§ Sir I. Albery
asked the Chancellor of the Exchequer whether he has any statement to make about the amount of the fiduciary note issue.2076W
§ 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 millions to £1,150 millions as from 7th March, 1944. The Treasury Minute will be laid before Parliament.