§ Mr. Coulsonasked the Chancellor of the Exchequer whether he has any changes to propose in the coinage.
§ Mr. BarberYes. It seems clear that the farthing has now outlived its usefulness and that the convenience of the general public can best be served by withdrawing it from the coinage. Her Majesty's Government accordingly propose to advise Her Majesty to issue a Royal Proclamation under Section 11 of the Coinage Act, 1870, by which farthings will no longer be legal tender as from 1st January, 1961. Until that date, it will be open to anyone who possesses farthings to change them at a bank for coins of a higher denomination.