HC Deb 17 June 1958 vol 589 c64W
Mr. Hector Hughes

asked the President of the Board of Trade if he is aware that Messrs. Garvie and Sons, of Aberdeen, are handicapped in fulfilling a large foreign order for threshing machines because the Exports Credits Guarantee Department of the Board of Trade refuse coverage as hitherto, and that this increases unemployment and deprives Great Britain of much-needed foreign currency; and if he will take steps to rectify this.

Mr. Vaughan-Morgan

I understand that the hon. and learned Member is referring to an order from Egypt. There is nothing to prevent payment being made on cash terms as is being done in other instances. There is at present, however, no satisfactory general basis for trade and payments between the two countries and in present circumstances credit insurance cover is not available.