HC Deb 22 October 1942 vol 383 cc2151-2W
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 it would be against the public interest to disclose the amount and the nature of the securities held against the note issue.