Fiduciary Note Issue

HC Deb 09 December 1952 vol 509 c36W

Mr. Arbuthnot

asked the Chancellor of the Exchequer whether he will make a statement about the fiduciary note issue.

Mr. R. A. Butler

Yes. In order to provide for the usual seasonal increase in the demand for notes, the Treasury yesterday authorised an increase of £50 million in the fiduciary note issue, bringing the total of the issue up to £1,550 million. The Treasury Minute will be laid before Parliament.