Licences issued by the Bank of England in respect to gold bullion possession, 1966-71

C.J. McDowell made this Freedom of Information request to Bank of England

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Bank of England

Dear Sir/Madam,

According to the 'Exchange Control (Gold Coins Exemption) Order, 1966 (S.I., 1966, No. 438)', it was illegal for individuals possess more than four gold coins without a collector's licence from the Bank of England. Businesses were also required to acquire a dealer's licence from the Bank of England if they wanted to deal with gold coins. I belive this law was in force between 1966 and 1971.

Can you please provide figures, in the time period 1966-71, for:

1) How many individuals applied for collector's licences from the Bank of England;

2) How many applications in 1) were accepted;

3) How many applications in 1) were rejected;

4) Of those applications rejected in 3), how many individuals were required to deliver and exchange their gold to the Bank of England under the terms of the 'Exchange Control (Gold Coins Exemption) Order, 1966 (S.I., 1966, No. 438)';

5) Of those individuals in 4), how many of them did so;

6) How many businesses applied dealer's licences from the Bank of England;

7) How many applications in 6) were accepted;

8) How many applications in 6) were rejected;

9) Of those applications rejected in 8), how many businesses were required to deliver and exchange their gold to the Bank of England under the terms of the 'Exchange Control (Gold Coins Exemption) Order, 1966 (S.I., 1966, No. 438)',

10) Of those businesses in 9), how many of them did so;

11) The total amount of gold delivered and exchanged, in troy ounces, to the Bank of England under the terms of the 'Exchange Control (Gold Coins Exemption) Order, 1966 (S.I., 1966, No. 438)'.

Yours faithfully,
Mr C.J. McDowell

Enquiries, Bank of England

Dear Mr McDowell

We acknowledge receipt of your email dated 4 July below (our ref: CAS-23034-K9W9T0).
 
We will reply in due course.
 
Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

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Enquiries, Bank of England

1 Attachment

Dear Mr McDowell

Please find attached a response to your email of 4 July below.

Yours sincerely

Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

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Ref. CAS-23034-K9W9T0

Dear Ms Collins,

Thank you for your reply. I appreciate the challenges facing the Bank at this current time re: government restrictions.

In the meantime, would you be able to provide the titles/names of files, general papers and policy papers relating to the Exchange Control (Gold Coins Exemption) Order, 1966 (S.I., 1966, No. 438)?

Yours sincerely,
C.J. McDowell

Enquiries, Bank of England

Dear Mr McDowell

We acknowledge receipt of your email dated 7 August 2020 below (our ref: CAS-24082-Y9N1Y2).

We will reply in due course.

Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

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Enquiries, Bank of England

1 Attachment

Dear Mr McDowell

Please find attached response to your email dated 7 August below.

Yours sincerely

Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

show quoted sections