Scottish Bank Notes

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th March 1965.

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Photo of Dr Maurice Miller Dr Maurice Miller , Glasgow Kelvingrove 12:00 am, 9th March 1965

asked the Chancellor of the Exchequer if he will take steps to make more widely known in commercial circles the fact that Scottish banknotes of every denomination are legal tender in all areas of the United Kingdom and should be accepted without demur.

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

No, Sir. Scottish bank notes are not in fact legal tender anywhere in the United Kingdom, although I believe that in practice they are fairly generally accepted in both England and Wales as well as Scotland.

Photo of Dr Maurice Miller Dr Maurice Miller , Glasgow Kelvingrove

Is my hon. and learned Friend aware that if this were more widely known in Scotland it might precipitate or provoke a rebellion the scale of which would be very much in excess of that which happened in 1745 because of the extent of the infiltration into England since that time? Will he take steps to see that these notes are made legal tender all over the country?

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

There would be difficulties about that as there are at least 20 different kinds of Scottish bank note. As for Scotland itself, if my hon. Friend knows of any case of a Scotsman refusing a bank note I would be glad to hear of it.

Photo of Mr James Stodart Mr James Stodart , Edinburgh West

Is the hon. and learned Gentleman aware that, in recent weeks, owing to the attractive nature of the Scottish bank notes and the great reputation for stability which Scottish banking has, I was offered and accepted a guinea for a Scottish bank note? Will he encourage this reaction?

Photo of Mr Willie Hamilton Mr Willie Hamilton , Fife West

In view of the unsatisfactory nature of the reply, I beg to give notice that I shall seek to raise the matter on the Adjournment at the earliest opportunity.