RUSSIA (BRITISH EXPORT CREDITS).

HC Deb 22 June 1937 vol 325 cc1040-1W

Captain Cazalet

asked the Secretary to the Overseas Trade Department what proportion of the£10,000,000 credit to Soviet Russia, agreed upon in August, 1936, has been utilised up to date?

Mr. R. S. Hudson

The Export Credits Guarantee Department has been notified that contracts amounting to over£5,000,000 have so far been placed, under the Soviet Guarantee Agreement, with manufacturers in this country, and in accordance with the provisions of that Agreement the Department will, in due course, guarantee the Promissory Notes issued in connection with the payments to those manufacturers.