§ 43. Mr. R. A. TAYLORasked the Lord Privy Seal whether he is prepared to assist the development of British export trades by a system of Government guarantees available in cases where the Treasury are satisfied that the proceeds of any loan for capital expenditure abroad will promote employment or will he applied for the purchase of goods manufactured or produced in Great Britain?
Mr. THOMASI am not prepared to adopt this suggestion. The assistance which in the view of the Government can properly be afforded to the export trade by the use of State credit is already-available under the Export Credits (Guarantees) Scheme, a Bill to extend the duration of which is now before this House.
§ Mr. TAYLORIs the right hon. Gentleman aware that that Bill deals with short-term credits only, and is it not a fact that the Government in their election manifesto promised that some steps of this kind would be taken? Will my right hon. Friend ask the Government to consider this matter?