§ 24. Mr. Frank Allaunasked the Secretary of State for Industry, Trade and Regional Development what was the value of British exports of paper-making machinery to the Union of Soviet Socialist Republics and Eastern Europe, respectively, in 1963 and what proportion this represented of total British exports of this type of machinery.
§ Mr. HeathThe value of United Kingdom exports of paper-making machinery to the U.S.S.R. and to the rest of Eastern Europe in 1963 was £4.5 million and £4.9 million respectively. Together, these represented 37 per cent. of total exports of this type of machinery.
§ Mr. AllaunWill the right hon. Gentleman give an assurance that sufficient long-term credit facilities will be granted to exporters to cover complete plants or other big capital projects?
§ Mr. HeathThe House is aware of the arrangements we have for long-term financial guarantees and these are decided entirely on the individual projects and on the creditworthiness of the country applying for them.