the Committee and Parliament, respectively.
the Committee and Parliament, respectively. The Stock Exchange ended up being closed from the end of July until the New Year, introducing again street business as well as on the “challenge system”. The Exchange was set to open again on 4 January 1915 under tedious restrictions, as transactions were to be in cash only. Due to the limitations and challenges on trading brought by the war, almost a thousand members quit the Exchange from 1914–18. When peace returned in November 1918, the post-war mood on the trading floor was generally cowed. In 1923 the Exchange received its own Coat of Arms, with the motto “Dictum Meum Pactum”, My Word is My Bond.
Second World WarIn 1937, experiences from
Second World WarIn 1937, experiences from the First World War made officials at the Exchange draw up plans on how to handle a new war situation. One of the main concerns were air-raids and the subsequent bombing of the Exchange's perimeters, and one suggestion was a move to Denham. This however, never took place. On the first day of September 1939, the Exchange closed its doors “until further notice” and two days later, the declaration of war was signed. Unlike from the prior war, the Exchange opened its doors again six days later, on the 7th of September. As the war escalated into its second year, the concerns for air raids were greater than ever. Eventually, on the night of 29 December 1940 one of the greatest fires in