§ 63. Mr. Tilneyasked the Chancellor of the Exchequer whether he will make arrangements for export credits of 30 to 180 days to be financed at the same rate of interest as longer-term credits also covered by the Export Credits Guarantee Department, instead of at current Bank Rate.
§ Mr. Harold LeverNo, Sir; this is a matter for the commercial banks concerned who chose Bank Rate as the appropriate rate for credit below two years when supported by E.C.G.D.'s direct guarantees to them.