§ Mr. Fauldsasked the Parliamentary Under-Secretary of State answering in respect of the Arts whether he will list the items for which the issuing of export licences was withheld on the recommendations of the Reviewing Committee on the Export of Works of Art during the year ended 30 June, specifying in each case the valuation and whether an item was eventually exported or retained, with particulars in the latter event of the acquiring institution; and whether he will list any items for which licences have been withheld but the final disposal of which is not decided, specifying in each case (a) the valuation and (b) the relevant time limit.
§ Mr. WaldegraveDetails are as follows. The valuation has been omitted in seven cases because of the owner's wish that this should remain confidential.
to pension funds since the publication of the joint office memorandum No. 58; and what steps he takes to ensure that such changes are publicised.
§ Mr. MooreThis memorandum, which concerns small self-administered pension schemes, was issued in February 1979. Since then, the practice set out therein has been adapted in the light of experience, in particular as regards investment policy and actuarial valuations.
247WThese changes have been notified at convenient times to those advising trustees of small schemes and to the Association of Pensioner Trustees whose members are, individually, normally trustees of such schemes.
§ Mr. Neil Hamiltonasked the Chancellor of the Exchequer whether it is the policy of the Inland Revenue to agree to the setting up of more than one self-administered pension fund in relation to a single company where the actuarial or pension requirements of shareholders are such that one self-administered fund would be inappropriate.
§ Mr. MooreThere is normally no objection to a company setting up more than one self-administered pension scheme provided that only one is a small self-administered scheme — that is, with fewer than 12 members.