§ Mr. Sillarsasked the Secretary of State for Foreign and Commonwealth Affairs which parts of the relevant EEC treaties allow the United Kingdom to exercise effective control over the movement of capital from the United Kingdom to any other Community country.
§ Mr. DellI have been asked to reply.
Articles 108 and 109 of the Treaty of Rome allow for appropriate measures to be taken in the event of balance of payments difficulty. These safeguards have been used at various times by other member States. The United Kingdom has already invoked them— in March and again this month—in connection with exchange control restrictions on the financing of United Kingdom direct investment in EEC countries.