§ Sir N. GRATTAN-DOYLEasked the Secretary to the Overseas Trade Department whether any facilities for long-term credits have been approved by the Advisory Committee on Export Credits; and, if so, for what periods and to what amount?
§ Mr. GILLETTThe answer to the first part of the question is in the affirmative. Up to 31st March last, the following contracts had been entered into with the approval of the Advisory Committee:
£ Face Value of Contracts involving credits not exceeding 12 months 11,794,477 Face Value of Contracts involving credits exceeding 12 months but not exceeding 3 years 837,032 Face Value of Contracts involving credits exceeding 3 years but not exceeding 5 years 37,018 £12,668,527