14. Mr. Vane
asked the President of the Board of Trade why he has amended the open general licence affecting the export of works of art.
§ Mr. P. Thorneycroft
The licence was amended in order to raise from £100 to £500 the value at which works of art may be exported to non-sterling destinations. The value limit is now the same for the non-sterling area as for the sterling area.
May I ask my right hon. Friend what particular reason he has for doing this because, surely, he does not want to encourage the export of works of art?
§ Mr. Thorneycroft
In principle, I think the same level should apply to both the sterling and the non-sterling area, and this change merely brings them into line. The difference was originally used for some exchange control purpose.