A hundred years ago | The Czar’s fortune
This archival piece recounts a 1924 report regarding a large fortune deposited by the late Czar Nicholas of Russia in London banks. The article highlights the legal difficulties faced by the Czar's surviving relatives in claiming the funds due to the lack of proof of his death.
Why it matters
It provides historical context on the fate of Czarist assets following the Russian Revolution and the complexities of international financial diplomacy.
A special cable to “The Times of India” from London, dated July 26th states:—
A former attache at the Czar’s court informs certain Italian newspapers that Czar Nicholas deposited a fortune in London on the outbreak of war of which, despite withdrawals to alleviate Russian distress, £12,000,000 plus interest remains.
The Czar’s surviving relations desire King George or ex-King Manuel to arbitrate its disposal but cannot legally prove the Czar is dead.
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