The purpose of the Reviewing Committee on the Export of Works of Art is to help retain objects of outstanding historical, aesthetic or scholarly importance in the UK. The Waverley system allows deferral of decisions about the granting of export licences in order to provide UK institutions or private individuals with an opportunity to purchase items before they are exported. The annual report covers the work of the Committee during July 2000 to June 2001. During this period 35 objects were recommended by the Committee for deferral, of which 28 were retained in the UK under the Waverley system. These included the acquisition of a 15th century silver-gilt reliquary figure of Saint Sebastian by the Victoria and Albert Museum. The annual report details the recommendations and findings of 37 individual export cases.
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