NEW HIGH RECORD
BRITISH NOTE CIRCULATION
(British Official Wireless.) August 7, 11 a.m.)
RUGBY, August 6. The note circulation of £454,406,397 shown in this week's Bank of England return is a new high record. The circulation at the corresponding time last year—at the height of the holiday season—was £411,835,941, and after the autumn decline it rose at Christmas to £434,506,785.
Recent increases in circulation--have been in part due to the foreign demand on account of hoarding, and have been associated with the rise in the last three months of about £41,000,000 in the banks' holding of gold.
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Bibliographic details
Evening Post, Volume CXXII, Issue 33, 7 August 1936, Page 8
Word Count
97NEW HIGH RECORD Evening Post, Volume CXXII, Issue 33, 7 August 1936, Page 8
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