§ 47. Mr. John Davies
asked the Secretary of State for Trade in how many cases, and to what aggregate value, the Export Credits Guarantee Department has insured exporters against a higher than expected rate of inflation since he made his announcement of this facility on 20th February last.
§ Mr. Deakins
As my right hon. Friend told the Houses earlier today in reply to a Question by the hon. Member for Ton-bridge and Malling (Mr. Stanley), this facility has already assisted in the successful negotiation of nearly £130 million of export business. This relates to three signed contracts and two letters of intent. Many other contractors involving large amounts are being actively considered.