HC Deb 16 November 1920 vol 134 c1718W

asked the Chancellor of the Exchequer what use has been made up to the present by British traders of the export credit system financed by the Government; and whether he has considered the desirability of its extension?


I have been asked to reply. The advances sanctioned up to date amount to £473,049; the advances actually made amount to £98,186. As regards the last part of the question, I may refer my hon. Friend to the answer given on the 25th October to the hon. Member for Buckingham Division (Captain Bowyer), in which the Parliamentary Secretary to the Board of Trade explained the measures recently adopted to facilitate the utilisation of the scheme. I may add that since that date there has been a very marked increase in the number of applications received by the Export Credits Department.