§ Major Lyonsasked the Secretary of State for the Colonies why currency notes to the value of 200 shillings up to 10,000 1069W shillings are being issued by the East African Currency Board; and whether he will have this practice discontinued at the present juncture.
§ Colonel StanleyNotes of the 200 shilling denomination are no longer issued, though a few are still in circulation. The two higher denominations issued are 1,000 shilling and 10,000 shilling notes. As the banks in East Africa have no clearing system equivalent to that in this country these notes are used predominantly for necessary clearing operations, and J see no reason to suggest to the Currency Board that their issue should be discontinued.