Exchange Control (Rhodesia)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18th July 1967.

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Photo of Mr Chris Price Mr Chris Price , Birmingham, Perry Barr 12:00 am, 18th July 1967

asked the Chancellor of the Exchequer if he will take action, under exchange control, to prevent the sending of money out of the country to pay for Ian Smith sterling silver medallions.

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

Exchange control already prohibits any remittance from this country to Rhodesia for this purpose. If these medals are made in Rhodesia they may not be imported without a specific import licence, which will not be given.

Photo of Mr Chris Price Mr Chris Price , Birmingham, Perry Barr

Is my hon. and learned Friend aware that some of these medallions are being held to the names of purchasers in South Africa? Is it not obvious that this money is passing out of the country for the benefit of the Rhodesian economy? Will he consult the Attorney-General to see what can be done about it?

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

If my hon. Friend is suggesting that we should prohibit payments from the United Kingdom to South Africa in connection with these medallions, I can only say that it could not be done without excluding South Africa from the list of scheduled territories, and we have no intention of doing that.