31 July 1970: the Royal Navy ends daily rum ration

One of the Royal Navy's most popular traditions came to an end on this day in 1970 when the last of the rum ration was doled out.

Leander-class frigate at their last rum ration © Evening Standard/Hulton Archive/Getty images
Sailors on a Leander-class frigate get their final rum ration
(Image credit: © Evening Standard/Hulton Archive/Getty images)

Until the 17th century, sailors in the Royal Navy were given a daily beer ration of five pints, partly to compensate for the harsh physical demands of life on board, and partly because ordinary water quickly spoiled.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

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