HC Deb 30 July 1936 vol 315 cc1756-7W
Mr. T. MORRIS

asked the Financial Secretary to the Treasury whether in view of the report of the Committee of Public Accounts calling attention to the faulty execution of a foreign coinage order by the Mint and its inability to secure from a sub-contractor the cost of replacing the coins rejected, he can state the loss to the British taxpayers; and what steps are being taken to avoid any similar action in future?

Mr. W. S. MORRISON

The cost of replacing the defective coins was £1,905 but assuming that payment for the order is ultimately made in full there will still be a small profit on the transaction. In reply to the latter part of the question, I would ask my hon. Friend to await the Treasury Minute on the report of the Public Accounts Committee which will be issued later in the year in accordance with the usual practice.