HC Deb 23 October 1940 vol 365 c1042
36. Mr. Noel-Baker

asked the Secretary to the Overseas Trade Department whether His Majesty's Government will grant a further export credit to the Chinese Government; and whether such credit will be made available for the purchase by China of oil from Burma?

Mr. Harcourt Johnstone (Secretary, Overseas Trade Department)

Guarantees given under the Export Credits Scheme are regulated by the Export Guarantees Act, 1939, and the Overseas Trade Guarantees Act, 1939. The powers conferred by these Acts are only applicable to exports from the United Kingdom.

Mr. Noel-Baker

In view of the fact that the credits made available to China will be exhausted by the end of this year, would the right hon. Gentleman consider whether a further extension of credit from this country can be made available?

Mr. Johnstone

If an application is made by the Chinese Government, the matter will be considered.