Word: bankes
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Dates: during 1930-1939
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Finance. Government M.P.s are directors of 43 insurance companies, 27 finance companies, 16 banks. The Bank of England has only one M.P.-Sir Alan Anderson-among its directors, but Sir Alan is also a director of railroads and ship lines that have other M.P.s on their directorates. Typical of Parliamentary financiers is Lieut. Colonel Glyn Keith Murray Mason, who is a director of the Midland Bank (biggest in England) and vice chairman of powerful Guardian Assurance Co., Ltd. When family backgrounds are considered, the financial power of Tory M.P.s looks towering. Lord Wimborne, a director of Barclays Bank until...
Lord Balniel, 38, is the eldest son and heir of the 27th Earl of Crawford. He is a director of the Bank-of-England-controlled $28,000,000 Lancashire Steel Corp., Ltd. He is a member of Parliament, one of 415 Conservative Party members who give Prime Minister Chamberlain his majority, crisis after crisis. So are two of his brothers-in-law. So is his wife's brother-in-law and the ex-husband of another of her sisters. So are the husbands of three of her first cousins. Viscount Wolmer, another Tory M.P., is distantly related...
...Cable and Wireless, Ltd. But he is also on the board of big Phoenix Assurance Co., Ltd., which controls eleven subsidiary insurance companies; of Santa Rosa Milling Co., Ltd., which has Chilean and Peruvian subsidiaries; of London & Northeastern Railway Co., Central Argentine Railway Ltd., the Mercantile Bank of India, Ltd., Crown Flour Mills, Ltd., United Baltic Corp., Ltd., of companies dealing in tobacco in Dublin, telegraph services in Africa...
...border from France into Spain one afternoon last week was a motorcade of five armored motor trucks, a motorcycle police escort, a car of armed police inspectors. The trucks carried $40,000,000 in gold bullion, and its passing from French to Spanish hands ended a long dispute. Bank of France vaults having held it for years, the Spanish Republican Government and Generalissimo Francisco Franco's Government fought over its ownership during the Civil War. When the war ended, the French were reluctant to relinquish the gold until Spain paid for the board and lodging of some...
...promises to foster Anglo-New Zealand trade, assures Great Britain that no uneconomic industries will be protected. Most important, Britain granted New Zealand $45,000,000 in credits ($25,000,000 to be spent on defense, $20,000,000 on imports of heavy machinery and raw materials) and the Bank of England converted the $85,000,000 loan into an $80,000,000 one consisting of a series of short-term notes maturing from 1941 to 1946. The New Zealand Daniel had also converted the British lions...