§ 64. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer how many notices have been served on residents in the United Kingdom consequent upon the powers conferred upon him under Section 30 of the Exchange Control Act, 1947; and the general principles upon which such notices have been served.
§ Sir S. CrippsThree such notices have been served, all under Section 30 (1) (i) of the Act. They have been served in cases when informal requests by the Bank of England, for information about the assets or business of a foreign company controlled by residents of the United Kingdom, have not been met.
§ Colonel Crosthwaite-EyreHave they been issued only for the purpose of 1007 securing information? Have no proceedings been taken subsequently under the Exchange Control Act?
§ Sir S. CrippsNone has so far been necessary.