§ 50. Mr. RHYS DAVIES (for Mr. MORGAN JONES)asked the Secretary to the Treasury for what period it is proposed to maintain the issue of fiduciary bank notes at £275,000,000?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hore-Belisha)The period will necessarily depend on future circumstances.
§ Mr. DAVIESCan the hon. Member tell me what kind of circumstances will provide a basis for determining the period?
§ Mr. HORE-BELISHAThe whole matter depends on a recommendation from the Bank of England.