| Description | Three Bank papers on the 'Problem of the Sterling Balances' sent by George Rowland Stanley Baring, Earl of Cromer to Basle Governors, and HM Treasury (HMT). Some discussion in Basle. Milton Gilbert, Bank for International Settlements (BIS), visits London. BIS paper (by Gilbert) on 'The Problems of the Sterling Balances' of 13 December 1965. Possible United Kingdom (UK) borrowing from EMA. |