§ Mr. CanavanTo ask the Chancellor of the Exchequer what estimate he has of the number of pounds sterling coins and notes which are in circulation(a) in Scotland and (b) in the United Kingdom.
§ Mr. LilleyThe total number of £1 coins in circulation in the United Kingdom is estimated at 842 million. There are no statistics available on the number of £1 coins in circulation in Scotland. At the end of February 1989 there were 102 million Bank of England £1 notes recorded as outstanding, but none of these is in active circulation anywhere in the United Kingdom. Certain Scottish and Northern Irish banks retain a privilege to issue their own bank notes; the numbers of each denomination of their notes in circulation is a matter for them.