§ 45. Air-Commodore Harveyasked the Chancellor of the Exchequer if, with a view to economy, he will consider introducing £2 Treasury notes.
§ 46. Mr. Peter Freemanasked the Chancellor of the Exchequer whether he will issue Treasury Notes of the value of £2 and £3 to minimise the counting of large numbers of £1 notes, especially by banks, and for the convenience of the public generally.
§ Air-Commodore HarveyDoes not the right hon. Gentleman agree that if he adopted the suggestion it would save a lot of paper and would lessen black market deals?
§ Mr. Glenvil HallYes, but it would require legislation. It would take a long time to elaborate the designs, and the shape would have to be different. We have now standardised the printing of notes to a very high degree.
§ Mr. FreemanDoes not my right hon. Friend agree that it is convenient to have a variety of coins, and does not the same apply to £1 notes?
§ Lieut.-Colonel Sir Thomas MooreWould it not be more beneficial to make the present £1 notes really worth £1?