§ 70. Dame Irene Wardasked the Chancellor of the Exchequer on what grounds banks have been instructed to take into account sums advanced with Treasury guarantees for Export Credit in their total permitted advances; and what discretion banks have to refuse customers for Export Credit advances in order to meet the request of customers of good repute and long business standing.
§ Mr. P. ThorneycroftBecause of the importance of our export trade, the banks have been told that in calculating the total level of advances they can exclude medium-term advances guaranteed by the Export Credits Guarantee Department.