HC Deb 15 November 1968 vol 773 cc170-1W
Mr. Patrick Jenkin

asked the President of the Board of Trade, what is his estimate of the average proportion of exports by value in any quarter for which payment will remain outstanding for under three months, from three to six months, from six to nine months, from nine months to one year, from one year to two years, from two years to five years and over five years, and of the amount outstanding of payments owed, but not yet due for settlement, for exports.

Mr. Dell

The latest analysis of the distribution of exports according to the terms of credit extended on them, relating to 1966, is as follows:—

Original terms on which exports were made Percentage of total exports
Cash or credit of up to 60 days 57½
Credit of 61–180 days 31½
Credit of 181 days to 1 year
Credit of over 1 year and up to 3 2
Credit of over 3 years and up to 5
Credit of over 5 years 1

The proportion of exports on longer terms of credit has increased since 1966, and for credit of over five years is now about 2 per cent.

The total amount of credit extended and still outstanding on exports is estimated to be about £1,700 million.

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