| Admin History | Pre-war practice was to set aside and hold exact bars of gold on behalf of Central Bank customers but with the outbreak of World War Two and shortage of staff it was decided to advise all Central Banks that in future their gold holding would be regarded as being composed of so many ounces and not specific bars (in effect moving from an allocated to an unallocated gold regime). Post-war, following advice from Counsel/Freshfields it was decided that the Bank should revert to their old practice. |