§ Mr. Leeasked the Chancellor of the Exchequer how many applications were made under the provisions of the Exchange Control Act during the financial year 1975–76 for permission to transfer funds out of the United Kingdom into other currencies; how many such applications were refused; how many were granted; if he will publish a list of the successful applications and the reasons therefore; and if he will make a statement.
§ Mr. Robert SheldonI regret that this information is not available. Power to authorise transactions, particularly those of a current nature, is widely delegated to authorised banks and authorised 51W depositaries in accordance with strict exchange control criteria, and there is no central record of all applications that are made to transfer funds out of the United Kingdom into other currencies.