§ Mr. A. WILLIAMSasked the Under Secretary of State for the Colonies whether any financial gain has accrued from the issue of silver currency in West Africa; and, if so, what is the estimated total and to what objects will such accretion be devoted?
§ Lieut.-Col. AMERYAs regards the profits made by the West African Currency Board on the issue of silver coinage, I would refer the hon. Member to the Reports of the Board, which have been presented to Parliament. Out of the income received from its investments the Board paid over to the West African Colonial Governments last January the sum of £100,000. It is anticipated that a further sum will be paid over next July.