§ MR. STRAUS (Tower Hamlets, Mile End)
I beg to ask MR. Chancellor of the Exchequer whether he will consider the desirability of legalising the issue of £1 bank-notes, under certain restrictions, so that the gold reserve would be increased and money would be at a less rate than is the case at present.
§ The CHANCELLOR of the EXCHEQUER (Mr. Asquith, Fifeshire, E.)
The permanent effect of an issue of £1 note son the gold reserve is a question upon which there is much difference of opinion. I cannot at this moment commit myself to any of the conflicting views; but, as I have said before, the question of gold reserves in all its aspects is engaging my careful attention.