HC Deb 13 July 1954 vol 530 c11W
Mr. Arbuthnot

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

Mr. R. A. Butler

To provide for the seasonal increase in the demand for notes, the Treasury, in agreement with the Bank of England, has directed that the fiduciary note issue shall be £1,725 million, an increase of £50 million. The Treasury Minute giving this direction will be laid before Parliament.