HC Deb 02 December 1925 vol 188 cc2227-8
78. Sir F. WISE

asked the Chancellor of the Exchequer the total legal tender on the 30th June, 1914, and on the 30th October, 1925, with the approximate percentage of gold in each case?

Mr. McNEILL

I presume that by legal tender in this connection my hon. Friend means legal tender notes. On that assumption, the figures are, for 30th June, 1914, £56,926,000 and 67.6 per cent., and for 30th October, 1925, £403,558,000 and 36.8 per cent.

Sir F. WISE

Why not gold?