§ 15. Mr. B00THBY (forasked the Secretary to the Overseas Trade Department if he can yet give any further information as to export credits facilities to Russia?
§ Mr. COLVILLEAs a result of the negotiations with the Soviet trade representative, it has been agreed that further credits for the sale to Russia of goods manufactured in this country may be granted, with the Export Credits Guarantee, up to a total amount of £1,600,000. The terms will be fixed by the Advisory Committee in each ease, but the maximum period of credit will be 18 months and a substantial portion will be at 12 months.
§ Mr. BOOTHBYHas the hon. Gentleman pointed out to the Soviet Government that, if they are to receive these credits from us, it would be highly desirable that they should purchase British as opposed to Norwegian herring?