Given at the Lord Mayor's dinner to the bankers and merchants of the City of London on 26th October 1967.
Last year, my Lord Mayor, I had the privilege of making at this dinner my first speech as Governor of the Bank. Since then an eventful year has passed. In many ways it has been a somewhat disappointing year. At the end of it we are not as close to our goals as we should like or expected to be.
Text of the Governors Mansion House speech 26 Oct 1967