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Capital Movements (European Community Countries)

Volume 895: debated on Wednesday 18 June 1975

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asked the Chancellor of the Exchequer whether he intends to liberalise certain personal capital movements to other EEC countries by 1st July 1975 as provided for in the Treaty of Accession.

No. The balance of payments safeguards in the Treaty of Rome are being invoked as they have been in relation to the liberalisation of direct outward investment. The Commission of the European Communities has been informed.