HC Deb 19 June 1967 vol 748 c204W
Mr. Dalyell

asked the Chancellor of the Exchequer by what authority he has permitted large sums of money to be transferred from Great Britain to Israel and Arab countries over the last four weeks.

Mr. Callaghan

Such transfers as have taken place to the non-Sterling Area have been made under the provisions of the Exchange Control Act, 1947. No permission is required for transfers to the Sterling Area.

Mr. Dalyell

asked the Chancellor of the Exchequer how much money he has allowed to be transferred from Great Britain to Israel and Arab countries over the last four weeks, under Exchange Control Regulations.

Mr. Callaghan

Full statistics are not available, but it is known that charitable organisations have transferred about £4 million in the last two weeks.