Note Issue

Part of Oral Answers to Questions — National Finance – in the House of Commons on 8th October 1942.

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Photo of Sir William Davison Sir William Davison , Kensington South

As the great increase in the note issue total between 1938 and the present time is exercising the mind of the public, can the Chancellor say whether it is due to a step towards inflation or whether he considers that part of the reason is the large amount of cash required to pay the increased wages of munition workers and others?