§ 61. Mr. Lewis
asked the Chancellor of the Exchequer why the restriction on travellers to Eire of taking more than £25 in sterling notes from this country without a permit has been withdrawn; and to what extent the British Treasury exercises powers to prevent money taken in this way to Eire being subsequently sent abroad?
§ The Financial Secretary to the Treasury (Captain Crookshank)
Since Eire is in the sterling area, funds may be remitted there freely through the ordinary banking channels, and it has been decided that no useful purpose is served by restricting this particular method of taking money. As regards remittances out of Eire, an exchange control essentially similar to our own has been imposed, and is exercised, by the Government of Eire.
§ Captain Crookshank
The Question on the Paper deals only with Eire. Perhaps my hon. Friend will put his Question down.