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Captain Kerby
asked the Chancellor of the Exchequer in view of the fact that under present regulations legal tender defines the maximum amount of silver or copper coins persons are bound to accept as payment in cash, what similar limit has been fixed for the new decimal coins; and if he will make a statement.
Mr. Higgins
From D Day the decimal bronze coins, the present penny and the threepenny piece will be legal tender for amounts up to 20 new pence (4 shillings), and silver or cupro-nickel coins up to and including the 10p (2 shillings) for amounts up to £5. The 50p coin is now legal tender up to £10.