The Old Lady at sea
The Bank of England once owned a succession of yachts, which each went by the name of Ingotism, an insider’s reference to its old telex address and to the bullion stored deep in the sub-basements of the Threadneedle Street offices. This is the story of how Ingotism was sunk – in a manner of speaking – and of how I got a good share of the blame from the Bank’s sailing club.
tide by tide 