§ 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. Bossom
As this country is gradually moving towards the adoption of 1216 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?