§ 34. Mr. Christopher Priceasked the Chancellor of the Exchequer if he will take action, under exchange control, to prevent the sending of money out of the country to pay for Ian Smith sterling silver medallions.
§ Mr. MacDermotExchange control already prohibits any remittance from this country to Rhodesia for this purpose. If these medals are made in Rhodesia they may not be imported without a specific import licence, which will not be given.
§ Mr. PriceIs my hon. and learned Friend aware that some of these medallions are being held to the names of purchasers in South Africa? Is it not obvious that this money is passing out of the country for the benefit of the Rhodesian economy? Will he consult the Attorney-General to see what can be done about it?
§ Mr. MacDermotIf my hon. Friend is suggesting that we should prohibit payments from the United Kingdom to South Africa in connection with these medallions, I can only say that it could not be done without excluding South Africa from the list of scheduled territories, and we have no intention of doing that.