§ Mr. SMITHERSasked the Secretary to the Overseas Trade Department, if it 1419W is the policy of the Government to use credits to stimulate the depressed export trades, iron and steel, engineering, and textile manufactures; and how much money has been allocated, severally, to approved schemes under these headings?
§ Mr. GILLETTI presume that the hon. Member refers to the Export Credits Guarantee Scheme. Facilities under this scheme, which applies to goods wholly or partly produced or manufactured in the United Kingdom, are available to the industries named, except so far as textiles for India and the Far East are concerned. As to the second part of the question, the amount of contracts entered into from the introduction of the scheme in July, 1926, up to the 14th instant, in respect of the industries in question is as follows:
£ Iron and steel (and manufactures thereof) 397,073 Engineering 2,006,716 Textiles 5,427,646