| Description | Includes papers regarding the extension of the 25% surrender requirement to overseas sterling area securities and external criticism of this extension, including correspondence between The Stock Exchange, the Bank and the Chancellor of the Exchequer, Denis Healey; an outline of all the schemes put forward to modify the 25% requirement, including the operation Jasons and the Catherwood Alternative; the London Market and the 25% requirement; the legality of imposing the 25% requirement; and the investment dollar premium. Also includes a copy of Lloyds Bank Review, July 1974, containing an article titled 'Britain's Investment Currency Premium' by PK Woolley; a memo prepared by representatives of Williams de Broe, Hill Chaplin & Co, Buckmaster & Moore, Smith Brothers Ltd, and Wedd Durlacher Mordaunt Ltd to The Stock Exchange titled 'Investment Currency Premium Effects of Surrender Policy', October 1974; and a report titled 'The Investment Currency Premium' by Paul Woolley, July 1976. Indexed. |