§ Mr. Moateasked the Secretary of State for Trade and Industry how many schemes for overseas investment have been guaranteed under the terms of the Overseas Investment and Export Guarantees Act 1972; and what is the approximate value of the guarantees given.
§ Sir G. HoweI assume that my hon. Friend is referring to Section 1 of the Act. No insurance agreements under this section have been concluded yet, and the liabilities assumed are, therefore, nil. It is, however, expected that cover will be given shortly in respect of a number of applications.