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Farthings

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 19th November 1957.

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Photo of Mr Marcus Lipton Mr Marcus Lipton , Lambeth Brixton 12:00 am, 19th November 1957

asked the Chancellor of the Exchequer when farthings were last minted; and whether, in view of the ¾d. reduction in the price of petrol, he will now mint more farthings.

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

Farthings were last minted in February, 1956. The present supply should be sufficient to meet requirements.

Photo of Mr Marcus Lipton Mr Marcus Lipton , Lambeth Brixton

As it costs ½d. to make ¼d., is it not rather stupid of the oil companies to try to force this useless coin into greater circulation again? Will the Chancellor, therefore, ask the oil companies and the petrol retailers to forgo ⅛d. per gallon each and thus give the public 1d. reduction? It would be very much simpler and more sensible, would it not?

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

Yes, Sir, but I am answering for the Mint and not for the oil companies.