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William Reierson Arbuthnot (b. 14 Upper Wimpole Street, London 28 January 1826 - d. 31 May 1913) was a British businessman and legislator. He served as a member of the Madras Legislative Council from 1861 to 1864 and 1866 to 1870. He worked with Arbuthnot & Co and was Chairman of the Bank of Madras and the Chamber of Commerce of Madras and Director of Commercial Union Insurance Co and of the Midland Bank Ltd.