sir George Schuster died in June 1982, aged 101.
37th United Kingdom Parliament]
Following the war he took further training in finance at the University of Birmingham, and became a member of the treasury advisory committee of the League of Nations. In August 1938 the sitting Liberal National Member of Parliament (Member of Parliament) for Walsall, Joseph Leckie, died. He remained a member of the House of Commons until 1945, working with Stafford Cripps on war production.
Following the loss of his seat, Schuster was given a number of appointments to official bodies: he was chairman of the Cotton Working Party, a member of the committee on industrial productivity, and conducted an inquiry into the finances of Malta.