§ Mr. A. HERBERTasked the Chancellor of the Exchequer what has been the value of paper money issued monthly by the Treasury from 1st June, 1919, to 1st June, 1920?
Mr. CHAMBERLAINWith my hon. Friend's permission, I will circulate in the OFFICIAL REPORT a statement containing the figures in answer to this question.
The following is the statement referred to
The total amounts of currency notes outstanding on various dates from June, 1392W 1919, as shown in the published weekly returns, were, in round figures, as follow:—
1919. £ 2nd July … 342,952,000 30th July … 338,787,000 3rd September … 330,787,000 1st October … 335,021,000 29th October … 336,578,000 3rd December … 340,278,000 31st December … 356,152,000 1920. … 4th February … 329,830,000 3rd March … 327,529,000 31st March … 335,372,000 28th April … 337,377,000 2nd June … 351,051,000 29th September … *350,496,000 13th October … *353,306,000 20th October … *352,795,000 * Excluding notes of the earlier issues called in but not yet cancelled. The uncovered (fiduciary) issue was, on 2nd July, 1919, £314,452,000; on 2nd June, 1920, £313,701,000; and on 20th October, 1920, £305,545,000.