May I ask the right hon. and learned Gentleman, as Master of the Mint—which I believe he is—whether he is aware that this proposal was made publicly some time ago by his Deputy-Master and that in his annual report, issued today, the Deputy-Master is able to say that it was "well received"—by everybody except the right hon. and learned Gentleman and his predecessor? What is the reason for the delay?
I would not say that it had been badly received by me. It is an interesting suggestion, but the Deputy-Master of the Mint linked it with a number of other reforms in the currency and one must consider the whole lot together.