The Bankers' Resolution Much excitement was caused among politicians on
Friday, July 5th, by the publication of a Protectionist resolution by certain bankers and business men. It is unusual for bankers to issue a political manifesto, but on this occasion they seemed to have done so.- Subsequent explanations suggested, however, that the resolution had been published through a misunder- standing. This is not to say that it was not intended for ultimate publication, but merely that no final decision had been reached when somebody sent the resolution to the Press. Those who were present at the bankers' meeting were Mr. Walter Whigham (a Director of the Bank of England). Sir Herbert Lawrence (Glyn's Bank), Sir Harry Gosehen (the National Provincial Bank), Mr. R. H. Tennant (the Westminster Bank), Sir George May (the Prudential Assurance Company), Lord Ashfield, Mr. E. R. Peacock (Baring Brothers), Mr. Beaumont Pease (Chairman of Lloyds Bank), Mr. Vivian Hugh Smith (the Morgan, Grenfell Company), Lord Glenconner, Sir Alan Anderson (a Director of the Bank of England), Mr. Reginald McKenna, Sir Harold Snagge and Lord Bearsted. Other bankers and business men have since expressed their agreement with the resolution.
* * * *
Previous page
