§ Colonel Sir John Shute(by Private Notice)asked the Secretary to the Department of Overseas Trade whether payment will be made promptly to exporters of goods to Germany and Poland who have taken out transfer cover with the Export Credits Guarantee Department?
§ Mr. R. S. Hudson (Secretary, Overseas Trade Department)Yes, Sir. Notwithstanding the fact that the exchange restrictions which prevent buyers from remitting sterling from Germany and Poland are due to the outbreak of war, I am happy to state that the Department will accept liability under its transfer guarantees. Exporters who hold transfer cover in respect of goods sent to those countries should communicate with the Export Credits Guarantee Department as soon as possible, so that their claims may be expeditiously dealt with.