HC Deb 28 May 1924 vol 174 cc404-5
33. Mr. COMPTON

asked the Minister of Labour if, and when, he intends to apply the Trade Facilities and Export Credit Schemes to Soviet Russia?

Mr. SHAW

I understand that there is no statutory or other provision excluding the Union of Soviet Socialist Republics from the operation of the Trade Facilities Scheme. As regards the Export Credits Scheme, there is no statutory limitation as to the countries for which credits may be given, but I am informed that the Regulations at present governing the scheme exclude the grant of credits in the case of shipments to Russia. There are difficulties in the way of extending the Export Credits Scheme to Russia, but it is hoped that these difficulties will soon be removed.

Sir PHILIP LLOYD-GREAME

In applying either of these schemes to Russia will it be done subject to the same conditions under which they are applied to other countries?

Mr. SHAW

The same conditions, exactly.

Lieut.-Commander KENWORTHY

Why did the right hon. Gentleman state, on Thursday last, that the scheme had been extended to Russia?

Mr. SHAW

Frankly, it was a mistake.

Viscountess ASTOR

Will the right hon. Gentleman explain to me why a Socialist Government needs capital?

Mr. SPEAKER

This is not the time for evening classes in economics.

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