Official: Treasury: WSC's minutes.

Reference code: CHAR 18/30A-B

Part of: CHAR 18
Next record: CHAR 18/31
Previous record: CHAR 18/29

Date: 02 Jan 1926 - 14 Dec 1926


Includes carbon copies of minutes and letters from WSC to various individuals, mainly Treasury officials, including: James Grigg [Principal Private Secretary to the Chancellor of the Exchequer]; Donald Fergusson [Private Secretary to the Chancellor of the Exchequer]; Sir Horace Hamilton [Chairman, Board of Customs and Excise]; Sir George Barstow [Controller of Supply Services]; Sir Richard Hopkins [Chairman of the Board of Inland Revenue]; Sir Russell Scott [Controller]; Sir Warren Fisher [Permanent Secretary]; Financial Secretary [Ronald McNeill, later 1st Lord Cushendun]; Alfred Hurst; Sir Otto Niemeyer [Controller of Finance]; Edward Marsh [Private Secretary to WSC]; Sir Arthur Steel-Maitland [Minister of Labour]; Sir Philip Cunliffe-Lister [earlier Sir Philip Lloyd-Greame, later 1st Lord Swinton, President of the Board of Trade]; 4th Lord Salisbury [earlier Lord Cranborne, Lord Privy Seal]; J Ellis Barker; Sir Percy Thompson [Deputy Chairman Board of Inland Revenue]; 1st Lord Bearsted [earlier Sir Marcus Samuel]; Prime Minister [Stanley Baldwin]; Sir Alfred Watson [Government Actuary]; William Graham-Harrison [Second Parliamentary Counsel to Treasury]; Sir James Masterton-Smith.

Also includes minutes by Niemeyer.

Subjects include: unemployment insurance; discussion of various tax and duty matters, including death duties, income, betting, and motor taxes; research expenditure; estimates for various government branches and the armed forces, and details of expenditure; civil service matters; the shipbuilding industry; safeguarding of industries; Chinese affairs; matters concerning the Economy Committee; grants for Australia; inter-allied debt; budgetary matters; a Treasury clerk selling secrets to the press; WSC's relationship with Fisher; matters concerning the coal strike and the General Strike.





Other details



Physical: 2 bound files (336 folios)
Publication: Alternative format:
Original Reference: Language:

Contained records

Reference Record Date
CHAR 18/30A/16-23 Copy of a minute from WSC to Sir Richard Hopkins [Chairman of the Board of Inland Revenue] asking his "Committee of Five" to consider a revolutionary scheme to separate coprporate and investment income, treat earned income more favourably, and levy income and super tax on investment income by means of a national register. He ends by summarising the advantages of this scheme and discussing the establishment of the register. 7 Jan 1926
CHAR 18/30A/129-130 Copy of a minute from WSC to Sir Richard Hopkins [Chairman of the Board of Inland Revenue] marked "absolutely secret" asking for Hopkins' scheme to spend £8-£10 million on giving relief to the reserves of companies, and discussing measures to give relief to the employers of labour. 7 Mar 1926
CHAR 18/30B/172 Confidential minute from WSC to Sir George Barstow [Controller of Supply Services] 20 Mar [1926]
CHAR 18/30B/188-191 Copy of a memorandum to Sir Warren Fisher [Permanent Secretary, Treasury] and Sir Russell Scott [Controller] markled "secret" on the case of a Treasury clerk "Counter" who has sold government secrets to the press. He asks them to draft an announcement for the [Civil] Service and for information about the loss of official documents in the Treasury and the employment of "searchers" to locate them, suggesting the introduction of a docketing and minuting system; plus the use of locked boxes to ensure security. 28 Mar 1926
CHAR 18/30B/309-314 Memorandum from WSC to Sir Otto Niemeyer [Controller of Finance, Treasury] seeking advice about the effect of a reduction or increase in income tax on gilt edged government stock, specifically the correspondence between the rise of the stock and reduction in tax; the impact on consumers of raised taxation; consumption as an indicator of prosperity; and National Debt. He concludes "To sum up, a reduction in taxation is the greatest economic service which a state can render to the population and the surest means of creating prosperity". 28 Oct 1926