§ Sir S. Reed
asked the Chancellor of the Exchequer whether he has any statement to make about the amount of the fiduciary note issue?
§ Sir J. Anderson
Yes, Sir. The Treasury acting under the power conferred by Section 8 of the Currency and Bank Notes Act, 1928, as subsequently amended, have authorised an increase in the amount of the fiduciary note issue by £50,000,000 to £1,100,000,000 as from 7th December, 1943. The Treasury Minute will be laid before Parliament.