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Mr. Douglas
asked the Financial Secretary to the Treasury what was the amount of profit on Bank of England notes available for the Treasury under Section 6 of the Currency and Bank Notes Act, 1928, in each of the last three financial years?
Mr. Assheton
The net profits of the note issue paid over to the Treasury in the last three years were as follow:
Year ended | £ | s. | d. |
31st March, 1941 | 8,892,648 | 4 | 6 |
31st March, 1942 | 7,637,031 | 6 | 3 |
31st March, 1943 | 9,070,697 | 14 | 7 |