§ 7. Mr. Donnellyasked the Chancellor of the Exchequer whether, in order to stimulate British exports, he will instruct the Governor of the Bank of England to discount export bills on their merit irrespective of whether they are covered by the Export Credit Guarantees Department.
§ Mr. Selwyn LloydNo. But no doubt the hon. Member is aware of the arrangements recently announced by the Bank of England for re-financing medium term export credits covered by the Export Credits Guarantee Department.