HC Deb 22 March 1923 vol 161 cc2799-800W

asked the Chancellor of the Exchequer what precisely the saving is that is being effected by the debasement of the silver coinage; if there is more bad now than before the debasement; and if he is considering a return to sterling silver?


I presume, though I do not accept the description, that by debasement the hon. Member has in mind the reduction in the silver fineness of token silver coin. The saving resulting from this change depends on the amount of silver recoined, but has already amounted to several million pounds. The answer to the last two parts of the question is in the negative.