§ Mr. Gryllsasked the Secretary of State for Trade if the Treasury has undertaken to guarantee any losses arising out of the Pan Am airline's purchase of Lockheed aircraft.
§ Mr. MeacherGuarantees in connection with exports are given by the Export Credits Guarantee Department, with Treasury consent. It has been agreed, in principle, that ECGD guarantees will be available to support the sale of Rolls-Royce engines on terms needed to compete with those available from United States engine manufacturers, including the assumption of some risk in respect of the airframes.