Replying to myself, but...
As late as 19th April 1963, a Ministry of Public Buildings and Works note revealed that the Bank of England were interested in the Valley Tunnels at Rhydymwyn: it read as follows
"The Home Defence Committee decided on 19th March that the NATO Wartime Civil Agencies should be accommodated in the Valley Tunnels, together with a Sub-Regional Headquarters.
A bid has since been received from the Treasury for the Bank of England to be allotted 30,000 square feet of Valley Tunnel for the deposit of bullion (Codeword MALLARD).
I understand that the total area of Valley Tunnels is 75,000 square feet, of which the NATO Agencies are expected to require about 40,000 square feet and the Sub-Regional Headquarters 20,000 square feet, which would not leave room for the Bank of England, thougg it might just be possible if these figures prove adjustable.
I would be very grateful if you would let me know whether you see any possibility of being able to fit into Valley Tunnels a sealed off area of 30,000 square feet for the Banke of England inaddition to the NATO Agencies and the Sub-Regional Headquarters.
I am hoping the Home Office can at the same time state whether, if it does come to the point of choosing between the Sub-Regional Headquarters and the Bank of England, they could in fact put their Sub-Regional Headquarters elsewhere.
If they say no, or if your work has already gone too far to allow easily for change, we shall have to find a different hole in the ground for the Bank of England, and I will be glad of any suggestions."
Shortly afterwards, the contingency planing changed and the Bank of England abandoned plans to remove the gold reserves from London.
Hello again darkness, my old friend...