§ 41. Mr. Turnerasked the President of the Board of Trade if he is aware that the Latin-American dollar account markets present opportunities to our exporters to expand their sales; and if he will extend to exporters to these countries the special facilities that the Export Credits Guarantee Department now provide for exporters to Canada and the United States of America only.
§ Mr. H. StraussYes, Sir. It is important to increase our exports to the dollar account markets and I am glad to say that the Export Credits Guarantee Department are prepared to consider favourably any soundly based propositions designed to increase sales to these markets, and will, in appropriate cases, make available to exporters facilities broadly comparable with those now available to exporters to North America.
Conditions in the Latin-American dollar countries vary, and the guarantees which the Department may offer will not therefore necessarily be the same as those given in the case of sales to the North American markets. The object will be to encourage exports in the most effective way according to the particular circumstances of each case.
§ Mr. TurnerWhile thanking my hon. and learned Friend for his answer, may I ask him whether he is aware of the very general satisfaction that this decision will give to all those engaged in the export trade?