§ Sir W. Smithers
asked the Chancellor of the Exchequer whether, in view of the increase in the fiduciary issue and to prevent hoarding, he will call in all existing notes and make a new issue as the only legal currency after a specified date in order that inquiries may be made into the reason for any large holdings which may be disclosed.
§ Sir J. Anderson
No, Sir. As I have stated in reply to previous suggestions of this kind, I do not think such action either necessary or desirable.