§ MR. O. C. PHILIPPS (Pembroke and Haverfordwest)
To ask the Secretary to the Treasury how much profit has been 11 made out of the silver currency shipped to the West Indian Colonies and British Guiana during the last twenty years.
(Answered by Mr. Runciman.) The estimated profit, representing the difference between the bullion value and the coined value of the silver supplied, may be taken as£400,000; but it must be remembered that the Imperial Government accepts the liability for the redemption of worn coins at their full nominal value.