§ 23. Mr. KINGasked the Chancellor of the Exchequer whether he is aware, as shown by the last Report of the Royal Mint, that in 1911 gold coins amounting to over £33,000,000 sterling were issued in this country, and that this amount equals the whole issue of all the foreign coinage of 1791 the world for the same period; and whether, in view of the increase of gold coined, he will consider the desirability of legislation to make it incumbent on the Bank of England and other banks to hold larger gold reserves?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Masterman)My right hon. Friend is aware of the facts referred to, but they do not appear to him to afford a reason for legislation in the direction suggested.