HC Deb 15 July 1958 vol 591 cc984-5
14. Mr. Grimond

asked the President of the Board of Trade if he will consider extending the Export Credits Guarantee scheme.

Sir D. Eccles

The Department is prepared to consider new forms of cover when these are sound insurance propositions and do not prejudice the Department's credit insurance operations as a whole.

Mr. Grimond

Is the President of the Board of Trade aware that if this is a general extension, as I understand it to be, of the powers under the Export Credits Guarantee scheme, it will be very welcome to British exporters who find that one thing with which they have to compete today is the very wide credit terms offered by their competitors in other countries, often with Government assistance?

Sir D. Eccles

I believe that the great bulk of our exporters think that we are right in trying to keep in step with other countries in the conditions under which credit is insured.