Coin Redemption as a Standing Service

Neil Wilson made this Rhyddid Gwybodaeth request to Her Majesty's Treasury

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Roedd y cais yn llwyddiannus.

Dear Her Majesty's Treasury,

Note 6a to the Consolidated Fund Accounts 2020-2021 states that 'Royal Mint (redeemed coinage)' is a Standing Service.

I wonder if you could tell me under what legislative provision coin redemption is a standing service. Sums received for coin are directed to the Consolidated Fund under the Coinage Act 1971 4(7), but there doesn't appear to be anything covering redemption being paid from the Consolidated Fund in that act.

Would the standing service redemption provision cover the remote contingent liability for coin listed at p14 in the Consolidated Fund Accounts, or would HM Treasury have to cover that liability (should it occur to any extent) via a Supply Vote?

Yours faithfully,

Neil Wilson

FOI Requests, Her Majesty's Treasury

Our ref: FOI2021/24069

Dear Neil Wilson,

Thank you for your request for information which we are considering under
the terms of the Freedom of Information Act 2000.

This is to confirm receipt of your request and to let you know that it is
receiving attention. If you have any enquiries regarding your request do
not hesitate to contact us.

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Yours sincerely

Information Rights Unit | Correspondence and Information Rights | HM
Treasury, 1 Horse Guards Road, London, SW1A 2HQ [1]www.gov.uk/hm-treasury

Correspondence and Information Rights | HM Treasury, 1 Horse Guards Road,
London, SW1A 2HQ [2]www.gov.uk/hm-treasury

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FOI Requests, Her Majesty's Treasury

1 Atodiad

Dear Neil Wilson

Please find attached a response to your recent FOI request.

Kind regards

Information Rights Unit

| HM Treasury | Ground Orange | 1 Horse Guards Road, SW1A 2HQ |
[1]www.gov.uk/hm-treasury

References

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