Securities Trust

The Securities Trust (SET) was a holding company established in 1924 jointly by the British Treasury and the Bank of England to dispose of certain government-owned assets.[1] When the Disposal and Liquidation Commission was closed down that year, certain assets were transferred to SET:[1]

Company Holding
British Celanese Ltd £500,000
A. Ruffer & Sons Ltd £689,250
G.F. Neame & Co. £68,500
Foy, Morgan & Co. £128,689
Durant, Radford & Co. £6,900

References

  1. ^ a b Cerretano, Valerio (2007). The Treasury, Britain’s post-war reconstruction and the industrial intervention of the Bank of England, 1921-1929. Paris: PARIS-JOURDAN SCIENCES ECONOMIQUES.
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