Oral Answers to Questions — Post Office. – in the House of Commons am ar 11 Gorffennaf 1922.
Mr Fredric Wise
, Ilford
asked the Chancellor of the exchequer if he can state the amount of currency notes in circulation in Germany at the time of the Armistice and in January, 1921, January, 1922, and to date?
Mr John Baird
, Rugby
With my hon. Friend's permission, I will circulate a statement in the OFFICIAL REPORT.
Following is the statement promised;
| GERMAN NOTE CIRCULATION. | |||
| (In Millions of Marks.) | |||
| — | Reichsbank Notes. | Loan and a Treasury Notes. | Total. |
| Nov. 15, 1918 | 17,454 | 10,170 | 27,624 |
| Jan. 7, 1921 | 67,976 | 12,152 | 80,128 |
| Jan. 7, 1922 | 113,140 | 8,512 | 121,652 |
| June 23, 1922 | 157,935 | 9,785 | 167,720 |
| June 3O, 1922 | 169,212 | Not available. | — |
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
