§ Mr. Craven-Ellis
asked the Chancellor of the Exchequer the total amount of annual gross interest received by the Bank of England from the Government securities held by them as backing for the fiduciary note issue amounting to £880,000,000?
§ Sir K. Wood
As my hon. Friend is no doubt aware it is a long standing rule that this information should not be given as it2152W would be against the public interest to disclose the amount and the nature of the securities held against the note issue.