Exchange Control Statutory Instruments)

HC Deb 29 November 1966 vol 737 cc190-1

11. Mr. John Smith

asked the Chancellor of the Exchequer whether he will now consolidate the Statutory Instruments relating to exchange control.

Mr. MacDermot

Separate Statutory Instruments are made for separate subjects and these are consolidated with their amendments from time to time.

Mr. Smith

Is the hon. and learned Gentleman aware that the Conservative Party, when it was in office, issued only nine of these Orders, but that now there are 49, and that this unco-ordinated mass of very complicated instructions hampers the earning of foreign exchange?

Mr. MacDermot

I am well aware that when the Conservative Party left office it left us a situation which required the issuing of a considerable number of additional Orders.