HC Deb 28 July 1964 vol 699 cc1215-6
13. Mr. Clive Bossom

asked the Chancellor of the Exchequer whether he will consider introducing a 4s. or 5s. piece in place of the present 2s. 6d. coin.

Mr. Maudling

No, Sir.

Mr. Bossom

As this country is gradually moving towards the adoption of the decimal system, could not we have 100s. or £5 as the unit of currency? This formula would save hundreds of thousands of pounds. If it is worked out, could not the half-crown piece be discontinued? Then we would need only to get rid of the threepenny and sixpenny piece later on. In the meantime, will' not my right hon. Friend consider this proposal? Can he tell us whether the Government will make a statement on the findings of the Halsbury Report, and what action will be taken?

Mr. Maudling

These are very interesting suggestions, but they go rather wide of the original Question.

Mr. Shinwell

In view of the reduced value of money since the Government came in in 1952, is not this a most desirable—indeed, an essential—proposal?

Mr. Maudling

The half-crown stood up to the party opposite.