§ Mr. Geoffrey Finsberg
asked the Chancellor of the Exchequer if he has now completed his review of the restrictions introduced in 1966 on collecting, dealing in and importing modern gold coins as well as manufacturing and importing gold medals; and if he will now make a statement.
§ Mr. Higgins
I am glad to announce the removal, from tomorrow, of these petty restrictions. I am satisfied that the justified irritation they have aroused outweighs their small importance in terms of foreign exchange.401W
The Exchange Control (Gold Coins Exemption) Order, 1971, is to be laid today revoking the 1966 Order and allowing gold coins to be freely bought, sold and held. Arrangements have also been made to relax from tomorrow, 1st April, the administrative restrictions on the use of gold for medal manufacture and the restrictions on importing gold coins and gold medals.