§ Mr. Priceasked the Parliamentary Secretary to the Board of Trade whether he is aware that Turkish importing firms are unwilling to pay for British goods till these goods are delivered; that British exporting firms want payment against shipping documents in London; and whether he will recommend a scheme whereby the sale of British goods to Turkey can be financed by export credits under a State guarantee?
§ Mr JohnstoneI have seen a statement in the Press that payment difficulties of the kind mentioned by the hon. Member were being encountered although in fact United Kingdom exports to Turkey are increasing rapidly. The transfer facilities offered by the Export Credits Guarantee Department are designed to meet difficulties of this nature, and I understand that the United Kingdom Commercial Corporation is also prepared to assist traders.