7. Major BARNESasked the Parliamentary Secretary to the Overseas Trade-Department what amounts have been granted under the provisions of the Overseas Credits Act; and to what countries the credits so given apply?
§ 8. Mr. BRIANTasked the Parliamentary Secretary to the Overseas Trade Department what is the total amount applied for under the export credit scheme to date; and what has been the total amount granted?
§ Mr. KELLAWAYThe total amount of actual advances made under the Overseas Trade (Credit and Insurance) Act up to 13th October is £79,457 5s. 8d., in respect of the countries Finland, Roumania, Poland, Czecho-Slovakia and Jugo-Slavia. Credits have been granted up to £450,999 19s. 8d., but some of these have been allowed to lapse or have not yet been fully used.
§ Mr. A. M. SAMUELWhat use is it to have an Act of which people will not make use because it is so badly drawn?
§ Mr. KELLAWAYI do not think that the figures which have been given bear out that contention. As a result of the Amendment, which was announced in the House yesterday, that the credit advance might be put up to 100 per cent. of cost, the Department this morning received a large number of applications for very large sums of money.