§ Mr. Shoreasked the Chancellor of the Exchequer how many United Kingdom firms, under Article 124 of the Treaty of Accession and the Budget Statement of 22nd March 1972, have been allowed official exchange up to £1 million per project per year for direct investment in other EEC countries; and what was the total amount of official exchange involved.
§ Mr. NottBetween 22nd March 1972 and 28th September 1973, 3,178 applications for permission to use official exchange for direct investment in EEC countries were given exchange control consent. On the latest information available to the Bank of England, £153.7 million official exchange has so far been utilised.