§ 40. Sir F. WISE
asked the Chancellor of the Exchequer the rates of gold to legal tender on the 31st March, 1914, and on the 31st March, 1927?
§ Mr. McNEILL
Apart from any gold coin that there may be in the hands of the public, the ratio of gold to the legal tender money (notes and coin) in active circulation on the 31st March, 1927, is estimated at 34.5 per cent. No estimate is available for 31st March, 1914, but the ratio at that date probably did not differ materially from that at 30th June, 1914, when it is estimated to have been 86.5 per cent.