§ 83. Mr. Errollasked the President of the Board of Trade the total amount that the Export Credits Guarantee Department are liable for in regard to insurance on Brazilian trade.
§ Mr. MackesonThe total estimated commitments of the Export Credits Guarantee Department in respect of exports to Brazil amount to about £32 million.
§ 84. Mr. Errollasked the President of the Board of Trade how much the Export Credits Guarantee Department has paid out in respect of Brazilian trade during this year; and how much remains to be paid.
§ Mr. MackesonThe total sum paid by Exports Credits Guarantee Department in respect of its liabilities on exports to Brazil amounts during the current financial year to about £4.8 million. It is estimated that at the present rate of payment, and provided that no unforeseen circumstances intervene, claims paid up to the end of March next will amount to about £15 million. On this basis the Department will still have to meet its liabilities in the next financial year on a further sum now estimated at approximately £15 million.