Note Holdings.

Part of Oral Answers to Questions — National Finance. – in the House of Commons on 28th July 1942.

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Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

I entirely agree with my hon. Friend's desire to see holdings of notes with the public reduced to a minimum. As I have previously pointed out, large individual holdings and unduly large holdings by traders expose the holders to a real risk of loss. Moreover, that risk is quite unnecessary in view of the opportunities of depositing the notes in Savings Banks or other banks, all of which offer facilities for ready withdrawal in case of need.