HC Deb 29 July 1954 vol 531 cc82-3W
Mr. Assheton

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

Mr. R. A. Butler

Yes. To provide for a further 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£1,750 million, an increase of£25 million. The Treasury Minute giving the direction will be laid before Parliament.