| Description | Bank's charges for 1950. British Transport Commission (BTC) reject, suggest as an economy Bank give a 'less perfect service', February/March. BTC finally accept, September. Further takeover of road haulage companies. HM Treasury (HMT) warn BTC on their investment policy, May 1951. They are living on inherited capital and could run out of funds in December. Politically impossible to increase BTC borrowing powers. New 1-year stock issued to Commissioners for the Reduction of the National Debt (CRND) to alleviate crisis, December 1951. |