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The Guardian - UK
The Guardian - UK
World
Jasper Jolly

Bank of England owned 599 slaves in 1770s, new exhibition reveals

James Baillie, his wife and their four children, painted by Thomas Gainsborough. The  Bacolet and Chemin plantations were sold in 1790 to James Baillie.
James Baillie, his wife and their four children, painted by Thomas Gainsborough. The Bacolet and Chemin plantations were sold in 1790 to James Baillie.
Photograph: Getty Images

In the late 18th century Britain’s Caribbean island colony of Grenada was a place of boom and bust. A hurricane, a plague of ants, and Britain’s wars against France and American revolutionaries made for volatile trade in its main commodities – sugar, coffee, and slaves.

Amid the turmoil, property changed hands regularly among Britain’s financial elite, but in the early 1770s the ownership of two plantations and 599 people passed to an unusual new owner: the Bank of England.

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