Till Time's Last Sand

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Till Time's Last Sand Page 111

by David Kynaston


  Transition Centre here

  transparency here

  lack of here

  transportation here

  Transvaal, loan, 1903 here

  Treasure Journeys here

  Treasury, the here, here, here, here, here, here

  Bank/Treasury relationship here, here, here, here, here, here, here, here

  consultation paper, 2010 here

  credit squeeze, 1955 here

  Economic Section here

  and the ERM here

  and inflation targeting here, here

  Northern Rock crisis here

  Radcliffe Report recommendations here

  Treasury bills here, here

  Treasury Committee here, here, here, here, here, here, here, here, here, here, here, here, here

  Treasury letter, the here, here

  Treasury stock here

  The Trial and Condemnation of the Land Bank at Exeter Change for murdering the Bank of England at Grocers’ Hall here

  Tripartite Agreement here

  Tripartite Standing Committee here

  tripartite system here, here, here, here, here, here, here

  Tritton, Herbert here

  ‘The Triumph of Central Banking?’ (Volcker) here

  Trott, Jim here

  Trotter, Henry here

  Trotter Committee here, here

  Tube Investments here

  Tucker, Paul here, here, here, here, here, here, here, here, here, here, here, here, here, here, here

  Tuckey, Andrew here

  Tuke, Anthony here

  Tunbridge Wells here

  ‘Turmoil in Financial Markets: What Can Central Banks Do?’ memorandum (King) here

  Turner, Lord (Adair) here

  Turner & Newall here

  typing machines here

  Tyrie, Andrew here, here

  UBS here

  Uglow, Jenny here

  UK banks, ownership and control debate here

  UK Electricity Council here

  Umunna, Chuka here

  unclaimed dividends, Pitt’s raid on here

  unemployment here, here, here, here, here, here

  uniforms here

  Union Bank of London here

  United Dominions Trust here

  United States of America

  Bretton Woods dependence on here

  crisis, 1836-1837 here

  the Depression here

  dollars gold convertibility suspended here

  financial crisis, 1857 here

  financial crisis, 1907 here

  financial power here

  financial reconstruction plan here

  gold reserve here

  gold shipments here

  Interest Equalisation Tax here

  Iranian hostage crisis, 1981 here

  National Monetary Commission here

  securitised mortgages here

  sub-prime mortgage market here

  used note sorting machines here

  US/Iran hostage deal, 1981 here

  Utrecht, Treaty of here

  Valedictory Party for Exchange Control here

  Vanity Fair here

  Vansittart, Nicholas here, here

  V-E Day here

  Versailles, Treaty of here, here

  Vestey Group here

  Vickers-Armstrong here

  Vickery, Abraham here, here, here

  Victor Morgan, E. here, here

  Victoria, Queen here, here

  Victorian monetary settlement here

  Vietnam War here, here

  Villiers, Arthur here

  Vinton, Fred here

  Vogel, Sir Julius here

  Volcker, Paul here, here, here, here, here

  Waag, Moses here

  Wadhwani, Sushil here, here

  wages here, here, here, here, here

  Waghorn’s Coffee House here

  Waite, John here

  Wales here

  Walker, David here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here

  Walker, Peter here

  Wall, Sir John here

  Wall Street Crash, 1929 here, here, here

  Walpole, Horace here

  Walpole, Sir Robert here, here

  Walters, Sir Alan here

  Walters, Sir Peter here

  Wanless, Derek here

  Wansbrough, George here

  War Loans

  First World War here, here, here

  interest here

  Second World War here

  War Measures memorandum, 1937 here

  War of the Austrian Succession here, here

  War of the Spanish Succession here, here, here, here, here

  War Stock Office here

  Warburg, Siegmund here, here, here, here

  Warburgs crisis here

  Ward, John here, here

  Ward, William here, here, here

  Warner, Jeremy here, here

  Washington, George here

  Washington Loan here, here, here

  Wass, Sir Douglas here, here, here, here, here, here, here, here

  watchmen here

  Waterfield, Giles here, here

  Waterloo, Battle of here, here

  Watkins, William here

  Watson, Brook here

  Watts, John here

  Watts Committee here

  Ways and Means advances here

  Weatherstone, Sir Dennis here

  Wedgwood, Josiah, V here

  Weguelin, Thomas here

  Weighing Office here

  weighing room here

  Weir Group here

  Welby, Sir Reginald here

  Wellington, Duke of here, here

  Wentworth & Co here

  West, James here

  West Germany here

  west wing here

  Western branch here, here, here

  Western civilisation, spread of here

  wheat, prices here, here

  Wheeler, Charles here

  Whigham, Walter here

  Whitaker, Kenneth here

  White, Jerry here

  Whitehead, Philip here

  Whitelaw, Lord here

  Whitmore, John here

  Whittome, Alan here

  Whitworth, Arthur here

  Wigan Iron and Coal Co here

  Wighton, David here, here

  Wilberforce, William here

  Wild, Sidney here

  Wilde, Oscar, The Importance of Being Earnest here

  Wildes & Co here

  Wilkes, John here

  William Alexander and Sons here, here

  William III, King here, here, here

  statue here

  Willke, Dr Hermann here

  Willkie, Wendell here

  Wilson, A. J. here

  Wilson, Harold here, here, here, here, here, here, here, here, here, here, here, here, here

  Wilson Committee here

  winter of discontent, 1978–9 here, here

  Winters, Bill here

  Winthrop, Benjamin here, here, here, here

  Withers, Hartley here

  Wolf, Martin here, here

  women here, here, here, here, here, here, here

  centenary here

  directors here

  equal pay here, here

  equality of opportunity here

  first here, here

  first chief cashier here

  first deputy governor here

  first director here

  glass ceiling here

  graduate recruitment here

  marriage bar here

  promotion here, here

  resistance to working for here

  roles here

  Wood, Sir Charles here, here, here, here, here

  Wood, Elmer here, here

  Wood, Gilbert here

  Wood, Sir Kingsley here

  Woolf, Virginia here

  World Bank here, here

  World
Economic Conference, 1933 here

  Wormell, Jeremy here

  Yassukovich, Stanislas here

  Yorkshire Penny Bank here

  Young, Lord here

  Ziegler, Dieter here, here, here, here

  Zimbabwe here

  Plates Section

  Extract from the original book of subscriptions, June–July 1694

  The Bank’s second home, December 1694–June 1734: Grocers’ Hall, Poultry

  Dominant early figures: Sir John Houblon, the first governor; Gilbert Heathcote (next), the only man to be governor twice

  The original west wing, built 1783–6 by Robert Taylor after the demolition of the church of St Christopher le Stocks

  The Pay Hall, 1808: engraving by Auguste Pugin and Thomas Rowlandson

  Two men who demanded high standards: Samuel Bosanquet, portrait by Charles Turner after George Romney; Abraham Newland (next), portrait by Henry Spicer, c. 1800

  James Gillray’s other 1797 take on the Bank’s subjection to William Pitt the Younger

  Soane’s Bank: Rotunda

  Accountants (later £5 Note) Office

  Curtain-walled Threadneedle Street front

  Bank Stock Office

  Over 90 years on the Court between them: Samuel Thornton, study by Anton Hickel, c. 1795; John Horsley Palmer (next), drawing by James Swinton, 1851

  Two upstanding governors: William Cotton, 1850s; William Lidderdale (next), c. 1890

  G. E. Hicks, Dividend Day at the Bank of England, 1859

  Front Courtyard, 1894, with entrances to Pay Hall and Stock Offices

  Consols Office, 1894

  The Bank en fête for Queen Victoria’s Diamond Jubilee, 1897; the wording above the Portico reads, ‘She Wrought Her People Lasting Good’

  A touch of Mary Poppins, albeit by the Royal Exchange, not St Paul’s: the Threadneedle Street south front, from across the steps of the Royal Exchange, prior to inter-war demolition

  Watching the gold: the Court, 1903, with the governor (Samuel Morley) fourth from left

  Staff singing the National Anthem, 4 August 1916, the second anniversary of the start of the Great War

  King George V and Queen Mary leave the Bank after their visit, December 1917; the governor, Lord Cunliffe, holds his top hat

  Soane’s Bank demolished, 1920s: Bank Stock Office

  Many years later recreated in the Museum; Rotunda

  Including its lunettes; caryatids, made in 1795, being taken away from the Consols Transfer Office, though eventually restored to the Museum

  Printing dividend warrants at St Luke’s, 1920s

  Committee of Treasury, painted by A. K. Lawrence, 1928; the governor, Montagu Norman, third from right

  Taking the Paris air, May 1930: Norman in the centre, with the Bank’s lawyer, Sir William Leese of Freshfields, on the right

  Baker’s Bank: Portico

  Front Hall

  Court Room

  Garden Court

  Bomb damage to Bank station, January 1941

  On the seventh floor, c. 1942: Messengers’ Quarters Kitchen

  Waiting for nationalisation: Lord Catto, 1944

  Bank Note Office, 1942: prickers and stampers

  Bank Note Office, 1961–2: paid notes for destruction

  Bullion Office, 1960s: gold vault

  Dividend Preparation Office, New Change, 1962: the Bank’s first computer

  A future governor, Leslie O’Brien, holding aloft a presentation book of signatures to the retiring governor, Lord (‘Kim’) Cobbold, June 1961

  Lord Cromer, 1961, with Pitt the Younger continuing to keep an eye on the Old Lady

  Personification of the Discount Office: Hilton Clarke, 1967

  Printing works at Debden, c. 1960

  Governors during turbulent years: Gordon Richardson, July 1973; Robin Leigh-Pemberton (next), c. 1990

  South front, 1990s

  The first two post-independence governors: Eddie George, 1990s; Mervyn King (next), April 2013. (The painting above George is Johann Zoffany’s portrait of Abraham Vickery.)

  Picture Credits

  Extract from the original book of subscriptions, June–July 1694 (The Bank of England Archive (M1/1))

  Grocers’ Hall, Poultry (Bank of England Museum (0003). © The Governor and Company of the Bank of England)

  Sir John Houblon (Bank of England Museum (0248ii). © The Governor and Company of the Bank of England)

  Gilbert Heathcote (Bank of England Museum (0244). © The Governor and Company of the Bank of England)

  The original west wing (Bank of England Museum (902). © The Governor and Company of the Bank of England)

  The Pay Hall, 1808 (Bank of England Museum (0820). © The Governor and Company of the Bank of England)

  Samuel Bosanquet (Bank of England Museum (0236). © The Governor and Company of the Bank of England)

  Abraham Newland (Bank of England Museum (0498 (i)). © The Governor and Company of the Bank of England)

  Midas, transmuting all, into paper, James Gillray, 1797 (The Bank of England Museum (0276). © The Governor and Company of the Bank of England)

  Soane’s Bank: Rotunda (Bank of England Museum (0172). © The Governor and Company of the Bank of England)

  Soane’s Bank: Accountants (later £5 Note) Office (The Bank of England Museum (1993/234). © The Governor and Company of the Bank of England)

  Soane’s Bank: Threadneedle Street front (The Bank of England Museum (0087). © The Governor and Company of the Bank of England)

  Soane’s Bank: Bank Stock Office (The Bank of England Archive 15A13/1/1/4/4)

  Samuel Thornton (Bank of England Museum (0843). © The Governor and Company of the Bank of England)

  John Horsley Palmer (Bank of England Museum (0257). © The Governor and Company of the Bank of England)

  William Cotton (The Bank of England Archive (15A13/13/2/8))

  William Lidderdale (The Bank of England Archive (15A13/13/2/1))

  G. E. Hicks, Dividend Day at the Bank of England, 1859 (The Bank of England Museum (0187). © The Governor and Company of the Bank of England)

  Front Courtyard, 1894 (The Bank of England Archive (15A13/1/7))

  Consols Office, 1894 (The Bank of England Archive (15A13/1/7))

  The Bank en fête for Queen Victoria’s Diamond Jubilee, 1897 (The Bank of England Archive (NON ST 68))

  Threadneedle Street south front, from across the steps of the Royal Exchange (The Bank of England Archive (15A13/1/2/11))

  The Court of Directors, 1903 (The Bank of England Archive 15A13/13/3/1))

  Staff singing the National Anthem, 4 August 1916 (The Bank of England Archive (HOCO/963))

  King George V and Queen Mary leave the Bank after their visit, December 1917 (The Bank of England Archive (NON ST 49))

  Bank Stock Office, 1920s (The Bank of England Archive (15A13/1/3/18))

  Rotunda, 1920s (The Bank of England Archive (15A13/1/3/43))

  Caryatids, made in 1795, being taken away from the Consols Transfer Office (The Bank of England Archive (15A13/1/3/63))

  Printing dividend warrants at St Luke’s, 1920s (The Bank of England Archive (15A13/6/1/11))

  Committee of Treasury, painted by A.K. Lawrence, 1928 (The Bank of England Museum (1090). © The Governor and Company of the Bank of England)

  Taking the Paris air, May 1930 (The Bank of England Archive (15A13/1/3/18))

  Baker’s Bank: Portico (The Bank of England Archive (15A13/1/2/6))

  Baker’s Bank: Front Hall (The Bank of England Archive (15A13/1/1/58/6))

  Baker’s Bank: Court Room (The Bank of England Archive (STAFF 15A13/1/1/67/48))

  Baker’s Bank: Garden Court (The Bank of England Archive (15A13_1_1_68_41))

  Bomb damage to Bank station, January 1941 (The Bank of England Archive (15A13/1/4/39). © London News Agency (LN14213B))

  Messengers’ Quarters Kitchen, c. 1942 (The Bank of England Archive (15A13/1/4/44))

  Lord Catto, 1944 (The Bank of England Archive (STA
FF C3))

  Bank Note Office, 1942: prickers and stampers (The Bank of England Archive (15A13/1/1/27/4))

  Bank Note Office, 1962: paid notes for destruction (The Bank of England Archive (15A13/1/1/27/4))

  Bullion Office, 1960s: gold vault (The Bank of England Archive (15A13/1/1/8/31))

  Dividend Preparation Office, New Change, 1962: the Bank’s first computer (The Bank of England Archive (NC 8))

  Leslie O’Brien and Lord (‘Kim’) Cobbold, June 1961 (The Bank of England Archive (E8/164))

  Lord Cromer, 1961 (The Bank of England Archive (STAFF C30))

  Hilton Clarke, 1967 (The Bank of England Archive (STAFF C10))

  Printing works at Debden, c. 1960 (The Bank of England Archive (BkC001))

  Gordon Richardson, July 1973 (Hulton Archive/Getty Images. © Central Press/Stringer)

  Robin Leigh-Pemberton, c. 1990 (The Bank of England Archive (STAFF L11))

  South front, 1990s (The Bank of England Archive (15A13/1/2/57))

  Eddie George, 1990s (Getty Images. © Gemma Levine/Contributor)

  Mervyn King, April 2013 (Getty Images. © Bloomberg/Contributor)

  Also available by David Kynaston

  Modernity Britain: A Shake of the Dice, 1959–1962

  By 1959 consumerism was inexorably taking hold, relative economic decline was becoming the staple of political discourse, immigration was turning into an ever-hotter issue and traditional morality was under threat (Lady Chatterley’s Lover freely on sale after the famous case). Traditional working-class culture was changing even as Coronation Street established itself as a national institution, but the greatest shake of the dice concerned urban redevelopment: slum clearance was intensified, and the skyline became studded with brutalist high-rise boxes. This profoundly important story of transformation from the old to the brink of a new world is now told brilliantly and in full for the first time.

 

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