§ 67. Sir K. WOOD
asked the Secretary to the Overseas Trade Department what reply he has given to the proposal made by the Soviet Ambassador with the object of Great Britain granting long-term credits to Soviet Russia?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Mr. W. R. Smith)
The Soviet Ambassador has made no proposal in the sense suggested by the light hon. Gentleman, though he has suggested that additional trade will result if more extended periods of credit were possible. If the right hon. Gentleman has the Export Credits Guarantee Scheme in mind, I would point out that the length of credit covered by guarantees under the Scheme is primarily a matter between exporters and the Export Credits Guarantee Department.
§ Mr. HACKING
Will the hon. Member say what is the limit of credit given to traders of this country who wish to do business with Russia 1