§ Mr. Attlee(by Private Notice) asked the Chancellor of the Exchequer whether he proposes any variation in the fiduciary note issue to meet Christmas demands?
§ Sir J. SimonYes, Sir. I have given directions at the request of the Bank of England and under the powers conferred on the Treasury by the Currency and Bank Notes Act, 1928, that as from the middle of November, 1937, the fiduciary issue which was reduced from £260,000,000 to £200,000,000 last year should be temporarily raised to £220,000,000. This arrangement is to meet seasonal demands and it is, therefore, contemplated that it will obtain for about two months, that to the middle of January, 1938.
§ Mr. J. GriffithsWill the unemployed get any of it?