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F

ederal reserve

Ba n k

O F DALLAS

Dallas, Texas, December 3, 1965

NOTICE REGARDING RESERVE BANK OF RHODESIA

To All Commercial Banks in the
Eleventh Federal Reserve District:
The Bank of England has requested us to inform commercial banks
as follows:
Under power conferred by the Southern Rhodesian Act of 1965 of the
Parliament of the United Kingdom, an Order in Council was made
today and has come into immediate operation. This order, which
operates as part of the laws of Southern Rhodesia, suspends from
office the Governor, the Deputy Governor, and the other Directors of
the Reserve Bank of Rhodesia, and empowers one of Her Majesty’s
principal Secretaries of State to appoint other persons to act in the
place of the persons so suspended from office. A Secretary of State
has appointed a new Governor and a new Board of Directors. All the
authority formerly vested in the board that has been suspended is
accordingly now vested by law in the reconstituted Board.
The Bank of England has also transmitted to us the request of the
newly appointed Governor that we notify all commercial banks here that
all authorities of the previous Governor and Directors and all authorities
given by them or under their authority to officers of the Reserve Bank of
Rhodesia or others to operate upon accounts of the Reserve Bank of
Rhodesia on the books of other central banks have been cancelled with
immediate effect.
Yours very truly,
Watrous H. Irons
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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