Those involved in the Committee included the Governor or Deputy Governor, as well as five directors and a secretary. A solicitor from Freshfields was also present to aid the legal business of the Committee.
The minutes of the Committee cover 1802 to 1908, and thus contain a very comprehensive insight into the prosecutions that were conducted by the Bank.
Many of the minutes reflect a period in time when the forgery of low denomination notes was particularly rife across the United Kingdom. Entries in the minutes include details of the charges brought against individuals; trials at assizes; whether a plea bargain would be offered to the prisoner; and responses by the Bank to petitions sent by those convicted. The circumstances of many of the prisoners can also be found in the Archive’s Freshfield collection – the papers of the Bank’s solicitor.
In addition to illustrating the different types of prosecution cases that the Bank was handling, the minutes also demonstrate how the Bank offered monetary rewards for those who could provide information relating to forgers. Payments which were awarded to those that had detected unscrupulous behaviour are recorded by the Committee minutes.
On 6 April 1911 the Court of Directors minutes record that ‘on the proposal of the Governor it was agreed that the Committee for Lawsuits be not re-appointed.’ However, the Bank of England Archive only holds minutes to 1908.
Archive Catalogue Reference: M5/307-342