§ 51 Sir H. BRITTAINasked 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. CHURCHILLI 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. BRITTAINWill 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. CHURCHILLI 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. BRITTAINCannot we have the same size which would suit the tens of thousands of users who possess holders at the present time?