Export Credits Guarantee Department (Bad Debts)

HC Deb 22 March 1967 vol 743 c272W

84. Captain W. Elliot

asked the President of the Board of Trade what was the total sum of bad debts covered by the Export Credits Guarantee Department for initial orders up to £100 and orders up to £1,000, respectively, from overseas, for the two years January, 1965 to January, 1966, and 1967.

Mr. Jay

This information is not readily available.

Small claims paid in the two years ending 28th February, 1966 and 28th February, 1967 were:

	1965–66	1966–67
	No.	Value	No.	Value
		£		£
Amounts up to £1,000 of which	1,770	458,430	1,855	451,712
Amounts up to £100	644	27,120	813	31,853

These include partial losses under larger orders and are the gross amounts paid. Recoveries are expected to produce substantially reduced figures for net loss.