Fiduciary Note Issue

HC Deb 13 June 1951 vol 488 c189W

Mr. Darling

asked the Chancellor of the Exchequer whether he will make a statement about the fiduciary note issue.

Mr. Jay

Yes. The Treasury have authorised an increase in the amount of the fiduciary note issue by £50 million to £1,400 million as from 12th June, 1951, in anticipation of the seasonal increase in the demand for notes. The Treasury Minute will be laid before Parliament.