"British Assets in America" and related correspondence

Correspondence arising from a Treasury announcement, as reported in The Times (30 January, 1941), and quoted from at the beginning of a report ("British Assets in America") by Martin Price:

"In the light of material already supplied and contemplated by the United States of America, it may now be freely published that His Majesty's Government have realised and disposed of a very great proportion of their gold holdings, and are steadily realising the American securities owned by their nationals at every opportunity. A more difficult problem is presented by investments such as businesses in the United States and United States companies in this country, whose shares are not quoted on the Stock Exchange. The Government are resolved to make the best possible use of these investments, and with this end in view have requested Sir Edward Peacock, who has great experience in such matters, to go over to the United States and examine the possibilities on the spot. Sir Edward Peacock will reach America very shortly."

In addition to the report, the file contains correspondence on the subject between The Wellcome Foundation Ltd, Burroughs Wellcome & Co (USA) Inc, the Bank of England, Henry Dale, and Markby, Stewart and Wadesons (Solicitors).

1940-1941

1 file

Copyright assigned to the Wellcome Trust