56. Mr. E. P. Smith
asked the Chancellor of the Exchequer to whom the profits arising from the issue of Northern Ireland banknotes accrue?
Is the Chancellor aware that profits from the Northern Ireland issue of banknotes and Scottish banknotes amount to very nearly£500,000 a year, and is not that a henroost on which he might usefully turn his predatory eye?
§ Sir K. Wood
Yes, Sir. I have already turned my eye in that direction. Profits are already subject to taxation.