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Silver Coinage

Volume 446: debated on Tuesday 27 January 1948

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asked the Chancellor of the Exchequer whether, in view of the shortage of silver coins and the great inconvenience and hardship caused, he will consider the issue of a Treasury note of the denomination of six shillings and thereby considerably lessen the inconvenience.

No. The proper remedies for the shortage of coin are, first, to encourage the circulation of existing supplies and, second, to keep the Mint in full production of new coin. Both remedies are being energetically applied. In my reply of 20th January to the hon. Member for Leek (Mr. Harold Davies), I indicated that generally the situation had slightly improved, and I have received evidence of further improvement since that date.