21. Miss CAZALET
asked the Secreytary to the Overseas Trade Department whether he will give the House the latest figures as regards export credits to Russia?
§ 22. Sir WILLIAM DAVISON
asked the Secretary to the Overseas Trade Department whether any and, if so, what credits have been given to the Soviet Government since the House adjourned; and what is the total amount of such credits now outstanding?
§ Major COLVILLE (Secretary, Overseas Trade Department)
The total amount of credits which the Export Credits Guarantee Department had contracted to 7 guarantee in respect of exports to Russia from 12th December last to 30th January, was £552,833. The maximum liability assumed by the Department on this amount was £358,819. Most of this was in respect of previous obligations.
§ Sir W. DAVISON
Will the Government consider, in connection with giving further credits to Russia, the desirability of giving credits to our own nationals such, for example, as the Cunard Company to complete the new liner, rather than to Soviet Russia?