HC Deb 26 October 1955 vol 545 cc37-8W
108. Sir L. Plummer

asked the President of the Board of Trade when the facilities of the Export Credits Guarantee Department will be available for trade with Turkey.

Mr. Low

Two years ago a ceiling was placed by the Export Credits Guarantee Department on cover for exports to Turkey. In recent months the facilities of the Export Credits Guarantee Department have been limited to cover for the sale of essential spare parts for United Kingdom machinery and vehicles already imported into Turkey. The extension of cover will depend on the progress made by Turkey in the settlement of arrears due to United Kingdom firms and in payment for current business.