Statutory Instrument 1990 No. 1616

The Control of Gold, Securities, Payments and Credits (Republic of Iraq) Directions 1990

---

© Crown Copyright 1990

Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.

The text of this Internet version of the Statutory Instrument which is published by the Queen's Printer of Acts of Parliament has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Control of Gold, Securities, Payments and Credits (Republic of Iraq) Directions 1990, ISBN 0110046161. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.

Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1990 No. 1616

EMERGENCY POWERS

The Control of Gold, Securities, Payments and Credits (Republic of Iraq) Directions 1990

Whereas the Treasury are satisfied that action to the detriment of the economic position of the United Kingdom is being or is likely to be taken by the government of or persons resident in the Republic of Iraq;

Now, therefore, the Treasury, in exercise of the powers conferred upon them by section 2 of the Emergency Laws (Re-enactments and Repeals) Act 1964^[1] hereby give the following directions:

    1.    These directions may be cited as the Control of Gold, Securities, Payments and Credits (Republic of Iraq) Directions 1990 and shall come into force on 4th August 1990.

    2.    Except with permission granted by or on behalf of the Treasury, no order given by or on behalf of the government of or any person resident in the Republic of Iraq at the time of the coming into force of these directions or at any later time while these directions are in force, shall be carried out, insofar as the order—
 (i) requires the person to whom the order is given to make any payment or to part with any gold or securities; or
 (ii) requires any change to be made in the persons to whose credit any sum is to stand or to whose order any gold or securities is to be held.

Thomas Sackville

John Major

Two of the Lords Commissioners of Her Majesty's Treasury

4th August 1990

These Directions prohibit (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) requires the recipient to make any payment or to part with any gold or securities or (b) requires any change to be made in the persons to whose credit any sum is to stand or to whose order any gold or securities is 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. back