I know that the UK came off the gold standard in 1914 to pay for the first world war, and then again in 1931 after a brief reinstatement. What I am trying to find is the actual legislation that enacted these changes. Any help please?
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I know that the UK came off the gold standard in 1914 to pay for the first world war, and then again in 1931 after a brief reinstatement. What I am trying to find is the actual legislation that enacted these changes. Any help please?
Currency and Bank Notes Act, 1914
http://freetheplanet.net/file_downlo...ct+1914.pdf%22
£1 and 10/- currency notes issued by the Treasury to replace sovereigns and half-sovereigns - redeemable at the Bank of England for gold coin
Gold Standard Act, 1925
http://freetheplanet.net/file_downlo...d+Act+1925.pdf
Gold standard resumed. Convertibility of currency notes abolished. Convertibility of banknotes restricted to multiples of 400oz gold bars (~£1500)
Currency and Bank Notes Act, 1928
http://www.legislation.gov.uk/ukpga/...9280013_en.pdf
Currency note issue transferred to Bank of England. Bank permitted to redeem its notes (>£5) in currency notes and issue £1 and 10/- notes.
Gold Standard (Amendment) Act, 1931
http://freetheplanet.net/file_downlo...9+Act+1931.pdf
Gold standard suspended
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