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Mint (Expenditure)

Volume 154: debated on Tuesday 30 May 1922

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asked the Chancellor of the Exchequer why the gross expenditure of the Mint, including coinage, has gone up from £143,374 in 1913–14 to £383,160 in 1921–22 and £6,019,000 in 1922–23?

The gross expenditure is increased owing to an accounting change introduced this year under which the silver withdrawn for recoinage is passed through the Vote account. The hon. Member will have observed that there is a counterbalancing increase in the receipt and that the net total of the Vote remains a nominal sum of £10.