| Description | Letters from the Governor, Leslie O'Brien, to the Chancellor of the Exchequer, and Sir William Armstrong (Permanent Secretary at HM Treasury to 1968) and Sir Douglas Albert Vivian Allen (Permanent Secretary from 1968). With index. The correspondence covers the following main subjects: devaluation; capital gains tax procedures; loans to the Government; economic situation, 12 Dec 1967, 11 Jan 1968, 6 May 1968, 23 Jul 1968; national loans bill; Far Eastern situation and Gulf States - defence cuts; capital gains tax and gilt edged; outlook for reserves; International Monetary Fund (IMF) standby; Caledonian Airways (Prestwick) Ltd; financing prospects; public sector borrowing in foreign currencies; credit policy; gilt-edged market; Stamp Duty; the budget and the balance of payments; Finance Bill 1969; the present situation and future prospects, 5 Jun 1969; speech by Financial Secretary, 10 Jul 1969; domestic monetary policy, 22 Oct 1969; consideration of relaxation in economic policies, 9 Jan 1970; problems facing the economy, 10 Jul 1970; 'new approach' to monetary policy; cost inflation - prices and incomes; Issue Department securities; international monetary situation, 7 and 10 Sep 1970; publication of reserves; inflows; problems facing the economy, 17 Jan 1972. |