HC Deb 10 July 1952 vol 503 cc1511-2
51. Mr. J. Taylor

asked the Chancellor of the Exchequer if he is aware of the waste of time and money caused by the issue by each Scottish bank of its own design of notes; and if he will introduce legislation to require that a standard form of note should be issued by Scottish banks.

Mr. Boyd-Carpenter

The answer to both parts of the Question is, "No, Sir."

Mr. Taylor

Does the Minister not think it is rather ridiculous that we should have these seven different kinds of £1 notes? Does he appreciate that, according to the most conservative estimate I can obtain of the number of man hours wasted by the employees of Scottish banks in separating these notes for the Exchange, 2 million man hours are lost per year? Would it not therefore be sensible to encourage the production of one kind of Scottish £1 note?

Mr. Boyd-Carpenter

I do not think that Question time, immediately before a Supply Day on Scottish affairs, would be an appropriate occasion to announce the termination of rights enjoyed by Scottish organisations for over 100 years.

Mr. Woodburn

Is the Minister aware that it is important, before this perhaps quite wise economy is made, to make sure that it does not result in the closing of a large number of branches of Scottish banks which depend upon the issue of the Scottish £1 notes?

Mr. Lewis

Can the Financial Secretary arrange to have the evidence produced by my hon. Friend circulated in the OFFICIAL REPORT.

Mr. Boyd-Carpenter

I will give sympathetic consideration to that request.

Mr. Assheton

Would not my hon. Friend think it very boring if we all had the same kind of tie?

Mr. Boyd-Carpenter

Yes, Sir.

Mr. Stokes

It would be worse if we all had the same kind of face.