| Description | Letters from the Governor, Leslie O'Brien, to the Chancellor of the Exchequer, and Sir William Armstrong (Permanent Secretary at HM Treasury). With index. The correspondence covers the following main subjects: credit restraint and Selective Employment Tax; increase to Bank Rate of 14 Jul 1966; general situation, 12 Jul 1966; devaluation; price of gold; past and present role of Sterling; rights issues in United Kingdom (UK) by overseas companies; forward operations of the Exchange Equalisation Account (EEA); guarantees; dividend standstill; abolition of preferential rates for local authority borrowing from PublicWorks Loan Board (PWLB); economic situation - public expenditure and private investment, 20 Oct 1966; Companies Bill - various aspects; opening of branches in UK by banks registered abroad; selective reflation; advice to lower Bank Rate to 6.5%, 29 Dec 1966; briefings on market matters; a European currency; international interest rates - finance ministers conference; United States (US) policies in the event of a dollar crisis; Suez Finance Company; International Computers and Tabulators (ICT) and Computer Leasings; reduction in Bank Rate, 9 Mar 1967; exemption of gilt-edged stocks from capital gains tax; shipbuilding finance; Jason; relationships betweeen Treasury (HMT) and Bank; replacements for Jasper St John Rootham on various committees; Transport Holding Company; Martins Bank; disclosure of banking figures. |