§ 58. Mr. HANNONasked the Chancellor of the Exchequer whether, in view of the present financial condition of Yugo-Slavia, which has balanced its budget and stabilised its currency, he is prepared to advise the Trade Facilities Act Committee to extent the same sympathetic consideration to projects relating to the development of British trade in Yugo-Slavia as now obtains in the case of other European countries?
§ Mr. LUNNIt is presumed that the hon. Member has in mind the Exports Credits rather than the Trade Facilities scheme and I have, therefore, been asked to reply. The Advisory Committee of the Export Credits Department are giving sympathetic consideration to applications respecting business with Yugo-Slavia. In the past three months sanctions have been granted in respect of 12 applications relating to that country, and only one application has been refused.
§ Mr. HANNONIs the hon. Member aware that the natural resources and possibilities of this country are very great, and that the Committee ought to be in fullest sympathy with any application that is made?
§ Mr. LUNNI do not think I could add anything beyond what I have said in my answer, that practically all the applications have been granted.