| 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; the Androcles scheme: the mobilisation to benefit the reserves of all or part of the private UK holdings of overseas securities; the Telemachus scheme: exchange control restrictions on the convertibility of sterling holdings of one country (in case one or more overseas sterling area countries refuse to sign the Basle agreement); the Hecuba scheme: contingency planning for a floating exchange rate; the Priam scheme: contingency planning for a sudden event which provokes widespread expectation of an imminent re-alignment of exchange rate parities, and consequent pressure on sterling (an event such as the devaluation of the French franc); and the Brandon scheme: plans to extend exchange control to transactions between UK residents and sterling area countries. Includes minutes of meetings of the HM Treasury Group on Contingency Planning (Sir Douglas Allen's Group). |