§ Mr. D. G. SOMERVILLE
asked the Chancellor of the Exchequer the face value of the entire silver coinage of this country as issued by the Mint for current circulation; and what is its value according to the present price of silver?
§ Mr. P. SNOWDEN
Silver coin now in circulation issued under the Coinage Age Act, 1920, is about £38,000,000 face value; with silver at 18d. an ounce the bullion content is worth £5,800,000. Silver of the old fineness issued before 1920 may be about £10,000,000 face value, but the estimate is very uncertain. The bullion contained would be worth £2,700,000. The figures relate to Great Britain and Northern Ireland, and silver coin in the Issue Department of the Bank of England is excluded.