§ 35. Sir W. Wakefieldasked the President of the Board of Trade if he is aware that in recent years credits to the amount of 161,245,000 dollars have been authorised by the Export-Import Bank of Washington to 11 countries to purchase aircraft and aviation equipment from 10 leading United States of America aircraft manufacturers; and what credit facilities are being granted by Her Majesty's Government to these and other countries to purchase aircraft and equipment made by British aircraft, engine and equipment manufacturers.
§ Mr. Vaughan-MorganI am aware of the activities of the United States Export-90W Import Bank in the field of aircraft exports. Her Majesty's Government does not normally grant credit facilities, which it is the job of the City and the banks to provide. They are supported by the export credit insurance facilities provided by the Exports Credits Guarantee Department, which has, over the period quoted by my hon. Friend, guaranteed credits in respect of the export of aircraft, aircraft engines and aviation equipment to 19 countries to a value of £128 million, that is 352 million dollars.