| Description | Discussions between Bank and HM Treasury (HMT) on terms of HMG's acquisition of obligations incurred by the Bank on their behalf, i.e. the unsubscribed part of the issue of 3½ % War Loan 1925-28 which the Bank took up, Exchequer bonds, bills discounted for, and advances to, foreign governments. These discussions largely took place in correspondence between the Governor and Chief Cashier and the Chancellor of the Exchequer, Sir John Bradbury and Sir Malcolm Ramsay. |