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...cost of building at Ebbw Vale, and partly because of the 1938 recession, Richard Thomas & Co.'s funds ran out two years ago, before the mill was ready. Sir William accepted a ?6,000,000 loan from the Bank of England. In return for this loan, Bank Governor Montagu Norman got: 1) a first mortgage on company receipts; 2) operating control. No longer boss of Richard Thomas, Sir William began taking orders from Governor Norman's new board, on which were the president of the cartel Viscount Greenwood, other old-line steel bigwigs, some of Richard Thomas...

Author: /time Magazine | Title: STEEL: Sabotage at Ebbw Va!e? | 5/27/1940 | See Source »

...terms of dollars, the British pound has two prices. One price is quoted by the Rt. Hon. Montagu Collet Norman, who last week was re-elected for his 21st year as Governor of the Bank of England...

Author: /time Magazine | Title: FOREIGN TRADE: Puzzling Pound | 4/15/1940 | See Source »

First among them was none other than Premier Risto Ryti of the Finnish Government. That Premier Ryti should lead a delegation to Moscow was in itself the height of irony. Knighted by King George V of England in 1934 and a close friend of Governor Montagu Norman of the Bank of England, Ryti is one of the world's outstanding financiers and a confirmed Anglophile. His advice to Finnish businessmen has always been, "Protect yourselves. Undersell the Russians." He himself owns only British-made cars. For years Governor of the Bank of Finland, dapper, suave, immaculate Risto Ryti...

Author: /time Magazine | Title: INTERNATIONAL: War and Peace | 3/18/1940 | See Source »

...over. Author was "The Stinger in the Triple Bromide"-Economist John Maynard Keynes, who, as a member of the Economic Advisory Council and secretary of the Royal Economic Society, frequently stimulates the thinking of Britain's financial triumvirate: Chancellor of the Exchequer Sir John Simon, Governor Montagu Norman of the Bank of England, and Lord Stamp, the Bank's most celebrated director...

Author: /time Magazine | Title: World War: Stinger's Plan | 11/27/1939 | See Source »

...August 1917, after Indian troops had fought long and loyally in Mesopotamia against the Turks-Mohammedans against Mohammedans-and in France against the Germans-Aryans against "Aryans"-British Secretary of State for India Edwin S. Montagu announced in Parliament that His Majesty's grateful Government was in favor of the "development of self-governing institutions ... in India." But there was a catch: Britain herself must judge "the time and the measure" of each step towards dominion status...

Author: /time Magazine | Title: INDIA: Of Time and the Measure | 10/30/1939 | See Source »

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