HC Deb 25 February 1970 vol 796 cc323-4W
14. Mr. Cant

asked the President of the Board of Trade to what extent financial guarantees were used in support of the shipbuilding industry during calendar year 1969.

UNITED KINGDOM EXPORTS TO:
Sterling Area* Western Europe† EFTA EEC
Value £m. Percentage of Total U.K. Exports Value £m. Percentage of Total U.K. Exports Value £m. Percentage of Total U.K. Exports Value £m. Percentage of Total U.K. Exports
1960 … 1,302 34 1,292 34 449 12 610 16
1961 … 1,251 32 1,490 38 501 13 715 18
1962 … 1,188 29 1,666 41 535 13 829 20
1963 … 1,285 29 1,852 42 574 13 941 22
1964 … 1,344 29 1,962 43 641 14 963 21
1965 … 1,445 30 2,061 42 687 14 980 20
1966 … 1,387 26 2,247 43 763 15 1,046 20
1967 … 1,321 25 2,262 43 782 15 1,044 20
1968 … 1,474 23 2,736 43 889 14 1,296 20
1969 … 1,642 22 3,269 45 1,081 15 1,526 21
* Excluding Irish Republic, Iceland, Gibraltar, Malta, Cyprus
†Including Irish Republic, Iceland, Gibraltar, Malta, Cyprus.

Mr. Mason

Most exports of oceangoing merchant ships are supported in this way. In 1969, E.C.G.D. issued 25 financial guarantees relating to loans totalling £37 million, supporting contracts for 28 ships with an export value of £47 million.