Export Credits Guarantee Department

HC Deb 08 November 1965 vol 718 c267W

Mr. Ridley

asked the President of the Board of Trade what is now the total indebtedness of the Export Credits Guarantee Department.

Mr. Jay

On the assumption that the Question relates to the total liabilities, assumed by the Export Credits Guarantee Department, the figures as at 30th September, 1965 were:

On Commercial account (Section 1 of the Export Guarantees Act, 1949, as amended)		£1,145m.
On National Interest Account (Section 2 of the Export Guarantees Act, 1949, as amended):
Under Export guarantees	£353m.
Under economic assistance loans to overseas countries	£275m.	£628m.

These figures do not include potential commitments in respect of offers of guarantees not yet accepted or balances of economic assistance loans not yet drawn by the borrowing governments.