HC Deb 22 March 1922 vol 152 cc492-3W

asked the Chancellor of the Exchequer what has been the addition in each of the last six months to the Vote issue of the Bank of Germany expressed in marks, in pounds sterling calculated on the internal value of the mark, and in pounds sterling calculated on the external value of the mark, respectively?


I know of no reliable index of the internal value of the mark. Further, the fall in the value of the mark in a given period may have the effect of

Circulation of Reichsbank Notes.
Circulation. Increase over previous month. Monthly average exchange rate.
1921. Marks. Marks. Marks=£.
86,384,000,000 6,311,000,000 390
October 31 91,528,000,000 5,144,000,000 566
November 30 100,944,000,000 9,416,000,000 988
December 31 113,639,000,000 12,695,000,000 845
January 31 115,376,000,000 1,737,000,000 811
February 28 120,026,000,000 4,650,000,000 904
NOTE.—These figures exclude Loan Notes and Treasury Notes in circulation.