§ Mr. Stonehouseasked the Lord Privy Seal what estimate he has made of the effect on the sterling area of Great Britain's acceptance of Articles 67 and 71 regarding the free movement of capital; and if he has made any representations during the current negotiations in view of the importance of sterling to world trade and the need for the Commonwealth to be consulted on matters affecting the sterling area.
§ Mr. HeathIt is not possible to make a precise estimate, but there is no reason to suppose that the free movement of capital to the sterling area would be adversely affected. We have discussed this general question with the Commission and it appears that our present practice would need to be changed in only a few respects in order to comply with Community rules. We should, of course, participate in the formulation of any measures which might be adopted after our accession to the Community.