§ Mr. Tony Banks
To ask the Chancellor of the Exchequer if he will give details of the assets of other countries currently frozen in the United Kingdom.
§ Mr. Maples
The Bank of England issued a notice on 7 August 1990 drawing attention to the Treasury directions issued under the Emergency Laws (Re-enactments and Repeals) Act 1964, which have the effect of freezing certain Iraqi assets held in the United Kingdom. The assets of no other countries are currently frozen in the United Kingdom.