HC Deb 15 July 1958 vol 591 cc992-3
26. Mr. Grimond

asked the Chancellor of the Exchequer if he will take steps to enable buyers in countries suffering temporary financial embarrassment to obtain goods from British exporters on larger credit.

Mr. Amory

I have nothing to add at present to what I said about export credits in my Budget speech.

Mr. Grimond

Since the right hon. Gentleman's Budget speech, has not the matter become considerably more urgent, owing to the difficulties by which some Commonwealth countries are temporarily embarrassed, with the consequent cutting down of the buying of British goods? Will the Chancellor reconsider the matter in view of what he said this afternoon about the great importance which he attaches to exports? Is not this one way in which exports could immediately and usefully be stimulated?

Mr. Amory

I rather agree with the hon. Member. I think that the situation is changing. I have the matter under constant review, and I am ready to discuss it with other countries concerned and with international institutions.