HC Deb 10 July 1930 vol 241 cc629-30
87. Mr. MALONE

asked the Secretary to the Overseas Trade Department the balance now available for use by the Export Credits Department for the assistance of foreign trade?

Mr. GILLETT (Secretary, Overseas Trade Department)

The balance available at the end of June, 1930, for guaranteeing credits under the Export Credits Guarantee Scheme was approximately £20,000,000.

Mr. A. M. SAMUEL

Has the hon. Member for Northampton (Mr. Malone) been notified that there is this unused balance of £20,000,000 under the Exports Credits Scheme?

Mr. GILLETT

I do not understand why the hon. Member for Northampton should be specially informed of that.

Mr. SAMUEL

Because Northampton traders have asked for a guarantee of Soviet credit in order to export 3,000,000 pairs of boots and shoes to Russia.