Paper Money.

Oral Answers to Questions — Ireland. – in the House of Commons at on 9 May 1922.

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Colonel NEWMAN:

64.

asked the Chancellor of the Exchequer whether paper money now in circulation in Ireland or which may be issued on behalf of or by an Irish bank, has behind it the same guarantee as paper money issued by the Bank of England; and, if not, will he say what value is possessed by a £1 note of the Bank of Ireland for purposes of legal tender in Great Britain?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

Irish bank notes are not legal tender in Great Britain, and have never been. The Irish note issues are private issues, and their position is in no way altered by the changed constitutional position.