§ Mr. Dellasked the President of the Board of Trade what were the credit terms guaranteed by the Export Credits Guarantee Department in connection with the offer of a British consortium to supply a dimethyl terepthalate and polyester plant to Bulgaria; whether he is aware that the contract was lost to Germany due to their better credit terms; and if he will make a statement.
§ Mr. RedheadThe terms and conditions of E.C.G.D. offers of cover are confidential between the British exporter and the Department. I have no reason to believe that the contract was lost because foreign competitors offered better credit terms than are available to British exporters to this market.