§ 50. Mr. HANNONasked the Chancellor of the Exchequer whether he has received representations from certain trade organisations on behalf of a proposal that the shilling should be divided into ten pence; if he is aware that this proposal has received the approval of the Trade Union Congress and the General Federation of Trade Unions; and if the recent arguments in support of the suggestion will receive his sympathetic consideration?
§ Mr. CHURCHILLMy right hon. Friends the President of the Board of Trade and the Financial Secretary recently received a deputation from the Trade Union Congress on this subject. It was explained to the deputation that this proposal, which is far from being a 209 new one, is, like other schemes for altering the value of the penny, open to many grave objections pointed out by the Majority of the Royal Commission on Decimal Coinage (Command Paper 628).
§ Captain GARRO-JONESIs the right hon. Gentleman aware that, if this suggestion were adopted, the only result would be that we would pay one-tenth of a shilling for everything for which we now pay one penny?