Record revealed
The 1951 Refugee Convention
Series
Catalogue reference: CAOG 26
CAOG 26
This series contains papers of the Secretary of Four Millbank Investments Limited.
CAOG 26
1963-1975
This series contains papers of the Secretary of Four Millbank Investments Limited.
Other Company files can be found in CAOG 21
4MI
Public Record(s)
English
3 file(s)
Subject to 30 year closure
From 2003 Crown Agents for Oversea Governments and Administrations
The records in this series are the remains of a larger collection of 4MI series files retrieved with other records from the Crown Agents' Millbank offices when the organisation moved to Sutton. The records were stored and later reviewed by the PRO.
File series ran from 1963
Selected under acquisition policy criterion 2.2.1.2, documenting the management of the Company in the period leading up to the Crown Agents' financial crisis. Series will not excede 1m in total.
Four Millbank Unit Trust Fund Managers Limited, a company limited by shares, was incorporated in December 1963, to act as a manager for unit trust schemes constituted by the Crown Agents (in particular the Four Millbank Unit Trust Fund). The Company's name was amended in 1967 to Four Millbank Investments Limited. Originally, the shares of the Company were held by the Crown Agents, but from 1971 the Company rules were changed to allow shares to be held by another Company, Four Millbank Holdings Limited, and in 1972 the Company was permitted to widen the scope of its activities. This was part of a trend of loose financial control of Crown Agents investment activities at the time which resulted in huge over-exposure in vulnerable markets in the mid-1970s. The financial crisis which followed ended with the UK government financially supporting the Crown Agents, several inquiries into mismanagement in the organisation and its thorough re-structuring. Most of these inquiries focused on the work and practices of Four Millbank Investments Limited.
Records created or inherited by the Crown Agents for Oversea Governments and Administrations
Crown Agents for Oversea Governments and Administrations: Four Millbank Unit Trust Fund Managers Limited and Four Millbank Investments Limited: Company Secretary's Files (4MI Series)
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