§ Mr. DAYasked the Financial Secretary to the Treasury what have been the profits on recoinage of silver coins for the years 1924, 1925, 1026 and 1927; and whether there has been a loss on the expense of redeeming surplus silver coins?
Mr. SAMUELDuring the four years in question the net profit arising from the recoinage of silver currency was approximately £1,300,000, and the net cost of redeeming surplus silver currency was approximately £1,900,000.