HC Deb 22 September 1931 vol 256 cc1457-8
48. Mr. HOFFMAN

asked the Chancellor of the Exchequer how long it is intended to keep the fiduciary note issue at the figure of £275,000,000?

Mr. P. SNOWDEN

The period must clearly depend on future circumstances.

Mr. HOFFMAN

In view of the fact that the note issue was based on sterling at its pre-War parity, has not a case been made out for substantially increasing the note issue?

Mr. SNOWDEN

I should be very glad to receive a statement of the case from the hon. Member.

Lieut.-Commander KENWORTHY

Did not the right hon. Gentleman receive a statement on behalf of the party in February, and he took no notice of it?