§ Mr. Brothertonasked the Secretary of State for Trade what criteria are employed in the granting of licences to import and export gold coins.
§ Mr. MeacherImport licences in respect of gold coins minted after 1837 are normally granted only to authorised dealers in gold for sales only to persons resident outside the United Kingdom. A specific licence would be required for the export of any gold coin over 100 years old and, either individually or as part of a set, valued at £4,000 or more. Such a licence would normally be granted unless the coin were of national importance as defined in the Waverley Report on the Export of Works of Art etc. The export of gold coins is also subject to exchange control permission, and approval is normally given provided payment is received in the prescribed manner—i.e., against payment in sterling from, or eligible for credit to, an external account or in any foreign currency other than Rhodesian currency.