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Fiduciary Note Issue

Volume 498: debated on Tuesday 8 April 1952

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asked the Chancellor of the Exchequer if Her Majesty's Government will fix a ceiling to the amount of the fiduciary issue.

No. The amount of the fiduciary note issue is carefully considered, from time to time, by the Treasury in consultation with the Bank of England, and is fixed at the level necessary to satisfy the demands of the public for notes.