§ 13. Mr. J. Lewis
asked the President of the Board of Trade what use has been made by exporters of the guarantee facilities administered by the Export Credits Guarantee Department during the three years ended 31st March, 1946, 1947, and 1948, respectively.
§ Mr. H. Wilson
Business coming under cover of these guarantees was about £72 million in 1945–46, £138½ million in 1946–47 and £186 million in 1947–48. This compares with an average of £4380W million for the three pre-war years. I think my hon. Friend will agree that the substantial increase in the Department's business shows clearly that exporters themselves are finding these guarantee facilities of much assistance to them in the conduct of their export trade.