§ Mr. RAMSBOTHAMasked the Secretary to the Overseas Trade Department the total amount outstanding in connection with the system of overseas credits since the introduction of the system; and whether any sums have been written off, and, if so, what, as irrecoverable?
§ Mr. GILLETTThe total outstanding liability under the present Export Credits Guarantee Scheme introduced in July, 1926, amounted on 30th June last to approximately £4,500,000. The total amount written off as irrecoverable on the same date was approximately £8,500. Further sums will fall to be written off as and when losses are ascertained.
§ Mr. RAMSBOTHAMasked the Secretary to the Overseas Trade Department the nature of the contracts in which export credits have been granted for the supply of goods to Russia within the last 12 months; and the amounts involved in respect of each commodity for which credits have been approved?
§ Mr. GILLETTIn reply to the first part of the question, I have nothing of importance except chemicals to add to246W the commodities enumerated in the answer which I gave to a question asked by the hon. Member for Blackpool (Sir W. de Frece) on 26th May. As regards the second part, it is not desirable to give the amounts involved in respect of each commodity.