Article 2
The United Kingdom is hereby authorized on a temporary basis to maintain the restrictions on the following capital movements of a personal nature: (a) transfers of capital belonging to United Kingdom residents who are emigrating, other than transfers in connection with the free movement of persons under the provisions of Title III of Part two of the EEC Treaty. However for transfers by emigrants not covered by the provisions of Title III of Part two of the EEC Treaty, the initial amount transferable per family unit is increased to £ 80 000 from £ 40 000; (b) gifts and endowments, dowries, succession duties, and real estate investments, other than those in connection with the freedom of movement of persons under the provisions of Title III of Part two of the EEC Treaty. Restrictions shall, however, be abolished on: (i) cash gifts up to £ 1 500 per donor, per annum, plus £ 1 500 for EEC recipients; (ii) wedding gifts or dowries from parents (or those in loco parentis) up to £ 7 500 per annum in excess of cash gifts allowance.