§ Mr. Chetwynd
asked the Chancellor of the Exchequer if he will make a statement about the fiduciary note issue.
§ Mr. Gaitskell
Yes. The Treasury Minute authorising the maintenance of a fiduciary note issue of £1,350 million expired on 10th December. In anticipation of the normal seasonal increase in the demand for notes the new Treasury Minute, which is being laid before Parliament today, authorises an increase in the fiduciary issue by £25 million to £1,375 million.