HC Deb 10 July 1923 vol 166 cc1196-7W
Mr. MOREL

asked the Financial Secretary to the Treasury whether, seeing the continued unemployment prevailing in this country, and the urgent need of recovering our Continental markets, he will extend to Anglo-Russian trade relations the full benefits applicable under the provisions of the Trade Facilities Act?

Sir W. JOYNSON-HICKS

I fear that existing financial conditions in Russia are not such as to justify a British Government guarantee for Russian purchases.

Mr. WISE

asked the President of the Board of Trade the total amount advanced to 30th June under the Trade Facilities Act?

Sir W. JOYNSON-HICKS

The Trade Facilities scheme does not provide for advances. My hon. Friend will find particulars of the guarantees given down to the 30th June in the quarterly statement, which was presented on the 4th July.