Statutory Instruments

2000 No. 3271

EMERGENCY POWERS

The Control of Gold, Securities, Payments and Credits(Republic of Iraq) (Revocation) Directions 2000

Made

13th December 2000

Laid before Parliament

13th December 2000

Coming into force

14th December 2000

1.  These directions may be cited as the Control of Gold, Securities, Payments and Credits (Republic of Iraq) (Revocation) Directions 2000 and shall come into force on 14th December 2000.

2.  The Control of Gold, Securities, Payments and Credits (Republic of Iraq) Directions 1990(2) are hereby revoked.

Clive Betts

Jim Dowd

Two of the Lords Commissioners of Her Majesty’s Treasury

13th December 2000

Explanatory Note

(This note is not part of the Directions)

These Directions revoke the Control of Gold, Securities, Payments and Credits (Republic of Iraq) Directions 1990. Those Directions prohibited (except with Treasury permission) any recipient in the United Kingdom, the Channel Islands or the Isle of Man of an order from the government of, or any person resident in, the Republic of Iraq from carrying out that order insofar as the order (a) required the recipient to make any payment or to part with gold or securities or (b) required any change in the persons to whose credit any sum was to stand or to whose order any gold or securities was to be held.

(1)

1964 c. 60; section 2 was amended by the Finance Act 1968 (c. 44), section 61(10) and Schedule 20, Part V.

(2)

S.I. 1990/1616.