§ Mr. TURNER
asked the Chancellor of the Exchequer what quantity of gold was 278W in the Bank of England, and what amount of Treasury notes and bank notes were in circulation on 31st March, 1923?
§ Mr. NEVILLE CHAMBERLAIN
The following are the figures for the 28th March, the date of the weekly return nearest to the 31st March, 1923.
£ Gold in the Issue Department of the Bank of England 125,683,000 Bank of England Notes in circulation 101,987,090 Currency Notes in circulation 285,616,000
On the same date there was in the custody of the Bank of England £27,000,000 gold held for the Currency Note Reserve. The average number of notes of Scottish and Irish Banks of issue in circulation during the four weeks ending the 17th March, 1923, was
£ Scottish Banks 22,197,000 Irish Banks 17,046,000