HC Deb 19 December 1944 vol 406 c1629W
Sir W. Smithers

asked the Chancellor of the Exchequer whether, in view of the increase in the fiduciary issue and to prevent hoarding, he will call in all existing notes and make a new issue as the only legal currency after a specified date in order that inquiries may be made into the reason for any large holdings which may be disclosed.

Sir J. Anderson

No, Sir. As I have stated in reply to previous suggestions of this kind, I do not think such action either necessary or desirable.