§ Mr. Bottomley
The Export Guarantees Act, 1939, confered specific powers for this purpose, and a considerable volume of exports to overseas subsidiaries has since been guaranteed. When this Act was superseded by the Export Guarantees Act, 1949, it was assumed and intended10W that these powers had been retained. It has, however, been pointed out that there may be some doubt whether this intention was fully achieved by the language used. We propose, therefore, to bring before the House the necessary legislation, as soon as a suitable opportunity occurs.