§ 35. Mr. Parkerasked the Secretary to the Overseas Trade Department whether the Export Credits Department has guaranteed any credits for the export of goods to Italy during the past year; and, if so, for what value?
§ 36. Mr. G. Straussasked the Secretary to the Overseas Trade Department how much money has been guaranteed to firms under the exports credits scheme in respect of goods exported to Italy during each of the three last years?
§ Mr. R. S. HudsonGuarantees have been given by the Export Credits Guarantee Department in the ordinary course of its business in the last three years in connection with the export of United Kingdom goods to Italy, but it is not the practice to state the amount of the Department's commitments in respect of any particular country.
§ Mr. BennThen it is impossible for us to keep any check upon the Government if they wish to extend credits in this indirect way to Italy?
§ Colonel WedgwoodHave the exports credits to Italy been remunerative, or has there been a loss to the Exchequer?
§ Mr. HudsonSo far as I know they are being paid off as they fall due.
§ Colonel WedgwoodHow much?
§ Mr. G. StraussWhy is information being withheld from this House when guarantees are given, and should not the House be able to find out how much money is being lent to various countries under Government guarantee?
§ Mr. HudsonThe hon. Member will remember that the matter was discussed when the Bill was passing through the House last year, and that it was decided that the reasons given for witholding 1520 the information were adequate and satisfactory.
§ Mr. BennCan the right hon. Gentleman suggest any way by which this House can be informed of increased credits granted in this way to Italy?