Wholly owned

Roedd y cais yn llwyddiannus.

Dear Her Majesty's Treasury,

The treasury claim to wholly own the Bank of England ..." the day to day issuing and circulation of banknotes are the responsibilities of the Bank of England. " If the bank of England is wholly owned by the treasury then why in Gods name do you charge yourself interest on the money you create and the sovereign public which have to pay this interest. This cash could easily be created interest-free.

In legal talk, the word "of "means without. It is the bank without England.
Yours faithfully,

d.e. allan

FOI Requests, Her Majesty's Treasury

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Our ref: FOI2020/29386

Dear d.e. Allan,

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FOI Requests, Her Majesty's Treasury

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Dear DE Allan

 

Please find attached a letter in response to your Freedom of Information
request.

 

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clickable hyperlinks:

 

[1]https://www.bankofengland.co.uk/-/media/...

 

[2]https://www.bankofengland.co.uk/asset-pu...

 

 

Yours sincerely

 

Information Rights Unit | HM Treasury, 1 Horse Guards Road, London, SW1A
2HQ   [3]www.gov.uk/hm-treasury

 

 

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2. https://www.bankofengland.co.uk/asset-pu...
3. http://www.gov.uk/hm-treasury