Ive always liked the film and remember this, Im sure I had this cut on VHS at one time as I was young my mum wouldnt have wanted me to have the adult cut, this PG version Im sure was also shown on TV here as I remember in the early 80s it was shown a few times on TV in the very late afternoon.
If I remember rightly the same thing was done here with the Eddie Murphy/Nick Nolte film 48hrs there was a cut of film which if I remember the swearing was toned down at a UK 15 cut and released on video and a UK 18 cut which was released which was the full version.