HC Deb 10 June 1998 vol 313 c593W
Ms Walley

To ask the President of the Board of Trade, pursuant to her answer of 7 April 1998,Official Report, column 159, and her letter of 7 May, if she will list the ECGD exposure which was not included in the original figure but included in the revised figure of £848 million. [43699]

Mrs. Roche

In my answer to my hon. Friend of 7 April I quoted a figure of £654 million as the level of ECGD's current exposure on Indonesia which is in respect of defence equipment. It subsequently emerged that this figure understated the actual total by £194 million as a result of an error in the computer programme which ECGD used when converting foreign currency liabilities into the total current exposure in sterling.

As soon as the error was identified, I wrote to my hon. Friend advising her that the correct total was, in fact, £848 million.