Lord Catto has been appointed Financial Adviser in the British Treasury. The Chancellor of the Exchequer has also created a Concultative Council of eight prominent industrialists, bankers and economists, states the "Financial Times.
Lord Catto, at the invitation of Sir Kingsley Wood, Chancellor of the Exchequer, has accepted an appointment in the Treasury as financial adviser. He has resigned all his directorships and will work in close cooperation with the Chancellor in solving problems and difficulties as they arise.
Lord Catto, who is 61, was a direc-for of the Bank of England, Morgan Grenfell and Ca., Mercantile Bank of India and Royal Bank of Scotland (extraordinary). He was also on the Boards of the International Nickel Company of Canada, Royal Exchange Assurance, Union-Castle Mail Steamship Company, Tobacco Securities Trust Company (chairman), Oriental Telephone and Electric, Yule Catto and Ca, Andrew Yule and Ca. (Calcutta), and Amlevant Investment.
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