§ Mr. Luceasked the Secretary of State for Trade what proportion of overseas contracts by number and value, covered by ECGD, are valued at under £1 million.
§ Mr. DeakinsPrecise figures are not readily available. However, of the £6,535 million of United Kingdom exports insured by ECGD in 1974–75, 86 per cent. was insured under comprehensive guarantees and over 95 per cent. of all applications for cover from ECGD's 12,000 comprehensive422W guarantee holders is in respect of export contracts of a value less than £1 million.