HC Deb 11 June 1940 vol 361 c1146
Mr. Pethick-Lawrenee

(by Private Notice) asked the Chancellor of the Exchequer whether he has any statement to make about the amount of the Fiduciary Note Issue?

Sir K. Wood

Yes, Sir. Owing to the growing demand for currency, an increase in the Fiduciary Note Issue is necessary, and, acting under the power conferred by Section 8 of the Currency and Bank Notes Act, 1928, the Treasury have authorised an increase in the amount of the Fiduciary Note Issue by £50,000,000 to £630,000,000 as from to-day. The Treasury Minute will be laid before Parliament forthwith.