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Correspondence with Herbert Asquith [later 1st Lord Oxford and Asquith] on subjects including: the loan from the United States; the feeling from the Governor of the Bank of England [1st Lord Cunliffe] that McKenna had lost confidence in him; McKenna's concern for the position of General Sir William Robertson [Chief of Imperial General Staff] following the death of Field Marshal 1st Lord Kitchener, Secretary of State for War; Asquith's wish to set up a special committee to confer with representatives of the Bank of England and the City's financial institutions, given the lack of confidence between the Bank and the Treasury.
Also includes a letter from Walter Runciman, on his terms for entering the Cabinet, particularly needing to know what had been promised to Andrew Bonar Law [Leader of the Conservative Party] and his colleagues.
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