§ 54. Mr. Craven-Ellisasked the Chancellor of the Exchequer if the Treasury receive the profits accruing from the note 1199 issues of the Scottish and Northern Irish banks, which have increased since September 1939 by 31.7 million pounds and 5.8 million pounds, respectively.
§ Sir J. AndersonNo, Sir.
§ Mr. Craven-EllisCan my right hon. Friend give any estimates of these profits and say why these banks should not be put on the same footing as the Bank of England?
§ Sir J. AndersonThe figures given in the Question do not relate to profits but to issues on which there may be no profits, because the issues have to be backed by Bank of England notes or coin. As regards the treatment of banks, that is governed by Statute law.