§ MR. COLERIDGE KENNARDgave Notice that to-morrow he would ask Mr. Chancellor of the Exchequer, Whether, after the passing of the Bill to reduce the intrinsic value of the half-sovereign by one-tenth, the Bank of England would be compelled to receive from bankers and others the half-sovereign now in circulation, whether heavy or light, in exchange for Bank of England notes; and, whether the Bank of England would be empowered to issue notes at the fixed value of the half-sovereign token?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. CHILDERS)I will reply to the Question now. A part of it I answered by anticipation in my Financial Statement, and the remainder will be dealt with by the Coinage Bill.