HC Deb 29 July 1938 vol 338 cc3500-1
47. Mr. A. Henderson

asked the Secretary to the Overseas Trade Department whether, for the purpose of securing the export to China of United Kingdom goods which are required for Chinese economic development, His Majesty's Government will sanction adequate financial guarantees by the Export Credits Department, as were recently provided in the case of Turkey?

The Parliamentary Secretary to the Board of Trade (Mr. Cross)

I have been asked to reply. I would refer the hon. Member to the reply which my right hon. Friend gave on the 12th instant to the hon. Member for the Forest of Dean (Mr. Price).

Mr. Henderson

As the reply merely deals with the procedure that is followed in ordinary commercial cases, may I ask the Prime Minister whether, in view of the special responsibility of this country towards China, another member of the League of Nations, he will give an assurance that His Majesty's Government will consider the question of China in relation to the special position that exists at the present time, and not merely in relation to an ordinary commercial transaction?

The Prime Minister

That is under consideration at the present time.

Mr. Alexander

Did the reference made the other day from the Front bench to alternatives other than a loan, which was turned down, include a special grant of export credits?

The Prime Minister

Yes, Sir.