§ 18. Mr. Ian Stewartasked the Chancellor of the Exchequer whether he expects to fulfil Great Britain's obligations to remove exchange control restrictions between the United Kingdom and other member States of the EEC by January 1978.
§ Mr. Robert SheldonThe Treaty of Accession provides for us to liberalise operations in securities by 1st January 1978. On other capital movements, the United Kingdom has been authorised under the Treaty of Rome to maintain certain restrictions because of balance of payments difficulties. I cannot yet say how I expect these matters to stand in January 1978.