§ Mr. CousinsTo ask the Secretary of State for Trade and Industry if she will republish the table in theOfficial Report,12 June 2000, column 464W, to include data for 2000–01 and 2001–02. [60410]
§ Ms HewittThe following table details Claims Paid, Premium Earned and Claims Recovered in respect of ECGD's support for defence related business in each of 589W the last eleven Financial Years. The cost of interest rate support has been estimated on the proportion of ECGD credit business constituted by defence related business.
Information on amounts received through Paris Club rescheduling agreements has not been included as it is not held on a sectoral basis and this cannot be readily determined. It is likely that taking account of these amounts would improve the position in respect of defense business cashflow.
The data for 2001–2002 are currently being audited. I will arrange for the Chief Executive of ECGD to write to my hon. Friend as soon as these figures become available.
Year Premium Earned £ million Claims Paid £ million Estimate of Interest Rate Support £ million Claims Recovered £ million 1990–91 16 79 81 3 1991–92 11 79 2 24 1992–93 44 94 26 21 1993–94 38 83 -7 9 1994–95 16 92 -1 17 1995–96 23 90 2 28 1996–97 8 50 1 2 1997–98 12 39 4 3 1998–99 18 31 3 6 1999–2000 27 152 1 9 2000–01 38 181 4 0
§ Dr. CableTo ask the Secretary of State for Trade and Industry if she will make a statement on the Government's policy on the provision of export credits for military equipment. [62706]
§ Ms Hewitt[holding answer 19 June 2002]:I refer the hon. Member to my answer given to him on 4 December 2001, Official Report,column 145W.