HC Deb 10 April 1951 vol 486 c58W
62. Sir W. Smithers

asked the Chancellor of the Exchequer what is the annual profit of the Issue Department of the Bank of England since the bank was nationalised.

Mr. Jay

The annual profits of the Issue Department are under the present law paid into the Exchange Equalisation Account. It is not in the public interest to publish details of the transactions in that Account.