| Description | The majority of the files date from 1965 and contain papers relating to the liquidisation of UK residents' private holdings of foreign currency securities for the Government reserves, namely the requirement of residents who sold foreign securities abroad to exchange 25% of foreign currency proceeds into sterling at the official rate. Includes papers regarding Operation Bootstrap (later called Androcles) - the drawing up of a bill to give the legal authority to requisition overseas securities; and Operations Jason (1-7) - the raising of a dollar loan by the Government from UK holders of foreign currency portfolios in exchange for a period of relief from the 25% surrender requirement, and further schemes to modify the 25% requirement, until its abolition on 1st January 1978. |