HC Deb 10 November 1976 vol 919 cc190-1W
Mr. Henderson

asked the Chancellor of the Exchequer how many £1 notes are currently in circulation; and what is their average life.

Mr. Denzil Davies

Approximately 820 million Bank of England £1 notes and 47 million £1 notes issued by the three Scottish note-issuing banks are currently in circulation. The average life of a Bank of England £1 note is nine months.