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Orders of the Day — Iran (Temporary Powers) Bill

Part of the debate – in the House of Commons at 6:35 pm on 12th May 1980.

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Photo of Mr Peter Shore Mr Peter Shore , Tower Hamlets Stepney and Poplar 6:35 pm, 12th May 1980

May I raise a point on clause 1(2)(0), which reads: shall not apply to any contract with a bank or other financial institution for the provision of banking or other financial services"? Surely the Exchange Control Act is in force, and surely that control would apply to all relevant financial matters in the case of Iran.