§ Mr. Patrick Jenkinasked 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. DellThe 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 6½ Credit of over 1 year and up to 3 2 Credit of over 3 years and up to 5 1½ Credit of over 5 years 1 100 The proportion of exports on longer terms of credit has increased since 1966, 171W 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.