Five-shilling Pieces

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29th November 1960.

Alert me about debates like this

Photo of Mr Tom Driberg Mr Tom Driberg , Barking 12:00 am, 29th November 1960

asked the Chancellor of the Exchequer if he has now considered further the desirability of issuing a small five-shilling piece of silver; and if he will make a statement.

Photo of Mr Selwyn Lloyd Mr Selwyn Lloyd , Wirral

I have nothing to add to the reply given to the hon. Member on 31st May.

Photo of Mr Tom Driberg Mr Tom Driberg , Barking

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?

Photo of Mr Selwyn Lloyd Mr Selwyn Lloyd , Wirral

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.