REPAYING AMERICA
£30.000,000 SAVING FROM COINAGE BILL LONDON, October 16. The British Treasury will save £30,000,000 by the operation of the Coinage Bill. This measure _ substitutes cupro-nickel for silver in the existing coinage. It thus will enable Britain to repay to the United States 88,000,000 ounces of silver which”" Britain borrowed from America in wartime under the lendlease act. The Chancellor of the Exchequer (Dr. Hugh Dalton) gave these figures in the House of Commons last night in moving the second reading of the Coinage Bill . The Bill was not opposed, but members on all sides of the House expressed regret at this break in the traditional link between silver and the British currency.
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Greymouth Evening Star, 17 October 1946, Page 6
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114REPAYING AMERICA Greymouth Evening Star, 17 October 1946, Page 6
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