§ Mr. HARMSWORTHasked the Chancellor of the Exchequer whether the Royal Mint still carries on competition with private enterprise in the manufacture of medals and products of like nature; and, if so, whether there is a profit on such trading?
§ Mr. McNEILLThis matter was very fully considered twelve months ago when my right hon. Friend, who was then Financial Secretary, received a representative deputation from the trade associations concerned, and I will send the hon. Member a copy of the letter stating the decisions arrived at. The Mint undertakes the manufacture of medals when actually asked to do so by private individuals. No kind of advertising is employed. Quotations for such work include the full cost under all heads and a reasonable margin for profit.