HC Deb 06 December 1938 vol 342 cc1006-7
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. Simon

Yes, 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 to-day, 6th December, 1938, the fiduciary issue, which was reduced from £260,000,000 to £200,000,000 in 1936, should be temporarily raised to £230,000,000 in order to meet seasonal demands.

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