HC Deb 01 May 1928 vol 216 c1519
51 Sir H. BRITTAIN

asked the Chancellor of the Exchequer when it is intended to transfer the currency notes to the Bank of England note issue; whether the paper and watermark is to be similar to that of the existing £5 note; whether the size has been decided upon; and whether the design of the Houses of Parliament on the back of the note is to be retained?

Mr. CHURCHILL

I must ask my hon. Friend to await the legislation announced in the Budget Speech. I understand that it is contemplated that the size of the new notes will be the same as that of the existing £1 and 10s. currency notes, but this and other details of the issue will be a matter for the Bank of England.

Sir H. BRITTAIN

Will the right hon. Gentleman urge upon the Bank of England the point of view of size, as a matter of great convenience to numerous users of these notes?

Mr. CHURCHILL

I am not quite certain whether I am to urge it upon the Bank of England, in the sense of the size being magnified or reduced.

Sir H. BRITTAIN

Cannot we have the same size which would suit the tens of thousands of users who possess holders at the present time?

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