§ Sir G. Mitchesonasked the Chancellor of the Exchequer when it is proposed to terminate the use of postal orders as currency; and whether he will state the average weekly loss due to the cessation of the poundage on postal orders?
§ Sir J. SimonIn reply to the first part of the question, I cannot at present add anything to the reply which I gave to my hon. Friend the Member for South Croydon (Sir H. Williams) on 26th September. As regards the second part of the question, it is not possible at present to estimate what poundage would have been received on postal orders if they had not been legal tender, but the gross revenue from poundage during the year 1938–39 was £2,237,000.