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Exchange Control Act 1947

Volume 973: debated on Thursday 8 November 1979

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asked the Chancellor of the Exchequer if he intends to seek to repeal the Exchange Control Act 1947.

For the moment, the Exchange Control Act 1947 is still needed to maintain economic sanctions against Rhodesia, though I hope not for long; and, until alternative provisions can be enacted, for certain technical purposes connected with the payment of stamp duty, I intend however to review the future of this legislation and a statement will be made in due course.