§ 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?1625W
§ 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