§ Mr. Shepherd
asked the Chancellor of the Exchequer whether he will make a statement about the fiduciary note issue
§ Mr. R. A. Butler
Yes. In anticipation of a further seasonal increase in the demand for notes, the Treasury yesterday authorised an increase of £50 million in the fiduciary note issue, bringing the total of the issue up to £1,550 million. The Treasury minute will be laid before Parliament.