Válečná historie Bank of England (úryvek)

7/27/2019 Vlen historie Bank of England (ryvek)

1/10

CHR IX 192

he Ban of Engnd is only one of te 'ay enral

Bas o have a banker-customer relaoship;it

he . . . ;ou

the Bn of glad hd also a share he foudation of he D I . . :

moreoer he 0.5. is erely conroled by is iecor and ot

y s sharehoders, and he oero of he n of :nlad e

o cio Diecor* ad omiates a secod Direcor . he nominated

irecor at he me o the outrea o war was Sir tto Jieeyer

who apeed also o e ai o the oard of the 1 .3 . fo

May 1937 to ay 1940. e alterate fo the Goveor was

/rood. he a o !glad rectos were auraly amon-the mos ifuetal o e rectorate . Oe object of he u.I .

\a o provide a mee pace for te cooperatio of etra an

a poicy arely istued y e ak of Eglad Various

offi cias of he B of ad visted he .1 S ro tme o

tme and ther conacs wee cose and forma. The Goernor

repored o iee o reasury any matter of special net

tha had bee dscussed at B . I .S . monty eei&. Thus the

coecto of he k of End h the dL!. had aways ee

a itmate and vital oe.

At the ourea o war ad fo e me aferwards

the Czech


2/10

1293

On e 2s arc 99 th asr rv t

rqust to ranser aou 6 lon ol ro th I ; o .

Aount to thr No 7 Accon ak (athoh t as no

usinss o thrs) wer airly sre that th o 2 Aount was a

Czec Natonal ank Accoun and ey v , althouh thy wr

no sr a e , a N? Acoun was a hsban. Th

aon was raserre on e s ay and a small urer aoun

on 22nd Bwen 2s and s iarch h ol rv on

e No Accon was isposd o aou 4 lion gon o th

aonal ank o Blg and edrans an and e

reandr ein sol n Lonon

It s clear o e general mmunty rant to te

8 I .S ht no Goern whih was a pary o th orna

arn t , and ere wer seen o , ncludn


3/10

294

He considered tat i t /QId e ;on and danero for

he future f the . I .: r ' ember o thE ard, particlar

fro a atinal tandpoint t attempt fr pitical reason to

ience decisins f the Preident the J I .3 on matter which

are en tirel withn he resi den S jurisdiction : he had erefore

declined th proposals

n 26th Na the 8hncer rote t the Governor askin

whether the k o nad sti held the zech gold, as the

iforatn miht hep hm nswer estions in the House The

Gernor in his re DOh a did not ans\er te qestion b

pinted ot that the Ban hed god rom ime to ie for the d

and had no nedge whether was heir own prpert r that of

heir cstoers ence the cod not a heter the od was

hed or the ationa Ban o zechsovaia.

There was a frther ld transactn n the 1st Jue

when her were saes of od (440 000) and ld hip"ents t

ew Yr (420 ,000) rom the o . 9 Accunt f the D .I .S hisrepresented od which had been shipd t Lndn the [{eichsan

This time beore actn:, the Bnk f nd referred te matter

to the Chancelr , wh said ha he wuld e the opinion f he

Law fficers f the rwn. On he d I enqrin: however wat

was casing dea and sang tha nconvenience wod e caed

ecase of ayens he ne da e ank o En-land aced n the

instructions whut refein to te aw Oice rs who , hweer

sseqen pheld ther actin

efore the next eetin o he 0 ,oard took place( 2t h une) the overnr wte to the hancelor to mae is

posi tion clear Ater ain that the nceo r recent statelentn the Hose on the Czech )alances seem to h-e led to a cl


4/10

1295

rt s Drctrs ave purs it rr t t rltis

btw emrs t r e e a t

utral) Presit a s Exct te r 'Iu. )1 cuct I liv t i accrac wit nlter a sprit te tattes wic prss te

tts te rs satry t t Ha Art

L 76 939

atime Reats

S Neutrali1e a atte t irctrs

t S ri t war was vere by tir axity t

p t B3 aiv pla s part t slt pst-war

prblems r ts a, r tr t \as sstial

tat t sul strcty imprta etral a bctiv

uly sar by r y* ater y r cKittrck a succes&ully

cari ut te pii t ls irctrs te

Trasury It was early ece tat as lttl as pssible wbsiss sul be e

O te 4t Septmer 939 te Gvrr t t

Sir Rcar Hpks -

e sp a w ays a at te pst t a r

tratia Sttlmts artme a I urst r

y tat . Gvrt pps t apt t viw tat tey

wr t b t sv watme t ll immities

jy by te ak r ttial Sttlemets tis

is t ica cs we sall crse accpt it

ut must pit t tat this cisi is uite at variac

wit th itrprtati wic as be cmly plac te

immities t tm v y bts abut te i$ites

be xprsse i pulic by H .,. Gere t; i tesiatur t russels rtcl 1936 a its ratiicti

937 imply t ery ppste as i te statt t

viws of th Law Officrs of the ron duing th recnt

resit rm May 93 utl rMcKittrck's appiet i 939

,

Bank of England Archive (M5/537)


5/10

296

discussios i Pariaet aout the Czech 501d . he roose

attide o H . / Goverent oud doutess e a urri$e toeutral States ad oud oer hoste roaganda an

excelent opportuity for the criticism that, where it i s i n

their iterest , H .- Goverment do not hesitate to dregad

ther iternationl arragements . . ." .

The Governor ecosed a short meoradu which he had

draw u, o the assptio that the Governme t ' s dec isi on had

already been ake , and whch he roposed shoud gover the ank 's

reatios ith the . 1 , S . in \tie. No direct rely to this

letter was received, but ater Sir Rchard Hopkins wrote to say that

he had ee asked y the hacelor to write to him the following

etter

have bee istructed to o you tht H ' Goverent has

reached the folon desio:

( ) That the ak shod not act uon n order o the

Bank for Iteratoal Settements it seems to

the Bk to be lkey that the order mi.ht enei t

the eemy

2 ) That the Bk should ot act po order ithot

cost the reasry

(3 ) hat the reasry ot authorse compliace th

a order uess satisfied that t i s ot ikey to

benefit the enemy(4) That the preset order s subject to equiry to se e

hat the ak for Iterationa ettleets are

rered to say as to oershi

( 5 ) hat the reet acton is to e rearded s "sto"

action, edg ivestiation.

(6 ) hat neutrals re to be a;sured tat in y cse

here he Treasry ae satsed .' to )wrsip

orders y he k or ternatoa ettemetsshow o e o beh o eutr s il uth're d

the th epteer the Joveror rled tat l copieso core odece etee the ad the : . . hould beorarded to te "rEsry except or rone matters this practce



6/10

2 9 7Abou ve weeks aer te outrea o ar n in( [dent

ourred whi howed tat 1- . overment were not 1togeter

app aot the ttitde the ad ken up Te ' n c ve lentapproaed the ish For:i Off c e asknL that ti aran 01

e 1 ,: shold e nstrcted o take steps to 3t tr


7/10

1298

the Bn of France (r . onie sgested ocasonal etings , tobe attended y neutal ebers only drectors of belli[erent

counties givng poes to say, a netral Vce_Caran ( te Vic e

Caren were espectvel Belgia nd Japanese) .Jom

scsolution was also favoed by reye n ; the ank of n1d

Diectors, toug not in favo of ny eetngs, touht it igt

be dffclt to stop te he aceo aso was, of couse

avese fo eetin3s and was ous f te wee navodable tat

te Ens sold eep in ine wt te rec n Noveer

i Otto Nee was sccessfl n pesading fi. ourer ad

. Beye to abandon the poposa and ate otaned the agreeet

of the Bank of tal zon who ad also sown soe

dsposton n favou of eetings

In any 940 r cKttc sgested tat wen the

Report and oter papes wr sent to te ectos eac ont te

Pesident sold invite te to give ter vews in wrting on

questons whc would norall have been suitted to the oard

n addtion e would ask al ees of te Boad to vsit te

Ban fro tie to te to antan pesona touc Te ench

and ngsh Drectos dd not approve of either dea and oth

wee dopped

At te end of Agust 1940 the Goveno thogh t wel

tt the a!s sotos sold consde is poston and tat of

r tto ee as ectos o te . he epoted tatno eason exsted fo te ngs Diectos not eainn as

ebers of te Board (L . 1 9 0 .

Upon te enty o the .S.A. into the w te position

o .McKttic becae diffcult He ad een vey anos in

te sumer of 1941 to go to eca to cler p te postion of

te B . S t te utoites, bt te Bnk of nand Directos

tout tat is absence it easi g6est tht te 8 . 1 S . was

being teporarly adminsteed ndvidas fo Berlin and

c, in which case tee wod be edate dnger of its ben

lac-sted On the opposton of te nls Directors and te

easury r.cKttrc wtdew hs popo:a e



8/10

1299

arly in 94 , thugh the mericans , the Reichsbank

( an als rhaps the Bank f Italy) ere illing tha rcKittrick

shoul stay, the Nazi Party leaers ppose this course a

compromise it as suggested by is members of the /anaeent tht

an ective Cmmittee f the ( he Presiden with two netral

irectors shol be appined uner rce of the tautes

smilar dea had been pt rward n January 141 and had been

appved by the k f Englad Directrs an the Treasry, b had

nt bee acted pon On hs ccasin t the dea was abandned

he eichsbank and the ank f Itay sl atache

grea mportance he 8 1 3 . as a meeing-pace fr discussions

meatey after the war between hrities in he ppsing

belgeren cunries ; and hat the avatages of retaining r on

place here were strny in the fficia min n hitehall is

cear from the fllig exract from a Treasry letter o

( 2 6 44) " . It seems t me he heht f intelectual moesty to

hink tha the ny ay f not eng utwitte after the war by the

defeate Germans s to ct r cnecn ith the B I now

ith a the imiate lss to he war efrt that hat entais "

his my be said also t express the view o he nglish Diectrs.

arly in May 1 r ci ttrk agan rised the

qestn f his pstion: s er ffice as resien as

eprng at the end the year, and hs sggeste sltn was

hat eer resent f he iss Natna k should accept

the hairmanshp hich had been act snce !ay 0* ; hat he

himself shul e alowed to pay a visit to America an ha

temporarly he objectins f the Britsh vernment shuld be met

by the appntment by the Gvernr f n alernate wh shoul reside

in SWiterlan The Governor dd n accept the lastnamed

prposal bt thght that /I,r .>cKittrick m:ht perhaps continue as

Presdent whot any frma re_election nd tha the appintent

a new Chairman of he Board might arouse plitical cntrersy.

Later , hever , the Engish Direcrs baned the assent o he

*In the eantime , by eera ageement, he delgian Vice-Chairma(H. Galopn) had been actng as Chairman.

,0



9/10

1300

Treasuy to eber ' s beoi Chaian povie that rcKittrck

c)ntnued as Pesdet The easy also promised to assist the

latter to vst the S . .y September this pGre tree

points had been aeed upon. The Diectors alloate \ eter asChairma as fo the 1s Deember a he nminae .cittik

as Presdent.

iscelaeos

in he war te an rnsations wh the iL:.

appeare t o have been he emoal o s own Jol, o a thereest o gol beon6n to s somes o places wich wee

reativey nsafe to ohes whch wee reatiey sae , ether )yphysa transe o by efetng ea%es New busies was

iscoaed, thoh some tsacons wee netken or te

Iteratioal ed oss The emainer o is busies was

oneed wth the cay i throh o s pe_ar enaeents and

in enea tene to diish s assets liablities.

t the oeak o wa the k o Elad he

neg


10/10

130

an th !1 Yo is" o hat [ . it ha stat that

th A T .3 ha no sinfan in onnton ith his oos n

an that it as an-ntoll, adn h tyiay ian

ont that h s an ian sint businss with

h Jans whil ou n boys a ighting ans .

Phas n o tya o th onnsus of oinion on th osiio

o th .I .S . in h os-wa od as a onation by th

Untd Naons otay and Fnaia :onn a ton oods

hat h 8 .1 .S . hould qudatd "a h ast ossl

ont uy 1944) . Ono ons ntsd ats in h

nit ingo as by no ans unanious an a h ti th

aa o lil lilihoo o h suvva o th a , l j , in

h iustans o his ondaton

On h 18th 944 od Cato s o Noan

as ovo of th Bank o nand an aoint .obbol as

hs atna on th a 1 3 Boa.

1

Válečná historie Bank of England (úryvek)

Documents

Transcript of Válečná historie Bank of England (úryvek)