Official: Treasury: Budget 1927-1928: Treasury memoranda and tables, used in the production of the Budget.

Reference code: CHAR 18/40

Part of: CHAR 18
Next record: CHAR 18/41
Previous record: CHAR 18/39

Date: 1926 - 1927


Includes memoranda, notes, and letters from individuals, mainly Treasury officials, including: Sir Warren Fisher [Permanent Secretary]; Richard Hopkins [Chairman of the Board of Inland Revenue]; Sir Otto Niemeyer [Controller of Finance]; Sir Horace Hamilton [Chairman, Board of Customs and Excise]; Ralph Hawtrey [Director of Financial Enquiries]; James Grigg [Principal Private Secretary to the Chancellor of the Exchequer]; William Brown [Private Secretary to the President of the Board of Trade]; Alfred Hurst; Sir Sydney Chapman [Permanent Secretary, Board of Trade]; Rupert Howorth, Secretary to the Standing Committee on Expenditure; Cornelius Gregg; 1st Lord Stamfordham [earlier Sir Arthur Bigge, Private Secretary to King George V].

Also includes notes and copy letters from WSC to some of those mentioned above and to Prime Minister [Stanley Baldwin]; copy of a speech by the Chairman of Midland Bank Limited, Reginald McKenna, on British and American bank deposits; an article by John Maynard Keynes responding to McKenna; extracts from Committee reports; press cuttings; copy of WSC's budget financial statement.




Other details



Physical: 1 soft bound file in a wallet (245 folios)
Publication: Alternative format:
Original Reference: Language:

Contained records

Reference Record Date
CHAR 18/40/55-58 Memorandum from WSC to Sir Otto Niemeyer [Controller of Finance, Treasury] marked "Private & Personal To be returned" on subjects including: conversion; the addition of £37 million to the national debt; contrast to the freedom from debt in Germany and France; and WSC's view that the Treasury will be criticised for favouring a 'rentier' class over 'social, moral or manufacturing' interests. He ends by asking Niemeyer to prepare proposals for using forced loans and government bonds as part of taxation to reduce the debt. 26 Jan 1927
CHAR 18/40/62 "Midland Bank Limited: Ordinary General Meeting: Friday, January 28th, 1927: Speech of the Right Hon Reginald McKenna, Chairman" 28 Jan 1927
CHAR 18/40/68-74 Memorandum from Sir Otto Niemeyer [Controller of Finance, Treasury] to WSC enclosing newspaper cuttings and an extract from the Cunliffe Committee report as background information about [Reginald] McKenna's Federal Reserve theory and summarising the reasons for his opposition to the proposals. 1918-Feb 1927
CHAR 18/40/75 Letter from John Maynard Keynes [later Lord Keynes] (King's College, Cambridge) to the Chancellor of the Exchequer [WSC] enclosing his annual article on monetary policy [see CHAR 18/40/76-77] and commenting that he has been enjoying WSC's book extracts in the Times [a reference to the serialisation of The World Crisis]. 10 Feb 1927
CHAR 18/40/76-77 "Mr McKenna on Monetary Policy" by John Maynard Keynes 12 Feb 1927
CHAR 18/40/78-86 "Mr Keynes on Mr McKenna" 18 Feb 1927