Oral Answers to Questions — Coal Mining Industry. – in the House of Commons am ar 7 Rhagfyr 1926.
asked the Chancellor of the Exchequer were the currency note issue and the Bank of England note issue combined, what the total note issue would be; what would be the gold and silver holdings held as a reserve; and what would be the total fiduciary issue and the percentage rates of the same to the total note issue?
As the reply contains many figures, I will with my hon. Friend's permission circulate it in the OFFICIAL REPORT.
Combining the figures in the weekly Bank Return and the Currency Note Statement for the week ending 1st December, the position shown is—
£ | s. | d. | |
Bank of England Note Issue | 171,164,110 | 0 | 0 |
Currency Notes etc. Outstanding | 284,493,689 | 10 | 0 |
455,657,799 | 10 | 0 | |
Deduct, Bank Notes held for Currency Note Account | 56,250,000 | 0 | 0 |
Net Total Note Issue | 399,407,799 | 10 | 0 |
Gold Coln and Bullion | 151,414,110 | 0 | 0 |
The Currency Note Statement includes £6,300,000 silver Coln but this is not reckoned as reducing the fiduciary issue | — | ||
Total Fiduciary Issue | £247,993,689 | 10 | 0 |