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To: PaulM who wrote (30094)	3/16/1999 4:20:00 AM
From: Alex	Read Replies (3) \| Respond to of 116762

3/15/99 - Bank of England sees czarist gold as subject for discussion. <Picture> LONDON, March 16 (Itar-Tass) -- The Bank of England announced on Monday that it sees certain unsettled financial questions dating 80 years back as "a subject for discussion" between the governments of Great Britain and Russia. The subject in question concerns a historical fact: Emperor Nicholas II sent to Britain gold and foreign currency worth 400 billion dollars in today"s prices to buy weapons. No complete settlement was made between London and Russia and the money disappeared without a trace. According to a Bank of England press service official, the Bank provides the safekeeping of all resources at its disposal that are state assets and is not empowered to comment on the situation with the czarist gold. The press service official noted that "this case must become a subject for discussion between the leadership of Russia and the United Kingdom, the more so since precedents exist: a Soviet-British agreement was signed in London in February 1967 on the settlement of disputes, including in the financial sphere." According to the data with which Itar-Tass was provided by the British archives, the communique dated 13 February 1967 and the intergovernmental agreement recognised as "completely settled" all the mutual financial and property claims that originated in the period after January 1, 1939. Pursuant to those documents, Britain recognised that half-a-billion pounds sterling belonging to Moscow had been "found" in Britain and agreed to deliver goods to make up for the amount. But the British archives have no records of any talks between Moscow and London on the czarist money. "Britain has received no Russian claims to the gold of Nicholas II," the Bank of England official said. She advised Itar-Tass to approach the Treasury and the Foreign Office, but the press services of the two ministries responded with "No comment." the British governmental and financial circles are now considering the Sunday Times publication which suggests that Russia will possible file a claim against London. Should Moscow secure the return of at least one-third of the amounts resting on British bank accounts, it will be able to immediately pay off almost 150 billion dollars of its foreign debt. It is a recognised fact that the Russian emperor exported part of his wealth for safekeeping in Britain shortly before the October 1917 revolution. British sources will not discuss the amount of the gold taken out of Russia at that time. The treasury, for example, told Itar-Tass that it "knows nothing about this problem."