He negotiated payment for official business and was empowered to draw bills on the British Treasury.
Consequently, the use of the Egyptian currency, suitable for the British Treasury, became inappropriate.
Agents were first appointed in 1749 to transfer and account for grants made to colonies from the British Treasury.
By 1925, it had sold 2,000 airframes and 3,000 engines, generating profits of over £2,500,000, of which half was returned to the British Treasury.
Previously he was a civil servant, working for the British Treasury and Foreign Office (1976 to 1986).
But the British Treasury and trade balance will be hit hard by measures likely to benefit other European cattle producers.
National Savings bonds, by contrast, are as secure as the British Treasury.
He met privately with officials of the British Treasury and the Bank of England.
Steve Bird, a spokesman for the British Treasury, said the government planned to use the proceeds to reduce the $537 billion national debt.
Political and legal pressure in recent months, however, has caused an already cautious British Treasury to require more evidence against potential designees than in the past.