HC Deb 22 January 1963 vol 670 cc26-7W
Mr. Stonehouse

asked the Chancellor of the Exchequer what calculation he has made of the extra cost to Great Britain of the application of a common customs tariff on goods imported into Great Britain from the Commonwealth.

Mr. du Cann

No such calculation has been made.

Mr. Stonehouse

asked the Chancellor of the Exchequer what estimate he has made of the extent to which, in the event of the United Kingdom accepting the Treaty of Rome, the application of Article 221 three years after Great Britain's entry will affect British subjects in the Commonwealth who wish to participate in British firms and companies.

Mr. du Cann

Under the current exchange controls residents of the Commonwealth may invest freely in United Kingdom firms and companies and, with the exception of residents of Canada, may also freely repatriate their investments. The application of Article 221 will not affect this situation.

Mr. Stonehouse

asked the Lord Privy Seal what estimate he has made of the effect of Great Britain's entry into the Common Market on British friendly societies.

Mr. du Cann

I have been asked to reply.

There is no reason to suppose there would be any immediate effect.