-Caveat Lector-

from:
http://www.bankofengland.co.uk/pr97004.htm
<A HREF="http://www.bankofengland.co.uk/pr97004.htm"> of England - Press
Notice TRIPARTITE COMMI
</A>
-----

------------------------------------------------------------------------
TRIPARTITE COMMISSION HOLDINGS OF NAZI GOLD AT THE BANK OF ENGLAND


The Bank of England has been authorised by the Tripartite Commission for
the Restitution of Monetary Gold to state that it holds a total of
114,637.213 troy ounces of fine gold (=about 3,565.615 kilograms) on
behalf of the Tripartite Commission. Almost all of this, 113,839.674
ounces has recently been placed on interest-bearing fixed term deposit.
When the Tripartite Commission�s gold was first received in the Bank
many years ago, it was the Bank�s policy not to store specific gold for
specific customers: customers were given credit for quantities of gold,
not specific bars. The bars which were recently placed on deposit were
not, therefore, the bars originally credited to the Tripartite
Commission�s account. Similarly, when the gold is retrieved from the
fixed term deposit, it will not be the same bars which are returned.

The origins of the gold deposited with the Bank of England on behalf of
the Tripartite Commission have been described in detail in the documents
published recently by the Foreign and Commonwealth Office.

In addition to the gold mentioned above, the Bank also holds on behalf
of the Tripartite Commission a further two bars, totalling some 797
ounces, which were transferred from the Deutsche Bundesbank in September
1996. These bars bear the refining stamp of both the Prussian State Mint
(1938) and Degussa (1958). They derive from bars which originally
belonged to the National Bank of Belgium. They were obtained by the Nazi
regime from the Bank of France in 1942, the Belgian authorities having
transferred them to France in 1940 for safe-keeping. They were
subsequently re- smelted, along with other National Bank of Belgium bars
by the Prussian State mint and assigned new numbers. The false date of
1938 was entered into the mint�s records and marked on the bars to di
sguise the bars� Belgian origins.

Note to Editors:

The Bank has also been authorised by the Tripartite Commission to
publish a list of transactions carried out on the Commission�s gold
account. The list can be obtained from the Public Enquiries Group on
0171 601 4878.
Bank of England
8 May 1997

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