§ Mr. HANNONasked 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 493W mark, and in pounds sterling calculated on the external value of the mark, respectively?
Mr. YOUNGI 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
GERMANY. 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 1922. 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.