HC Deb 11 December 1956 vol 562 c21W
3. Mr. Page

asked the President of the Board of Trade whether he will authorise the Export Credits Guarantee Department to modify, in respect of constructional projects in overseas countries, its stipulation regarding acceptance of the works and to treat periodical certificates as acceptance of the works to the full extent of the value shown in the certificates.

Mr. P. Thorneycroft

The Export Credits Guarantee Department issues standard guarantees to contractors which give cover from the date the contract is signed. The stipulation that constructional works must have been accepted by the overseas buyer only arises when Export

UNITED KINGDOM TRADE WITH THE COMMONWEALTH AND COLONIES
— Percentages of respective totals
Year 1952 Year 1953 Year 1954 Year 1955 January-October, 1956
Per cent. Per cent. Per cent. Per cent. Per cent.
Imports from Commonwealth countries 46.0 48.7 47.8 45.7 45.0
of which, from United Kingdom Colonies 11.0 10.4 10.5 10.1 9.9
U.K. exports to Commonwealth countries 48.8 48.6 48.7 48.2 46.1
of which, to United Kingdom Colonies 14.3 13.9 12.7 13.2 12.9
Re-exports to Commonwealth countries 8.2 13.6 14.6 15.1 13.4
of which, to United Kingdom Colonies 2.5 3.4 4.0 4.5 4.2
Total trade with Commonwealth countries 46.3 48.1 47.7 46.2 44.9
of which, with United Kingdom Colonies 12.1 11.8 11.4 11.3 11.1