§ Mr. R. Carr
asked the President of the Board of Trade whether he will seek to reduce the premium charged for credit cover on aircraft deals, in accordance with the recommendation in the Plowden Report.
§ Mr. Jay
I would refer the right hon. Member to the Answer I gave to the hon. 101W Member for Woking (Mr. Onslow) on 31st January. With the agreement of the Export Guarantees Advisory Council, most premium rates were reduced by an average of 15 per cent, on 9th May, 1966. Rates for sales of large capital goods, including aircraft, were cut by rather more than the general average.— [Vol. 740, c. 92.]