The Wincott Project: a Catalogue of Letters and Various Items Belonging to Harold Wincott

THE WINCOTT PROJECT: A CATALOGUE OF LETTERS AND VARIOUS ITEMS BELONGING TO HAROLD WINCOTT

Katy Mair

Dec 2004

Contents

1. Report on the project. Page 1 2. Transcription method and style notes. Page 3 3. Catalogue. Page 4

This project was funded by The Wincott Foundation in association with The Centre for Editing Lives and Letters, Queen Mary, University of London.

1 Part One: Report

The archive examined consisted originally of two suitcases filled with documents taken from Harold Wincott’s desk after his death in 1969, and items connected to his career which his wife, Joyce Wincott, had collected. The Wincott Foundation, set up by private subscription as a memorial to Harold Wincott, rightly saw that these articles needed to be examined and arranged in a more organised fashion. The main aim of this project was to identify what exactly had been kept in the two suitcases, to establish the existence of any interesting letters for a potential editing project, and to organise and catalogue the items so that they could be accessed easily by those interested in the history of financial journalism. The letters, clippings and various miscellaneous items had been kept, in most instances, in some sort of order. For research items this probably stems from the work of Harold Wincott’s secretary, and for letters and other memorabilia from the careful ordering of Joyce Wincott. In most cases I have kept sections that are clearly relevant to each other together, and even when relevancy was in doubt I have kept items in their original piles. I have noted when any significant item has been removed from its original place to another, perhaps more suitable section. It may seem unnecessary for me to have catalogued each individual article written by Wincott for the Financial Times, but my reasons for this are threefold. Firstly it was an excellent introduction to Wincott’s work, and helped me to understand why he was such a popular writer. Secondly, by recording how many letters by readers were published in response to his articles I could see direct evidence of his increased popularity and success over the years. Thirdly it drew my attention to some particular interesting events in Wincott’s career, which I have listed below. Articles from other publications and by other journalists often appear within Wincott’s articles, and after consideration I have not moved them, as often they refer to the Wincott articles, and illustrate how regularly his ideas were discussed in the press. The letters have been divided into sections relating to the author of that letter and their relationship with Wincott, although in some cases I have found it difficult to differentiate between business and personal contacts, a lack of distinction that was perhaps felt by Wincott in his lifetime. For the most part the letters are interesting because they come from such a wide range of people, businesses and places, and perhaps a simple spreadsheet or data base of these people may be the most suitable way to make a record of this fact. For significant figures in the publishing world I have added brief biographical notes.

Items of Interest:

1) Wincott’s article of Dec 15 1964 ‘Nothing like it since ‘Mein Kampf’’ (Item 9). This article, caused a certain amount of controversy due to its attack on Mr Nicholas Kaldor, and received some 16 letters including one from James Callaghan himself. Of particular interest is the letter of support sent to Wincott by Oliver, and the reply by Wincott copied at the bottom of this letter, which reveals how Wincott felt about his own work.

2 2) Item 21 ‘Work in Progress’ is useful for an understanding of how Wincott carried out the research for his articles, and how he wrote articles and books.

3) Item 24 also reveals how Wincott carried out his research, and also includes his correspondence with various business contacts, who often seem to send reports, charts and ideas for articles. Letters in this section may be more suitable for editing as they indicate how Wincott prepared his arguments.

4) Item 18 contains papers relevant to his employment, as well as his private accounts, and are a useful document of the variety of roles he undertook as a financial journalist.

5) Items 15, 21 and 22 all contain manuscripts or drafts of Wincott’s books, some containing amendments.

6) Item 18.iv is an interesting collection of eight letters sent between Wincott, Lord Moore and Lord Rothermere1 about Wincott’s employment, and illustrates the high esteem with which he was regarded as a journalist.

Part Two: Style Notes

Abbreviations

I have abbreviated the following publications as they are referred to frequently in the catalogue:

FT Financial Times IC Investors Chronicle

Harold Wincott is abbreviated to HEW, and Joyce Wincott to JW.

Transcription Method

A transcription policy was followed only for Items 1-14, where the title of an article was being recorded. Over the years different systems of capitalisation and punctuation was followed, and to avoid inconsistency I have only capitalised the first letter and proper

1 See catalogue for biographical notes.

3 nouns thereafter. I have followed all other punctuation methods in the headings. For other items the description is my own.

4 Part Three: The Catalogue

Items 1-14: Articles and Letters published in the FT.

The following fourteen items consist of clippings of HEW’s articles published in the FT, and letters from readers in regards to the articles that were printed on the letters’ page. Letters are either attached or adjacent to the articles to which they refer, if there is more than one letter the figure is indicated in round brackets. Any editorial intervention is placed in square brackets. The clippings cover a continuous period between 1951 and 1969. Also noted are any articles from other publications which refer to HEW, and any other clippings that have been kept within each batch.

Item One: Oct 1951 – Dec 1954

Oct 2 1951 The intelligent child’s guide to E.P.T. Mar 10 1953 Anyone seen my inflation? Sept 1 1953 The modern do-gooders Sept 8 1953 Red ink investment Sept 29 1953 Bottoms up? Oct 6 1953 The new curiosity shop Oct 13 1953 Does Wall Street know? Oct 20 1953 Submerged urge Nov 24 1953 Harnessing American Savings Dec 1 1953 U.S. open-end trust funds Dec 8 1953 American scene Jan 19 1954 New goose and old gander Jan 26 1954 Mind my bike! Feb 2 1954 Careless talk Feb 9 1954 The rich that get rich Feb 16 1954 Money for nothing Feb 23 1954 As others see us Mar 9 1954 Open letter to Mr Butler Mar 16 1954 A world fit for capitalists? Mar 23 1954 Anatomy of Recession Mar 30 1954 What went right Apr 6 1954 The lag in investment Apr 13 1954 We got what we asked for Apr 27 1954 Boardroom revolution May 4 1954 The land of promise May 25 1954 The I.C.I. scheme Jun 8 1954 Back to Dalton? Jun 15 1954 Yields and new capital Jun 22 1954 With the option Jul 6 1954 Meet Mr. Smith

5 Jul 13 1954 Nicely calculated less Jul 20 1954 What is a speculation? Jul 27 1954 Change of heart? Aug 10 1954 Doubts on convertibility Aug 17 1954 The shipping dilemma Sept 21 1954 The lower fiFTh Sept 28 1954 The new capitalism Oct 5 1954 No laughing matter Date unknown Reluctant heroes Oct 19 1954 Q.E.D. Oct 26 1954 Reflections on the boom Nov 2 1954 Living with inflation Nov 9 1954 Spades and shovels Nov 16 1954 The road problem solved Nov 23 1954 Junior I.M.F. Nov 30 1954 The voteless equity Dec 7 1954 Another view on inflation Dec 14 1954 The useless people

Item 2: Jan 1955 – Dec 1956

Jan 4 1955 Saving hope Jan 11 1955 Thoughts on the rail crisis Jan 18 1955 To company directors Jan 25 1955 The Ownership of Capital - I Feb 22 1955 H.P. in perspective Mar 1 1955 The untouchables Mar 8 1955 So much for so little Mar 15 1955 On hiring money Mar 22 1955 Labour ex-Bevan May 3 1955 British Industry, retd May 10 1955 The facts about dividends May 17 1955 The ownership of metal box- I May 24 1955 The ownership of metal box – II May 31 1955 Unfair to demagogues Jun 7 1955 The facts of life Jun 14 1955 The awkward squad Jun 21 1955 Mr. Butskellis Jun 28 1955 How much is wealthy? Jul 5 1955 On saying no Jul 19 1955 Too soon and too much Jul 26 1955 Happy birthday Aug 2 1955 The over-traders Aug 16 1955 The empire traders Aug 23 1955 On Ilkley Moor Oct 11 1955 Success on the ration

6 Oct 18 1955 Pro bon publico Oct 25 1955 The awkward squad Sept 1 1955 Mr. Gaitvan Nov 8 1955 The Doubting Thomases Nov 15 1955 Sad case of Joe Stinx Nov 22 1955 Cross-roads Nov 29 1955 T.U.C. on toast Dec 6 1955 Jobbers’ capital Dec 13 1955 Signs of the times Dec 20 1955 All our yesterdays Jan 3 1956 Ring in the new? Jan 10 1956 The Great Dam Rongs Jan 17 1956 No need to worry Letter (photocopy) Jan 24 1956 Puzzle corner E.C.2. Jan 31 1956 Sublime and ridiculous Feb 7 1956 Can we deflate? Feb 14 1956 Up to standard Feb 21 1956 Verdict on Macmillan Mar 13 1956 Keeping in touch Apr 3 1956 Machina Boyleana Apr 10 1956 Left hand, right hand Apr 17 1956 The muzzled ox Apr 24 1956 Autre temps… May 1 1956 Cart before the horse May 8 1956 Pre-term report May 29 1956 The class of 1933 June 5 1956 Passed to you June 12 1956 Spiv’s paradise? June 19 1956 Bun fight Jun 26 1956 Independent old lady? Jul 3 1956 The investment league Jul 10 1956 Department of optimism Jul 17 1956 Call for action Jul 24 1956 A way to saving Jul 31 1956 Dear money plateau? Aug 7 1956 The Man from the Pru Aug 14 1956 O Level Aug 21 1956 From Keir Hardie to Suez Sept 18 1956 Dear Mr Cousins… Sept 25 1956 2s 6d a pint Oct 2 1956 Beneath the plateau Oct 9 1956 Blackpool diary Oct 16 1956 A limited pool? Oct 23 1956 How to make money Oct 30 1956 Shirt tails, short and long

7 Nov 6 1956 Was Mr. Harrod right? Nov 13 1956 Parkinson’s law in the house Nov 20 1956 The acquisitive itch Nov 27 1956 After Suez Dec 4 1956 The firepenny Pound Letter Dec 11 1956 The price of venom Dec 18 1956 Not too prosperous New Year?

Item 3: Jan 1957 – Dec 1958

Jan 1 1957 Year of decision Jan 8 1957 Distilled Essence, 57 Vintage Jan 15 1957 Ramble Jan 22 1957 Opportunity knocks Jan 29 1957 A plan for tax reform Feb 5 1957 No trimming on rents Feb 19 1957 A sales tax? Feb 26 1957 Ticking and Sticking Mar 5 1957 The Socialists’ dilemma Mar 12 1957 Profits tax and all that Mar 19 1957 1926-1957 Mar 26 1957 The hedonists Apr 2 1957 Experentia Docet Apr 9 1957 £1,629,000,000 Apr 16 1957 On the touchline Apr 23 1957 Sauce for the gander Apr 30 1957 Cromwell up to date May 7 1957 On striking attitudes May 14 1957 Damn yankees May 21 1957 Compound inflation Jun 4 1957 New job for the I.M.F? Jul 16 1957 To the lenders! Jun 25 1957 Pink pot and red kettle Jul 2 1957 Workers’ saving schemes Jul 9 1957 Open letter to Harold Wilson Jul 23 1957 New door wanted Jul 30 1957 “But wages lag behind” Aug 6 1957 Motes and Beams Aug 13 1957 On the mark Aug 20 1957 1949 or 1954? Aug 27 1957 The C.I.C. again Sept 17 1957 The daily round Sept 24 1957 Hobson’s choice Oct 1 1957 Keynes disavowal Oct 22 1957 A town called batchelor

8 Oct 29 1957 Australian impressions Nov 12 1957 12,000 miles away Nov 19 1957 The 49th state? Nov 26 1957 Whither Australia? Dec 3 1957 Back to the last Dec 10 1957 The American riddle Dec 17 1957 Too much of a good thing Dec 24 1957 Old man’s tale Dec 31 1957 The day the banks ran out Jan 7 1958 Keeping up with the economists Jan 14 1958 Right decline Jan 21 1958 If winter comes Jan 28 1958 On going to nether wallop Feb 4 1958 Never the twain shall meet? Feb 11 1958 Cat-and-dog life? Feb 18 1958 Ants and crickets Feb 25 1958 As others see us Mar 4 1958 Who’s partisan? Mar 11 1958 Buns and beads Mar 18 1958 Six months Mar 25 1958 Old man’s tale No. 2 Apr 1 1958 After torrington Apr 8 1958 Prices and prosperity Apr 22 1958 Budget backchat Apr 29 1958 How Germany does it May 6 1958 Behind the strike May 13 1958 “We say they can’t” May 20 1958 New leaf? May 27 1958 Interlude May 14 1957 Damn yankees June 10 1958 Ole Ohlsen Jun 17 1958 The Wests’ dilemma Jun 24 1958 Priorities for expansion Jul 1 1958 No down payment Jul 8 1958 Ham and eggs Jul 15 1958 Cobbold junior Jul 22 1958 Away from it all Jul 29 1958 Dalton goes west Aug 5 1958 Farmyard fable Sept 2 1958 The essence Sept 9 1958 After Bournemouth Sept 23 1958 On moving up the class Sept 30 1958 High finance Oct 7 1958 On to Blackpool Oct 21 1958 The cult of the equity Oct 28 1958 A dangerous cult

9 Nov 4 1958 Tangled Web Nov 11 1958 H’m Nov 18 1958 Minute to the chancellor Nov 25 1956 The hidden army Letter Dec 2 1958 Russia’s challenge Dec 9 1958 Mr Smart and Mr Muggins Dec 16 1958 The bridge Letter Dec 23 1958 Pantomime season Dec 30 1958 The ostrich

Item 4: Jan 1959 – Dec 1959

Jan 6 1959 It’s up to you Jan 13 1959 After British aluminum Jan 20 1959 U.S. horoscope Letters (2) Jan 27 1959 Bear by the tail (2 copies) Feb 3 1959 The class of 1945 Feb 10 1959 To be a Farmer’s Boy Another copy of this article with annotations and a note from the reader.2 Feb 17 1959 Picking and Steeling Mar 17 1959 No South Africans? Mar 24 1959 Apartheid Mar 31 1959 Piracy Apr 7 1959 Budget recap Apr 14 1959 In the bank Apr 21 1959 Below the line Apr 28 1959 Capitalists, go home! May 5 1959 Never a dull moment May 12 1959 The six hundred May 19 1959 Scrap album May 22 1959 Article by Sir Roy Harrod May 26 1959 ‘Any old Gilts’ – HEW’s reply to Sir Roy Harrod Letters (3) June 9 1959 Morgan’s mouthful Letter, and a reproduction of the article in a Conservative publication June 16 1959 Lenders, beware! June 23 1959 On the escalator Letter

2 In a HEW article dated Mar 29 1960, in talking about readers’ letters, HEW mentions Solomon Eagle who ‘just cuts out the articles and scribbles notes on them…demonstrating the collapse of the capitalist system’.

10 June 30 1959 The baby and the bathwater Jul 7 1959 What to do about bids Jul 14 1959 The seven day itch Jul 21 1959 Higglers anonymous Jul 28 1959 State of the nation Aug 4 1959 Jobs and jobless Aug 11 1959 The three muddled men Aug 18 1959 -And statistics Sept 15 1959 Radcliffe musings Sept 22 1959 “All very rich on paper” Sept 29 1959 Jasper lessons Oct 6 1959 Matters of conscience Oct 13 1959 A famous victory Oct 20 1959 Let the seller beware Oct 27 1959 Fleet street fable Nov 3 1959 One handed-Keynes Letter Nov 10 1959 More on capital gains Nov 24 1959 1952 and all that Letters (2) Dec 1 1959 Long run Dec 8 1959 Merrie England? Dec 22 1959 Spare shares Dec 29 1959 Who’s in step?

Item 5: Jan 1960-Dec 1960

Jan 5 1960 The last rivet Letter Jan 12 1960 Conditional capitalism Jan 19 1960 Freedom’s price Jan 26 1960 Five knots, five per cent Feb 2 1960 Not tried Feb 9 1960 The Vicar’s shares Letters (2) Feb 16 1960 The legend of 1925 Letter Feb 23 1960 Investing without capital Mar 1 1960 High finance Mar 8 1960 Any old Gilts? Mar 15 1960 Arsenic and old lazenby Mar 22 1960 What’s our line? Mar 29 1960 What’s right? Apr 6 1960 Quantity Street Apr 12 1960 Hard on Gilts Apr 19 1960 True, fair and full

11 Apr 26 1960 Blue streak May 3 1960 No sale? May 10 1960 Up the Tories! May 17 1960 The Ouija bill May 31 1960 The voices are there Jun 7 1960 A job for the Queen Mary Jun 14 1960 Internal Heinz Letters (3) Jun 21 1960 The speculator Jun 28 1960 Tale of the tired tycoon Jul 5 1960 The hot seat Jul 12 1960 The way ahead Jul 19 1960 Germany: prosperous and imperturbable Jul 29 1960 Recipe for a ‘Miracle’ Aug 2 1960 End of term Aug 9 1960 How to export Aug 16 1960 Bread upon waters Aug 23 1960 Unofficial strike Aug 30 1960 Goodwill creditor Oct 4 1960 After Washington Oct 25 1960 Western approaches Nov 1 1960 Young man Nov 8 1960 Whither Australia? Nov 15 1960 Micawber’s warning Nov 22 1960 Gold or dollar? Letters (4) Dec 6 1960 Who owns metal box now? Dec 13 1960 Metal box musings Dec 20 1960 Top of the mark? Date Unknown The Monoliths

Item 6: Jan 1961 – Dec 1961

Jan 3 1961 Bobbies and boilers Jan 10 1961 Letter from New York Jan 17 1961 Crash programmes? Letter Jan 24 1961 Kennedy’s dilemma Jan 31 1961 Odham’s crimes Feb 7 1961 What to do about bids Feb 14 1961 What the cat brought in Feb 21 1961 For businessmen only Feb 28 1961 When thrift doesn’t help Mar 7 1961 Three cigarettes a day Mar 14 1961 Inflation’s price Mar 21 1961 Budget Backcloth

12 Mar 28 1961 Capital punishment? Apr 4 1961 “But not this week” Apr 11 1961 “We” and “they” Letters (2) Apr 19 1961 Johnny Hayne’s budget Apr 25 1961 The Faceless Ones Letter May 16 1961 Canada’s conscience Letters (2) May 24 1961 Cat ‘n’ dog life May 30 1961 End of a honeymoon Jun 6 1961 Matters of international interest Letters (2) Jun 13 1961 No dividend on war loan Jun 20 1961 Too few shares Jun 27 1961 Hard pounding Jul 4 1961 The Dutch ‘miracle’ examined Jul 11 1961 How to get by without Ted Hill Jul 18 1961 True maybe, but fair? Jul 25 1961 Maudling through Aug 1 1961 A new chapter in British economic history Aug 8 1961 The riddle of the trustees Aug 15 1961 The Chancellor’s gilt-edged opportunity Aug 22 1961 The sleeping beauties of Whitehall Letter Aug 29 1961 The Battle of the Professors

Six separate clippings from the FT of an advert for The Morgan Crucible Group that uses HEW’s father son dialogue. Only one is dated, 16/5/62.

Oct 3 1961 Green belt revolution – or stretching the inelastic. Sept 26 1961 Back to work – plus c’est la même chose Oct 10 1961 Wonderful concentration for British industry Oct 17 1961 The reverse yield gap in reverse? Letter Oct 29 1961 Article in the The Sunday Telegraph by William Rees-Mogg which refers to a HEW article. Oct 24 1961 New world for the investor Letters (2) Oct 31 1961 Commonwealth and common market Letters (2) Nov 7 1961 Stock options: America’s experience Letter Nov 14 1961 The pros and cons of stock options Nov 21 1961 The French had a word for it Letters (3)

13 Nov 28 1961 British Labour’s choice Letters (2) Dec 5 1961 A question of gold: I – the background Dec 12 1961 A question of Gold: II – the cures Letters (2) Dec 19 1961 After the pay pause?

Item 7: 1962

Jan 2 1962 Unfair to Old Squirt Jan 9 1962 Annus Mirabalis – Or how Britain did it Jan 16 1962 The Courchevel scene: An Institute of Investment Analysts? Jan 23 1962 Europe’s capital markets Feb 13 1962 South Africa up to date Feb 23 1962 Article by William Rees-Mogg Feb 20 1962 Britain’s South African protectorate Mar 6 1962 Courthaulds’ dividend cut: the moral? Mar 13 1962 New light on stock options Letters (2) Mar 20 1962 Meditations for mi-carême Mar 27 1962 Profits in the U.S. and the U.K. Mar 30 1962 Article by Roy Harrod ‘ Letters (2) Apr 3 1962 An open letter to the chancellor Letter Apr 11 1962 Why Mr Selwyn was right Letters (3) Apr 17 1962 A laboratory down under Letter Apr 16 1962 Article by Lombard in the FT Apr 24 1962 What the Jag Belt Men earn Letter May 1 1962 When beauty and brains get mixed Letter May 8 1962 Why Wall Street has been falling Letter May 15 1962 Now through a glass, darkly May 22 1962 The mild and bitter society Letter Jun 5 1962 How to progress yet mark time Letter Jun 12 1962 Too many snakes, too few ladders Letter Jun 19 1962 Old clichés and new ones Jun 26 1962 Post-mortem on a strangled goose Letters (2)

14 Jul 3 1962 Towards the replete society? Letter July 10 1962 The lessons of Canada’s crisis Letter July 17 1962 The betrayal of Selwyn Lloyd Letter, attached is an article by Nicholas Davenport in the The Spectator which refers to HEW article. Jul 24 1962 Euthanasia for the U.S. Rentier? Jul 31 1962 Great Uncle’s thick ‘un Letter Aug 7 1962 Pros and cons of taxing capital gains Aug 14 1962 Government by proxy Letters (5) Aug 21 1962 How to win the next election Letter Aug 28 1962 Have we done better in 1961-2 than 1957-8? Sept 25 1962 Reflections for Bantry Bay Letter Oct 2 1962 No pay pause in executive suite? Oct 9 1962 “Please, what is deflation?” Oct 23 1962 Some reflections on Llandudno Oct 30 1962 “If we had some ham” Oct 30 1962 The steel makers of France Nov 6 1962 Investment under deflation Nov 13 1962 Background to Maudling Nov 20 1962 Investment under inflation Nov 27 1962 Open letter to a mug Letters (10) Dec 4 1962 [Transliterated from the Russian alphabet] Frogmortonskaya Ulitsa, Moskva3 Dec 11 1962 American equities ex inflation Dec 18 1962 Lord Maudling’s secret Letters (2)

Item 8: 1963

Jan 1 1963 What did we get for 17 000 000 000? Letters (4) Jan 8 1963 Piccadilly, Park Lane – and the Punjab Letter (1) Jan 15 1963 How the west could help the rest? Jan 22 1963 “What goes up must come down” Jan 29 1963 Why prices haven’t fallen Feb 12 1963 The light that failed Letters (6)

3 Translates as ‘Throgmorton Street, Moscow’.

15 Attached is an editorial written in the Evening Standard which refers to HEW Feb 12 1963 A burst of new energy Letter Feb 26 1963 Lord Ritchie, Ted Hill, Lord Monkton Mar 5 1963 The League table for equities Mar 12 1963 Wider still and wider Mar 19 1963 How to go bankrupt without really trying Letters (4) Mar 26 1963 Mr Maudling’s Budget – the background Apr 2 1963 The bogey for Mr Maudling’s budget Apr 9 1963 Chicken and egg – or ham and eggs? Apr 16 1963 New light on the Swedish wealth tax Letters (4) Apr 23 1963 The Stock Exchange has a nose six months long Attached is an article in the Evening Standard which refers to HEW Apr 30 1963 Victor Feather’s price is much too high Letter May 7 1963 When is a bonus not a bonus Letter May 14 1963 The crime that Capitalism didn’t commit Letters (2) May 21 1963 Some questions for the other Harold Letters (2) May 28 1963 Can Mr Maudling get the index up to 360? June 4 1963 When should we start to learn about housekeeping Letters (2) Jun 11 1963 Workers of the world – 40 per cent is our lot! Letters (9) Jun 18 1963 The £604,000,000 that gets away from 2,000 companies Letters (2) Jun 25 1963 Faith moves mountains in Mauritania Jul 9 1963` The case for a conservative opposition Letters (2) Jul 16 1963 A triumph of hope over experience? Letter Jul 23 1963 Should we paddle our own welfare canoes? Jul 30 1963 The unfulfilled condition of liberty Aug 6 1963 The five penguins of Nicky – and their bun Aug 13 1963 America’s long term strength and vulnerability Aug 20 1963 Shovels, bull-dozers, Keynes and all that Letters (2) Aug 27 1963 It’s getting (a bit) tougher at the top Sept 17 1963 The funny old world of the T.U.C. Sept 24 1963 Can we take pensions out of politics?

16 Letters (2) Oct 15 1963 Revolution on the American railways Oct 31 1963 Article from Australian Daily Telegraph. Oct 29 1963 The Day America’s free gold runs out Letter Nov 5 1963 Into Australia’s North-West Nov 12 1963 Life begins again at Kununurra Nov 19 1963 Australia’s growing fears of overseas investment Nov 26 1963 John Kennedy – his policies and his legacy Dec 24 1963 John Bull’s better Island Dec 31 1963 New Look at the world company league Letters (3) Dec 17 1963 What Neddy’s Bikini revealed – and concealed Letter Dec 10 1963 A tortuous case for steel renationalisation Letters (7) Dec 3 1963 She was a fair cow but she came good

Item 9: 1964

July 1964 Two articles by HEW on the Stock Exchange written for the Times Educational Supplement Jan 7 1964 Do the British really want to grow? Letters (5) Jan 14 1964 On cutting off your nose to spite your face Letters (14) Jan 21 1964 Ted Heath, yellow sands, and all that Jan 28 1964 Should we be scared of the millionaires? Letters (4) Feb 4 1964 Will 3½ million investors decide the election? Feb 11 1964 A piece of (not so ancient) history Feb 18 1964 Kicking and screaming into modern capitalism Letter Feb 25 1964 Why not a selective pay roll tax? Letters (2) Mar 3 1964 When the Economists bite the dogs Letter Mar 10 1964 What happens when the axe falls Mar 17 1964 America looks at our Capital Markets Letters (3) Mar 24 1964 Britannia pulls her stockings up Letter Apr 14 1964 3 looks at the Budget Apr 21 1964 Matches, candles, and monopoly Apr 28 1964 The 4½ per cent. truth about capitalism Letters (3)

17 May 5 1964 Still suffering from Dalton’s Disease Letter May 12 1964 Bonds (not beads) for the Natives Letter May 19 1964 Why British equities have got stuck May 26 1964 Why U.S. equities haven’t go stuck Jun 2 1964 Two unique “firsts” in 1964? Jun 9 1964 A question for Whizz Wilson Jun 16 1964 Labour policies: the influence of Cripps Jun 23 1964 Labour’s policies: meeting of minds Letter Jun 30 1964 Francs, Zlotys, Dollars, Sols and Ticals Letter Jul 7 1964 The fiction of ‘tax-free’ capital Profits Letters (4) Jul 14 1964 Is foreign investment really a menace? Jul 21 1964 Skimmed milk for the shareholders Jul 28 1964 Some reflections on Rolls Razor affair Letter Aug 4 1964 Bill Philips and his percentage Another copy, annotated by a reader.4 Aug 11 1964 The choice before the Stock Exchange Letter Aug 18 1964 Postman’s knock for the incomes policy Letter (3) Aug 25 1964 A Twenty-year economic Dunkirk Letter Sept 1 1964 Correspondents’ corner on Dunkirk Aug 31 1964 Article in the Western Mail referring to HEW Sept 22 1964 The rubby-dubby bags are overboard Sept 29 1964 Living with the trust busters Oct 6 1964 The case of the reluctant Tory Oct 13 1964 Ruminations on a capital gains tax Oct 20 1964 Above all, a time for statesmanship Oct 28 1964 Will they lock the doors one day? Letters (2) Nov 3 1964 How to give your exports away Letters 3 Nov 24 1964 Point, counterpoint in South Africa Letter Dec 1 1964 High boom comes to South Africa Dec 8 1964 Now let’s shut up about the pound Letters (2) Attached is a clipping from an American newspaper Dec 15 1964 Nothing like it since ‘Mein Kampf’

4 Possibly the same reader that annotated the HEW article of Feb 10 1959. See Item 2.

18 16 letters, including one from James Callaghan. Letter to HEW from Oliver (?) expressing support, with HEW’s reply copied at the bottom Dec 22 1964 Mr. Kaldor, Mr. Callaghan And all That Dec 29 1964 The day of the poetical economists

Item 10: 1965

Jan 5 1965 Taxing Gilt-edged Capital Gains: I – fallacy of comparisons with U.S. Jan 12 1965 II – A sledge-hammer to crack pea-nuts Letters (4) Jan 14 1965 Article by Lord Radcliffe Jan 19 1965 Postman’s knock and Roger de Coverley Jan 26 1965 Sir Winston Churchill and economics Letter Feb 2 1965 It’s not just 1961 all over again Feb 9 1965 The baby and the dirty bathwater Feb 16 1965 Playing ball with brother Brown Letter Feb 22 1965 Article by George Cyriax Feb 23 1965 Where has all the glamour gone? Mar 2 1965 The day that things do themselves Mar 9 1965 High finance for the lower fourth Mar 9 1965 Thumbs down on overseas investment? Letters (4) and other clippings from the FT Mar 11 1965 Maigret in Throgmorton Street Mar 16 1965 The business that found itself Letter. Also attached is an article from The Daily Mirror which uses some of HEW’s figures. Mar 23 1965 “We will nationalise the lot” Letter Mar 30 1965 Never the twain shall meet Apr 6 1965 Ruminations before the budget Apr 13 1965 Ruminations after the budget Letters (4) Apr 20 1965 The heavy cost of “ruthless professionals” Apr 27 1965 Dividend freedom and new issues May 4 1965 Uncomfortable parallels with 1931 May 11 1965 Among the trusters and sleepers May 18 1965 How to lose the goodwill of business May 25 1965 Mr Brown’s got a tiger in his tank Jun 1 1965 A strange way to run a country Jun 15 1965 Whooping it up in the Town Halls Letter Jun 22 1965 The red Queen and the pink Chancellor

19 Letter Jun 29 1965 The corporate tax base: A long-term erosion? Letters (2) Jul 6 1965 Where is all the money coming from? Jul 13 1965 Nothing (much) to do with statistics Jul 20 1965 Taking the equity out of equities Letters (6) Jul 27 1965 Dr. Posner’s pink pills for pale people Letters (5) Aug 3 1965 The figure men move in again Aug 10 1965 What happened in the rail workshops Aug 17 1965 Holborn Circus, Belgrade and all that Letter Aug 24 1965 Does the City hold britain back Letters (2) Aug 31 1965 How to counteract spotty ones Letters (9) Sept 7 1965 Barking up the wrong trees Letters (9), and an editorial from the Evening Standard which mentions the article. Sept 14 1965 The Jobbers vote with their feet Letters (2) Oct 19 1965 Too glib a case for devaluation? Letters (2) Oct 26 1965 How Jim got on the statue Nov 2 1965 Collecting the Lady investor’s 9s 4 ½ d Letters (2) Nov 9 1965 The mystery of Great George Street Nov 16 1965 An amateur sociologist reports Letters (6) Nov 23 1965 Swizzles and squalid raffles Letters (7) Nov 30 1965 Further reflections on incomes Letter Dec 7 1965 A day in the life of a journalist Dec 14 1965 Short rations for long Gilts Dec 21 1965 Who buys Gilt-edged issues Letter Dec 28 1965 Impressions of the B.P.C. meeting Letters (5)

Item 11: 1966

Jan 4 1966 Does Jim really want you to save? Letter Jan 11 1966 The state’s role in industry

20 Jan 18 1966 2 ¼%; or spitting in the foreman’s eye? Letter Jan 25 1966 On living with low unemployment Letter Feb 1 1966 A state “trust of trusts”? Letters (2) Feb 8 1966 The gentleman in Park Street Feb 15 1966 On Turning $2m into $86m Letters (2) Feb 18 1966 Article in the FT by Ronald Butt which refers to HEW Feb 22 1966 Investment: home and overseas Letters (3) Mar 15 1966 “Britain’s clever little men” Mar 22 1966 Why not no par value shares? Mar 29 1966 When the borrowing had to stop Apr 5 1966 An infinite capacity for self-delusion [2 copies] Letters (2) Apr 12 1966 Case for Embarrassing Jim Callaghan Letter Apr 19 1966 Investing in Equities Since 1919 Letters (2) May 3 1966 Shall we tax or shall we save? Letters (2) Apr 26 1966 Parkinson’s law on equities May 24 1966 Germany: living on the camel’s hump Letter May 31 1966 Putting workers on to company boards Letters (2) Jun 7 1966 How not to reform taxes Jun 14 1966 Stock options – and the final option Letter Jun 21 1966 Use and abuse of economic freedom Letters (4) Jun 28 1966 Dividend freedom and new issues Letters (3) Jul 5 1966 “More taxation, less saving” Jul 12 1966 Fighting the savage wars of peace Jul 19 1966 The cuckoo in Britain’s nest Letters (2) Jul 26 1966 Making good use of deflation Aug 2 1966 Pros and cons of a free pound Aug 9 1966 The capital cost of expansion Aug 16 1966 End of term report on Westminster Sept 13 1966 How good is the Stock Exchange? Letter Sept 20 1966 Capitalism – or a giant Co-op?

21 Sept 27 1966 The devaluation of democracy Sept 30 1966 Article from The Statist Oct 4 1966 Adam Smith and you-know-who Oct 11 1966 Reflections for the Tories Oct 18 1966 “O what a tangled web we weave” Letter Oct 25 1966 The complicated world of Mr Conan Nov 1 1966 Open letter to Sir Frank Kearton Nov 8 1966 A job of work for Lord Campbell Letters (10) and clippings from The Spectator and The Guardian Nov 15 1966 The economic hawks get on top Letter Dec 13 1966 What a SEC could do in Britain Dec 20 1966 Euthanasia for the equity Letters (5) Dec 28 1966 Joining the private sector Co-operative

Item 12: 1967

Jan 3 1967 Remember what happened to Diocletian Jan 10 1967 The man who sees trouble ahead [2 copies] Letters (3) Jan 17 1967 To see ourselves as others see us Jan 24 1967 Reflections on the rootes deal Jan 31 1967 Britain, Davies Investments, and all that Feb 7 1967 The goose that laid the £578m. egg Letters (5) Feb 14 1967 Should Britain adopt an added value tax? Letters (3) Feb 21 1967 Mr Loganathan has a plan for self-help Letters (2) Feb 28 1967 Not the stuff cults are made of Letter, plus article in the Sunday Telegraph Mar 7 1967 Household savings: where Britain scores Mar 14 1967 The repercussions of Rhondda West Mar 21 1967 A new deal on direct taxation? Letters (8) Mar 28 1967 “Down with investment incentives!” Apr 4 1967 The three worries of Swiss bankers Apr 25 1967 The development of a modern miracle May 2 1967 Doing what comes naturally May 9 1967 A case of schizophrenia on overseas capital Attached is a clipping from The West Australian May 16 1967 Anglo-Australian ties are weakening May 23 1967 Western Australia takes off May 30 1967 Malawi: land of promise, and problems

22 Jun 6 1967 Thoughts on down under and up and over Jun 13 1967 Forty-years on – the more things change Jun 20 1967 Thoughts on ‘borrowing’ £1,842,000,000 Letters (10) Jun 6 1967 The state of the Wilsonian nation Jul 4 1967 Getting the record straight on company taxation Letters (4) Jul 11 1967 Dismal science or Agatha Christie whodunit? Letter Jul 18 1967 Devaluation – the hoax that does not work Letters (19) Jul 25 1967 The sound and fury at Church House Letters (2) Aug 1 1967 Good opening for a bright lad Aug 8 1967 When black pots talk to black kettles Aug 15 1967 When the gentlemen meet the players Letters (10) Aug 22 1967 When patriotism can be too expensive Letters (4) Sept 12 1967 Facts about the ownership of British stocks and shares Letters (5) Oct 3 1967 The two vital questions on unemployment Letter Oct 10 1967 Why Jim was given his own statue in the city Letters (16) Oct 17 1967 When the young men go west it is time to think again Letters (11) Oct 24 1967 The old man of the sea on Britain’s shoulders Oct 31 1967 Pounds, Francs, Dollars – and all that Letters (2) Nov 7 1967 Making employee incentive shares possible Letters (7) Nov 14 1967 Why the parish theory alone will not cure problems Nov 21 1967 But will it work asks Harold Wincott Letters (9) Nov 28 1967 A new campaign to boost personal savings Dec 5 1967 The worst of both worlds in taxation Letters (10) Dec 12 1967 Great Britain Ltd.’s 24s share Letter Dec 19 1967 Australia’s $: why 1967 is different from 1949.

Item 13: 1968

Jan 2 1968 New year resolutions for the government Letter

23 Jan 9 1968 As the U.S. moves towards “protected savings” Date Unknown Article from an Australian newspaper, which contains a reference to HEW Jan 16 1968 Britain’s corporation tax is out of step Jan 23 1968 The make-believe borrowing will have to stop Letters (10) Jan 30 1968 Economists: a plague or a cold in the head Letters (4) Feb 6 1968 ‘The English Sickness’ can still be cured Letters (2) Feb 13 1968 How the “sick man of Europe” regained health Feb 20 1968 How to lose the benefit of the law of averages Letter Feb 27 1968 A disguised capital levy that Britons bear Attached is a report from The Bank of New York Investment Research Department which refers to this article. Mar 5 1968 Mr Jenkins should let the tiddlers go Letter Mar 12 1968 Public expenditure can undo Mr Jenkins’ work Letters (10) Mar 19 1968 Finding the long-term answer to the gold problem Mar 26 1968 A 10 per cent cut in axes and no borrowing Letters (3) Apr 3 1968 We face five, no two, years of hard slog Date Unknown One devaluation success story Apr 30 1968 The phenomenon of Pierre Elliott Trudeau May 7 1968 The pros and cons of floating exchange rates Letters (4) Article by Douglas Jay which refers to this article, attached. May 14 1968 Investors’ dividend expectations May 21 1968 Finding buyers for all the Government bonds Letters (4) May 28 1968 Why the Prime Minister needs a “new cliché” Letter Jun 4 1968 The unshared burdens of defence Jun 18 1968 Sudden attack of common sense on savings Letter Jun 25 1968 Right and wrongs of the IRC- rank battle Letters (2) Jul 2 1968 The currencies face their Battle of Waterloo Date Unknown A Caucus-race and a long tale Jul 9 1968 Lessons from the Swedish pension scheme Jul 23 1968 What the men from the IMF will be looking for Letters (4) Jul 30 1968 How not to make workers shareholders Letters (3)

24 Aug 6 1968 Economics should be a discipline – not a political debate Aug 20 1968 Frustrating the hoped for benefits of devaluation Letter Aug 13 1968 Worker participation – the right and wrong way Letters (2) Aug 27 1968 Lesson of the U.S. experiment in the “new economics” Sept 17 1968 Amiable eccentrics take on the pragmatists Attached is an article from the Frankfurter Allgemeine Zeitung which mentions HEW Sept 24 1968 Raising low wages could cause higher unemployment Letter Oct 1 1968 Small article informing readers of HEW’s reduced output for the FT, from four articles a month to one. Oct 2 1968 Equity issues – a disservice to shareholders Letters (2) Nov 6 1968 Most British people save… Letter Nov 20 1968 Why gilts are in the doldrums Date Unknown Snakes and Ladders – and Prince Dam Rong Letter Nov 17 1968 A ‘proper man’ looks at the public sector Letter

Item 14: 1969

Jan 2 1969 Left and Right = The Soggy Centre Jan 27 1969 Conflicting views on the merger boom Feb 5 1969 How overseas investment has saved our bacon Letters (4) Feb 10 1969 Danish Industry: The quiet revolution

Item 15: Manuscript of The Business of Capitalism

Four copies, with amendments.

Item 16: FT Clippings

i. Clipping from the FT Mar 5 1979 on the tenth anniversary of HEW’s death in the form of a reproduction of an article written by him, originally published Dec 4 1951. ii. Clippings from various publications which contain a reference to HEW. iii. Clippings from various publications of JW presenting the Wincott Award to winners, and articles on the Wincott Lecture and invitations to the Wincott Lectures.

25 iv. Programme for the 1969 Investment Property Studies seminar. v. Photocopy of an article on Brendan Bracken.5

Item 17: Clippings on the Foundation

i. Notes on the criteria for the Wincott Foundation awards and information for the Trustees. ii. Clippings of death notices and obituaries from various newspapers. Some clippings are separately cut and pasted on to one sheet, of which there are multiple copies. Also FT report on HEW’s memorial service. iii. Sample of printed thank you cards for sympathy letters sent on Andrew Wincott’s death. A clipping about Andrew joining an Advertising Company. iv. Clippings from various publications on The Birthday Honours List where HEW was awarded a C.B.E. v. Copy of a foreward by Ralph Harris to Explorations in Economic Liberalism: The Wincott Lectures (ed. Geoffrey E. Wood, Macmillan Press, 1996) sent to JW for amendments. vi. Clippings of the presentation of the Wincott Award to various winners by JW, and articles on the Wincott Lecture. vii. The order of service for HEW’s funeral, programme for the memorial service, and a copy of the invitation for the memorial service. Sample of the printed thank you cards for sympathy letters sent on HEW’s death. viii. Clippings on Brendan Bracken and the FT in general and speech made by Viscount Radcliffe6 at the unveiling of his bust. ix. List of donors to the Wincott Foundation. x. Australian articles that mention HEW and letter from business contact/friend in Australia. xi. Miscellaneous.

Item 18: Items connected to HEW’s employment.

i. Two contracts between HEW and the IC. ii. Pension information from IC. iii. Four separate contracts with the BBC for interviews and reports for the World Service. iv. Correspondence between HEW, Lord Moore7 and Lord Rothermere8 concerning HEW’s resignation from the IC, acceptance of a job at The Daily Mail, and the reversal of this decision. Eight letters in total, Feb - Apr 1945.

5 Brendan Bracken (Viscount Bracken) 1901-1958. Politician and publisher, Bracken was involved in the ownership and direction of various financial publications including the FN and IC. He was chairman of the amalgamated FT and FN. 6 Cyril John Radcliffe, Viscount Radcliffe (1899-1977). Lawyer and law lord. 7 Charles Garrett Ponsonby Moore, Earl of Drogheda (1910-1989). Managing Director of the FT 1945-70. 8 Esmond Cecil Harmsworth, 2nd Viscount Rothermere of Hemsted (1898-1977). Newspaper proprietor, Chairman of Associated Newspapers.

26 v. Letters to HEW’s accountant (Percy) detailing income, assets and expenditure. vi. Telegram from Brendan Bracken to HEW congratulating him on the last issue.

Item 19: IC Memorabilia

i. Centenary issue of the IC – Jun 10 1960 (two copies). List of guests and table plan for the centenary dinner, menu. ii. IC Jun 17 1960. iii. IC Mar 14 1969 which includes tributes to HEW. iv. IC 125th anniversary edition. v. Invitation to JW to banquet to celebrate 125th anniversary, Jun 10 1985. vi. Programme and seating plan to dinner.

Item 20: Address Book

Contains:

i. Addresses of members of the Mother’s Union. ii. Notes on shares. iii. Family genealogy notes have been removed from the back.

Item 21: Work in Progress by HEW

i. ‘The Economic Situation’ – report with HEW’s annotations. ii. Response to HEW articles from Feb 1963 by The Electricity Council on the use of statistics and conclusions. iii. Clippings, notes and graphs used for research. iv. Poems. v. Breakdown of chapters and drafts for The Business of Capitalism. vi. Manuscript copy of FT article ‘Two Pounds’ from Dec 4 1951. vii. Memorandum inspired by HEW article from 29 Dec 1964 and 12 Jan 1965. viii. One article by HEW and articles in other publications which refer to HEW, including the original and translation of an article published in La Vanguardia, Jun 17 1964, which refers to HEW.

Item 22: Correspondence with Penguin

i. Contract and correspondence between Penguin and HEW. Seven letters in total. ii. Drafts of The Stock Exchange.

Item 23: Manuscripts for HEW articles.

27 i. Two manuscripts of Father/Son articles: ‘The Intelligent Child’s Guide to Bank Rate’ and ‘Good Opening for a Bright Lad’.

Item 24: Correspondence of HEW

i. Letters from readers and business contacts, often with potential material for future articles. ii. Clipped articles, letters and adverts from various publications, sometimes annotated, perhaps used for research. iii. Manuscript articles and drafts by HEW. iv. Transcript from a BBC broadcast, Jan 30 1964, ‘Harold Wilson tonight answering questions from businessmen about a how a Labour government would run the nation’s businesses’. v. Notes, charts and graphs. vi. Press releases. vii. Speeches by Enoch Powell, Lord Hume. viii. Reports and surveys from different companies. ix. Letters of Ian M. Stewart, and speech made at a conference. x. Book extracts. xi. Social Events. xii. Correspondence and information about TSB conference at which HEW spoke. xiii. Miscellaneous items.

Item 25: Letters of Congratulations on C.B.E.

A total of 416 letters, most with a copy of the reply sent by HEW attached. The letters can be divided into the following categories:

i. Letters from Business Associates (116). ii. Letters from Personal Contacts (146). iii. Letters from newspapers (11). iv. Letters from MPs (10). v. Letters from the Stock Exchange (2). vi. Letters addressed to JW (4). vii. Letter from the Premier of Western Australia. viii. Telegrams (8).

Item 26: Letters of Condolence

A total of 343 letters, notes and telegrams, addressed to JW unless otherwise specified. The letters can be divided into the following categories:

i. Letters from colleagues or ‘city’ friends (59). ii. Letters from businesses (18).

28 iii. Letters to Gordon Newton (14).9 iv. Letters from readers – addressed both to Gordon Newton and JW (20). v. Letters from friends (216). vi. Telegrams (5). vii. Letters from the FT to JW (4). viii. Letters from Poole and Lord Robbins (2).10 ix. Letter from Austen Albu, MP (1).11 x. Letters that mention the idea of a foundation (3).

Item 27: Commemorative Editions and Memorabilia.

i. Commemorative menu for The Financial News Jubilee dinner, Feb 3 1934. ii. Two copies of the Fiftieth Anniversary edition of FN, Jan 22 1934. iii. IC, Sept 2 1939. iv. ‘A Newspaper and Its Friends: Messages to The Financial News Commemorating its Jubilee’. 1934. v. FT, Mar 5 1979. A tribute to HEW appears on p.29 on the tenth anniversary of his death in the form of a reproduction of an article written by him, originally published Dec 4 1951.

Item 28: Literature on the Stock Exchange

This Item was moved from Item 24.

i. Letters, pamphlets and information sheets on the Stock Exchange.

9 Sir Gordon Newton, editor of the FT 1950-72. 10 Lord (Lionel) Robbins (1898-1984). Professor of Economics at London School of Economics 1929-1961. Chairman of the FT 1961-1970. 11 Austen Albu (1903-1994), engineer and MP.