| Description | Contains papers relating to the Cranmer scheme: the blocking of sterling holdings of the overseas sterling area and non sterling area, in the event of severe pressure on sterling and little or no resources to meet it. Includes minutes of meetings of the HM Treasury Group on Contingency Planning, sterling balances of named banks; memo by the Chancellor of the Exchequer for the Basle negotiation on exchange control and the sterling area; and papers regarding the practicalities of implementing Cranmer, including the position of the Irish Republic, the euro dollar market, a parliamentary statement; and a paper on post Cranmer negotiations. Also has a paper relating to the Androcles scheme: the mobilisation to benefit the reserves of all or part of the private UK holdings of overseas securities; and Hecuba scheme: contingency planning for a floating exchange rate. |