Bank of England Museum
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Timeline |
Stories From The Past |
Buildings and Architects |
Did You Know?
Did you know?
? The
nickname the "The Old Lady of Threadneedle Street" first appeared
in print as the caption "Political Ravishment or The Old Lady
of Threadneedle Street in danger" to a cartoon published in
1797 by James Gillray. It depicts William Pitt the Younger,
the Prime Minister of the day, pretending to woo the Bank, which
is personified by an elderly lady wearing a dress of £1 notes
seated on a chest of gold.
? There are two theories for the name Threadneedle Street. One is that it comes from the sign with three needles, the arms of the needlemakers, who, tradition has it, had premises in Threadneedle Street. An alternative theory is that it was a child's game in 1751 in which children hold hands and the last two form an arch while the others run through, like threading a needle. This is repeated many times.
? The £ sign developed over
the years from the letter 'L', the initial letter of the Latin
word libra meaning a pound of money. It is generally agreed
that the letters 's' for shilling and 'd' for penny stand for
the Latin words "solidus" and "denarius" respectively. These
were originally Roman coins of considerably greater value than
the shilling and the penny.
? The facsimile signature of
the Chief Cashier did not appear on Bank of England notes until
1870.
? The monarch's portrait did
not appear on Bank of England notes until 1960.
? The firearms on the wall
in the Museum Rotunda are percussion cap muskets. Similar weapons
were issued to the Bank branches for defence.
? Between August 1940 and January 1941, the Bank of England staff collected £5000 to purchase a MKII Spitfire, which was presented to the Royal Air Force and subsequently named the Old Lady.
? The Bank of England's building in Threadneedle Street has more space below ground than is contained in the former NatWest Tower, now renamed Tower 42.
? For nearly 200 years, from
1780-1973, the Bank was protected every night by a military
detachment called the Bank Guard or Picquet (pronounced picket).
This protection of the premises followed the Gordon Riots of
June 1780.
? The gilded-bronze figure set high above the
dome between Princes Street and Lothbury and known as Ariel
after the Spirit of the Air in Shakespeare's 'TheTempest', is
the symbol of the dynamic spirit of the Bank carrying credit
and trust over the world.
External Links
-
Money Made Clear
Jargon free financial information from the FSA -
Tax Matters
Information from HMRC on how and why you pay tax
