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British Trade Bank

In: Reflecting Imperial Overstretch and New Realities

Author

Listed:
  • Brian O’Sullivan

    (King’s College London)

Abstract

The Financial Facilities for Trade Committee of 1916, the Faringdon Committee, consisted predominantly of senior bankers from a range of banking institutions. It recommended the creation of a British Trade Bank. There were objections in some quarters about the use of the term “Bank” as the proposed institution would mainly undertake industrial finance, which was a different class of business from banking as generally understood in Britain. It therefore became the British Trade Corporation. It had a mixed reception. Despite some strong criticism in Parliament, it received a Royal Charter of Incorporation on 21 April 1917.

Suggested Citation

  • Brian O’Sullivan, 2024. "British Trade Bank," Palgrave Studies in the History of Finance, in: Reflecting Imperial Overstretch and New Realities, chapter 0, pages 41-65, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-031-58303-2_3
    DOI: 10.1007/978-3-031-58303-2_3
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