HC Deb 12 July 1923 vol 166 cc1624-5W
Sir W. de FRECE

asked the President of the Board of Trade the total amount to date of the advances under the Credit Facilities Act; and what balance still remains available?

Lieut.-Colonel BUCKLEY

I presume that my hon. Friend refers to the Export Credits Scheme.

The total amount of advances made and bills guaranteed under the Export Credits Scheme is 5,566,521
Of this total, advances have been repaid or guarantees cancelled to the amount of 2,464,947
leaving still outstanding 3,101,574
In addition, credits have been sanctioned and not yet taken up to the amount of 10,244,745
Thus, the amount actually in use or earmarked is 13,346,319
out of the £26,000,000 authorised by Parliament, leaving a balance available of 12,653,681