§ 42. Mr. JOELasked the Secretary to the Overseas Trade Department the 1925 names of those countries which still impose restrictions upon exchange transactions; and whether, so far as British subjects are concerned, any such restrictions by any countries have been modified since the beginning of the year?
§ Mr. COLVILLEThere are some 30 countries affected, and I propose, therefore, with my hon. Friend's permission, to circulate the names with the OFFICIAL REPORT. Since the beginning of 1932 some change has been made in the form of control in practically all these countries. In a few cases only has there been an improvement. In Sweden and Finland exchange control was removed in December, 1931. In Portugal and Spain the difficulties have been reduced. In Estonia efforts are being made to liquidate outstanding debts and in Venezuela the rationing system adopted by the banks has been removed.
§ Following is the list of countries in which restrictions upon exchange transactions are operative:
- Austria.
- Bulgaria.
- Czechoslovakia.
- Denmark.
- Estonia.
- Germany.
- Greece.
- Hungary.
- Iceland.
- Latvia.
- Portugal.
- Rumania.
- Spain (including Canary Islands).
- Turkey.
- Yugoslavia.
- Portuguese West Africa.
- Portuguese East Africa.
- Portuguese Guinea.
- Argentina.
- Bolivia.
- Brazil.
- Chile.
- Colombia.
- Costa Rica.
- Ecuador.
- Nicaragua.
- Salvador.
- Uruguay.
§ In the following countries registration or supervision is undertaken by the banks: Italy, Lithuania, Norway.