With financial matters settled, Hardy needed to inform President Johnson of his plans to become a British citizen. As an ally, Johnson needed to be aware of Hardy's major shift in nationality, especially since it could have political implications.
In the telegram, Hardy explained that his primary reason for acquiring British citizenship was to secure ownership and autonomy of the Cayman Islands, which would facilitate future business ventures.
Upon receiving the telegram, President Johnson saw potential benefits for the United States if Hardy succeeded in obtaining Cayman Islands autonomy. The Cayman Islands, located in the Caribbean, could become a significant military base for the United Kingdom. This could pose a strategic challenge for the U.S. if tensions with Britain escalated.
Johnson's initial reaction was favorable. By securing autonomy for the Cayman Islands, Hardy was effectively mitigating a potential threat to U.S. interests. Johnson expressed his support for Hardy's decision and reassured him that he could proceed with his plans without concern.
With this backing, Hardy proceeded to finalize the transaction.
At the Ministry of Finance, the land purchase deal was completed. Hardy acquired ownership of the three Cayman Islands for $10 million.
Simultaneously, Wells Fargo signed a loan agreement with the Bank of Scotland for $50 million, with a five-year term at standard interest rates. Additionally, Hardy's financial team purchased $60 million worth of five-year British Treasury bonds.
Once the payments were made, the British authorities expedited Hardy's citizenship application. In a formal ceremony at the civil affairs department, Hardy swore an oath of allegiance in front of the Union Jack:
"I, Jon Hardy, solemnly swear in the name of God: As a British citizen, I will be faithfully loyal to His Majesty King George VI, and his heirs and successors, in accordance with the law. I will respect the United Kingdom's rights and freedoms, support its democratic values, abide by its laws, and fulfill my duties as a British citizen."
The final step was the royal investiture. Traditionally, such ceremonies occur biannually and include a range of British officials and notable figures. Despite the usual schedule, the royal family decided to hold a special investiture for Hardy due to his high profile and significant financial contribution.
The ceremony took place at Buckingham Palace, attended by numerous British nobles, including the Prime Minister, various cabinet members, the U.S. ambassador, and the Japanese ambassador.
The award ceremony was open to the public, with hundreds of reporters present, including those from the New York Times, Washington Post, and Global Times.
In front of the gathered audience, Hardy knelt on a soft couch as King George VI, despite his frail health, draped a sword over Hardy's shoulder, formally knighted him, and presented him with medals. From that moment on, Hardy was officially recognized as "Baron Hardy" of the British Empire.
King George VI also announced that the Cayman Islands would be granted as a fief to Baron Hardy. This announcement surprised many, as the British royal family had not bestowed a fief in over a decade.
Those familiar with the details understood that Hardy had invested $120 million to acquire these islands, an overseas territory not inherently valuable. The exchange was highly profitable for the British royal family and government.
Congratulations came from various quarters. Prime Minister Attlee, with a smile, remarked, "Mr. Hardy, the government will issue you an official Governor's Document. Congratulations, Your Excellency, Governor Hardy." Hardy's governorship was for life.
Hardy replied with a smile, "I will accept your jurisdiction from now on." Though this was a courteous gesture, the Cayman Islands enjoyed a high degree of autonomy, limiting British government control.
The U.S. ambassador also congratulated Hardy and inquired about his plans for the Cayman Islands. Hardy explained, "We plan to develop it as a tourist destination and relocate our casino business there. However, this information should remain confidential."
The ambassador nodded in understanding, raising his glass in a toast to Hardy's success.
At the ceremony, Ichiro Maeda, the Japanese ambassador to the UK, approached Hardy. "Mr. Hardy, congratulations on your new title and role. The Japanese side has prepared the company and investment list you requested. When do you plan to visit Japan for economic guidance?"
"Please send the information to the United States first. I am coordinating with other consortiums for the Japan trip, and this information will help them prepare," Hardy replied.
After the formalities, everyone gathered for photographs with King George VI, Princess Elizabeth, and Princess Margaret. As Hardy stood among the dignitaries, Princess Margaret noticed his collar was out of place and discreetly adjusted it.
This interaction, seemingly casual, was noted by reporters who captured the moment. The image of Princess Margaret smoothing Hardy's attire suggested a close connection, adding to the intrigue surrounding their relationship.
With the ceremony concluded, the world now knew Baron Hardy as the Governor of the Cayman Islands. The future awaited, and the impact of his new role would soon become evident.