HC Deb 17 March 2000 vol 346 cc364-5W
Dr. Cable

To ask the Secretary of State for Trade and Industry what involvement David McLachlan had in the decision of the ECGD to support the(a) nuclear power project in Ain Shan China Phase III, (b) coal handling export terminal in Tianjin, China, (c) coal-fired power station in Manjing, Malaysia and (d) line of credit for the Korean Development Bank. [114786]

Mr. Caborn

In his capacity as a banking member of the Export Guarantees Advisory Council, Mr. David McLachlan may be asked for his advice from time to time on cases which are being put forward for underwriting decisions. Such advice is sought only from a Council Member who has no direct business interest in the relevant transaction.

Of the four cases mentioned, Mr. McLachlan's advice was sought only in respect of ECGD's risk analysis and recommendation regarding the Korean Development Bank. The line of credit was subsequently underwritten by ECGD.