§ Mr. Lubbockasked the Chancellor of the Exchequer on what dates, and with what organisations, consultations took place between his Department and the interests concerned, on decimal currency systems.
§ Mr. CallaghanThe Government's decision for the £ new penny ½ system was taken on the recommendation of the Report of the Committee of Inquiry on Decimal Currency (Cmnd. 2145) and reactions to it. In the course of the inquiry the Committee received written evidence from almost 200 organisations and heard oral evidence from 35.
Since the decision on decimalisation was announced on 1st March, 1966, there have been discussions between the Treasury and other Departments and various organisations on the way in which their interests would be affected by the Government proposals.