| Level | Item |
| Creator Name | Establishment Department |
| Reference Number (click to see whole series/group) | 8A292/1 |
| Extent | 1 file |
| Title | ESTABLISHMENT DEPARTMENT: OTHER COMPANIES - SELECT COMMITTEE ON NATIONALISED INDUSTRIES |
| Date | 16 Dec 1975 - 28 Mar 1979 |
| Admin History | In 1969 a Select Committee was appointed 'to examine the Reports and Accounts of Nationalised Industries established by Statute whose controlling Boards are appointed by Ministers of the Crown' (terms of reference). After much discussion between the Bank, the Treasury (HMT) and the Government, the Order of reference was extended to include the Bank of England as it was a 'publicly owned Corporation which is intimately concerned with the machinery of the economic management of the country, and for which Ministers are ultimately responsible' (The Committee's Order of Reference). The Bank was accordingly investigated by the Select Committee in several areas and the Governor called to give evidence on a number of occasions. The Report, which was eventually published in 1970, was divided into four parts: (1) The Functions of the Bank, (2) The Organisation of the Bank, (3) Ministerial Relations with the Bank, (4) Accountability of the Bank. Updates of the Report followed in 1976 and 1978. |
| Description | General file. Includes: a comprehensive account of industrial relation developments in the Bank; first special report from the Select Committee on Nationalised Industries (Session 1975-76); copy of Bank's report on 'Management of the National Debt'; submission to the Select Committee on the cost benefit of computers at Head Office; detailed analysis of staff employed in the Bank (total numbers, sex distribution, by departments, wastage rates, recruitment figures, number of graduates employed, Technical and Services (T&S) staff); draft memo describing the principal developments in the responsibilities and function and in the organisation and management of the resources in the Bank 1969-75 (and follow-up comments); note on visit to Birmingham branch by Parliamentary Select Committee on 9 March 1976; review of integration of the Banking and T&S staff; inquiry conducted by the Select Committee to Parliament on the Bank's functions, activities and organisation (includes House of Commons Minutes of Proceedings taken before the Select Committee on Nationalised Industries (Sub-Committee C) on 28 April 1976); detailed question and answer paper on industrial relation and top-level decision-making arrangements in the Bank; message to staff regarding the Report from the Select Committee's inquiry; draft Government reply to the Seventh Report from the Select Committee, Session 1975-76; draft briefing notes on the bank's Annual Report and Accounts 1977; examination of the Bank's external training and study leave arrangements; General Secretary's (John Ward) Report to the Bank of England Staff Organisation (BESO) Staff Committees dated 3 February 1978; discussion paper and Governor's brief on 'Industrial Democracy and the Nationalised Industries'. Also contains detailed Select Committee briefing notes on the functions and organisation of the following areas: the Bank's branches; Management Services Department (MSD); Accountant's Department. |
| Related Material | G38 series |
| Original Reference | EA1046 (CSD 34) |
| YearOpen | 2010 |
| Keyword | The Select Committee on Nationalised Industries (Sub-Committee C); |