BANK OF ENGLAND. (Hansard, 22 October 1940)

HC Deb 22 October 1940 vol 365 cc944-5W 944W

§ Mr. Woodburn
asked the Chancellor of the Exchequer what were the total sums to which the Bank of England became 945W entitled in respect of interest and other services for the financial years of 1938–39 and 1939–40, respectively?

§ Sir K. Wood
The following sums were paid to the Bank of England in respect of the years 1938–39 and 1939–40:

— 1938–39. 1939–40.

£ £

For the management of the National Debt. 975,260 986,438

Interest on the original Government Debt to the Bank of England.^* 275,377 275,377

Interest on Ways and Means Advances from the Banking Department. 7,512 3,262

1,258,149 1,265,077

^* This interest is paid to the Issue Department, the profits of which accrue to the Treasury.

—	1938–39.	1939–40.
	£	£
For the management of the National Debt.	975,260	986,438
Interest on the original Government Debt to the Bank of England.^*	275,377	275,377
Interest on Ways and Means Advances from the Banking Department.	7,512	3,262
	1,258,149	1,265,077
^* This interest is paid to the Issue Department, the profits of which accrue to the Treasury.