§ Sir G. COLLINSasked the Chancellor of the Exchequer if he will explain the item of £16,000,000 (Currency Note Investment Reserve Account) in the Revenue (Miscellaneous Receipts) for the current financial year?
§ Sir R. HORNEThis item represents the excess of the interest earned by the securities held for the Currency Note Redemption Account over the minimum amount required to be held in the Investments Reserve Account. This excess is paid over to the Exchequer in accordance with the terms of Treasury Minute of the 3rd May, 1915 (Command Paper 7918 of 1915), to which I would refer the hon. Member.