HC Deb 14 March 1950 vol 472 c40W
57. Mr. D. Marshall

asked the Chancellor of the Exchequer why the exchange of silver coin for cupro nickel coin has resulted in an estimated expenditure of£10,000,000.

Sir S. Cripps

I assume that the hon. Member is referring to the revised estimate of£10 millions under subhead L in the Supplementary Estimate for the Mint. This£10 million provides for payments at face value of silver coin withdrawn from circulation and is offset by Appropriations in Aid consisting of the receipts from the sale of silver extracted from the coin and the excess of face value over bullion value of cupro nickel coin put into circulation.

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