HC Deb 26 October 1920 vol 133 cc1521-2
7. Major BARNES

asked 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?


asked 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?


The 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.


What use is it to have an Act of which people will not make use because it is so badly drawn?


I 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.

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