§ 95. Mr. Oramasked the President of the Board of Trade what was the value of British exports of gas and chemical machinery to the Soviet Union and Eastern Europe in 1960, 1961 and 1962, respectively; what proportion this represented of total British exports of this type of equipment; and what steps he proposes to take by way of improved credit facilities and other means to enable British manufacturers to secure more of this business.
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§ Mr. GreenThe value of United Kingdom exports of gas and chemical machinery to the Soviet Bloc in 1960, 1961 and 1962 was £0.6 million, £4.2 million and £2.8 million, respectively. This represented 15 per cent., 47 per cent. and 28 per cent. of total United Kingdom exports of this type of machinery in these years.
The present facilities offered by the Export Credits Guarantee Department, which take full account of officially-backed credit from other countries, should enable British manufacturers to offer competitive terms in these, as in other, markets.