§ Mr. Sproat
asked the Chancellor of the Exchequer if he will give consideration to a system of special and individual application to the Treasury for an increase in the amount that can be taken out of the United Kingdom as settling-in allowance, by persons emigrating from the United Kingdom, who are over 55 years of age, and thus ineligible for normal mortgage arrangements in the country to which they are emigrating.
§ Mr. Robert Sheldon
Such a system could not be worked without disproportionate administrative cost. The permitted transfer of sterling assets upon emigration was increased to £40,000 per family unit from 27th October 1977 and, for emigration to other EEC countries, to £80,000 from 1st January 1978.