§ 28. Mr. HOLDSWORTHasked the Secretary to the Overseas Trade Department the amount of credit which has been guaranteed in respect of goods sold to Poland; and the amount of losses incurred, if any?
§ Major COLVILLE (Secretary, Overseas Trade Department)The total amount of credits which the Export Credits Guarantee Department had, from the 1st July, 1926, to the 31st October, 1931, contracted to guarantee in respect of exports to Poland was £458,743. The maximum liability assumed under these contracts was £285,503. It is estimated that the final loss on claims arising under these contracts when outstandings are liquidated will be small.
§ Mr. HOLDSWORTHIs it possible to give up to a certain date any amount of the losses?
§ Major COLVILLEIt has not been the practice of the Department to state the figures of particular contracts, and I would say that this is information which a business house would not be required to give with regard to particular contracts. I can assure my hon. Friend that when I say "small," I literally mean small in relation to the contracts.