§ 53. Miss LAWRENCEasked the Chancellor of the Exchequer the intrinsic value, at the current prices of silver, of the shilling of the 1914 currency, of the shilling of the 1924 currency, and of the shilling of the 1928 currency?
Mr. SAMUELThere has been only one change in the fineness of silver coins, namely, that authorised by the Coinage Act, 1920. Taking silver at 27d. a standard ounce, the silver content of shillings coined before 1920 is worth 4.9d., and the silver content of shillings coined after]920 is worth 2.7d.