Crossword Genius

Let me take that - British silver is turning up … (4,1)

Ross

I believe the answer is:

bags i

'let me take that' is the definition.
('bags I' is used to claim or reserve something)

'british silver is turning up' is the wordplay.
'british' becomes 'b' (abbreviation e.g. in 'BBC').
'silver' becomes 'Ag' (Ag is the chemical symbol for silver).
'turning up' is a reversal indicator.
'is' reversed gives 'si'.
'b'+'ag'+'si'='BAGS I'

(Another definition for bags i that I've seen is " I claim".)

I've seen this clue in The Independent.
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