Bank of England Note Issue

HC Deb 07 June 1961 vol 641 cc99-100W

Captain Kerby

asked the Chancellor of the Exchequer what is the amount of the Bank of England note issue; and by what value of gold and bullion it is backed.

Mr. Barber

On 31st May, 1961, the amount of the Bank of England note issue was £2,325,361,499, of which £361,499 was backed by gold coin and bullion,£760,697 by coin other than gold coin, and the remainder by Government debt, Government and Government-guaranteed securities and other securities as set out in the Bank of England Return for that date.