Bureaux de Change

HC Deb 29 November 1979 vol 974 cc777-8W

Mr. Cartwright

asked the Chancellor of the Exchequer what effect the abolition of exchange controls will have on the ability of the Bank of England to supervise the operation of bureaux de change.

Mr. Lawson

The Bank of England's supervision of bureaux de change under the Exchange Control Act 1947 ceased with the abolition of exchange controls.