§ Sir H. O'Neill
asked the Financial Secretary to the Treasury whether he is now in a position to make any further statement about the charges for the encashment of banknotes in Scotland and Northern Ireland?
§ Mr. Assheton
As I stated in my reply to my right hon. Friend on 24th June last, the terms on which banknotes are cashed in Scotland and Northern Ireland are matters for the banks operating in those parts of the United Kingdom. The banks concerned were invited to review their practice. The Irish Banks' Standing Committee, however, do not see their way to agree to a proposal for a reciprocal arrangement for the free encashment of Scottish and Irish banknotes on the ground that, in view of the expenses involved, such an arrangement would operate to the disadvantage of the Irish banks.