§ Mr. A. T. DAVIESasked the Chancellor of the Exchequer whether there are statutory charges in connection with the Exports Credit Department; what is the nature and scale of such charges; and whether any complaints, have been received protesting against such charges as discouraging business and reducing profits?
§ Mr. LUNNUnder the Overseas Trade Acts, the Board of Trade are authorised to charge commissions in respect of credits granted under the Acts. The charge takes the form of a small percentage rate which varies according to the nature of the risk in each case. Complaints have sometimes been received that the charge proposed is too high, and in such cases the Export Credits Department is always prepared to take into consideration, so far as possible, the suggestions put forward by exporters.