§ 28. Mr. Watkinsonasked the Chancellor of the Exchequer at what rate the money supply is presently expanding.
§ Mr. Joel BarnettGiven the sharp month to month fluctuations in the path of the money supply, the movement over any short period cannot give a reliable guide to the trend. But over the latest three banking months—from mid January to mid April—M1 seasonally adjusted rose by 6¾ per cent. and M3 by 3¼ per cent.