§ 51. Mr. W. CARTERasked the Prime Minister whether he will consider the provision of credits for Central European countries in order to facilitate the restoration of trade between them and this country and so to diminish unemployment?
§ Mr. KELLAWAYAs the hon. Member is aware, an export credits scheme has already been set up with a view to facilitating trade with countries whose economic conditions have been disorganised by the War. The question whether any modifications can be made in that scheme with a view to facilitating its utilisation, and the question generally of the provision of credits in respect of the countries concerned is receiving the active consideration of the Government.
§ Lieut. - Commander KENWORTHYMay I ask whether the Government have not yet realised that their scheme has proved a comparative failure, and whether, in view of the urgent need of markets, they will hasten their deliberations?
§ Mr. KELLAWAYEvery effort is being made. Deliberations are taking place continuously now, and my right hon. Friend the President of the Board of Trade hopes to announce the Government's proposals in the course of a few days.
§ Mr. CARTERIs the right hon. Gentleman in favour of necessary modifications?
§ Mr. KELLAWAYMy experience of the working of the present scheme has convinced me that some modifications are necessary.