§ Mr. Denzil Daviesasked the Chancellor of the Exchequer whether, in view of the provisions of the Treaty of Rome requiring the freedom of movement of goods, Section 1 of the Exchange Control Act 1947, in so far as it prohibits trading in gold bullion otherwise than by an official dealer, will cease to have effect after 1st January 1973 in respect of sales of gold bullion between the United Kingdom and other member States of the European Economic Community.
§ Mr. NottNo; gold is one of those items covered by the European Economic Community's capital movements directives for which there is no requirement to relax controls.