Mr. John David Taylorasked the Chancellor of the Exchequer what effect his statement on 12 November about the abolition of the £1 note will have on Ulster bank, Northern bank, Bank of Ireland and Allied Irish bank £1 notes issued in Belfast.
§ Mr. LawsonThe decision to cease issuing the Bank of England £1 note does not alter the position of notes issued by banks in Northern Ireland, on which decisions are a matter for the banks concerned.
§ Mr. Watsonasked the Chancellor of the Exchequer how many £1 notes were issued in 1983.
§ Mr. Ian StewartApproximately 660 million.
§ Mr. Skeetasked the Chancellor of the Exchequer why he is not prepared to consider a plastic £1 note, similar to that used in the Isle of Man.
§ Mr. Ian StewartPlastic notes are too easily forged and therefore unsuitable for a country with a large currency circulation.