HC Deb 04 May 1928 vol 216 c2064W

asked the Secretary to the Overseas Trade Department if he will give the following figures concerning the credit insurance scheme up to any convenient date in March last: the total amount guaranteed under the scheme; the total amount of outstanding liability; the total amount of premiums received; the total amount of loss so far incurred under the guarantees; and the approximate amount, in addition, considered likely to become a loss?


The total amount guaranteed under the Export Credits Guarantee Scheme from its inception in July, 1926, to 10th March, 1928, was approximately £1,639,000, which figure represents the Department's share of a total risk amounting to approximately £2,567,000. The liability outstanding on the latter date was £1,117,000. The total amount of premium received was £28,000. The ascertained losses were £6. The additional loss on guarantees matured to 10th March, 1928, is estimated at £6,800.