Brief History of Samuel Montagu as London Bullion Market Member

• Samuel Montagu & Co.
• 1853 - founded by Samuel Montagu and Ellis Franklin in Leadenhall Street.
• Moved to 21 Cornhill soon after.
• Early 1860s - moved to 114 Old Broad Street.
• Only firm combining banking and bullion broking.
• 1963 - Montagu Trust was formed as a holding company whose subsidiaries were Samuel Montagu & Co., Guyzeller Zurmont Bank and 2 insurance companies E W Payne and Bland Welch
• 1967 - Montagu Trust becomes a subsidiary of Midland Bank, remaining relatively independent until 1985.
• 1992/3 - Hongkong & Shanghai Banking Corporation take over Midland and Montagu Trust becomes part of HSBC Investment Banking Group.

Rothschild Gold Bars
As you can see from our photograph, gold bars exist with both Rothschild and Samuel Montagu stamps. It is likely that one of the companies made bars fro the other under contract.

London gold fix prices can be found on the site of the LBMA, the London Bullion Market Association.

Gold Price Future - Up or Down?

Update 4th June 2001