HC Deb 20 November 1952 vol 507 c182W
55. Mr. Norman Smith

asked the Chancellor of the Exchequer whether he will use his powers under Section (4) of the Bank of England Act, 1946, to direct that the existing issue of £1 and 10s. notes shall be replaced, as soon as may be during the Coronation year, with notes of a new design incorporating the image of the reigning Sovereign.

Mr. Boyd-Carpenter

I am satisfied that the powers in question are not appropriate for this purpose, and regret that the hon. Member's suggestion is not practicable.