Export Credits Guarantee Department

HC Deb 14 January 1977 vol 923 cc621-3W

Mrs. Winifred Ewing

asked the Secretary of State for Trade how many loan applications: (a) have been made, (b) are being processed or considered and (c) have been granted by the United Kingdom

new capital works until June 1977, in consequence of the statement on 15th December by my right hon. Friend, the Chancellor of the Exchequer.

Export Credits Guarantee Department.

Mr. Meacher

The only loans which have been made by ECGD or are being processed or considered are those to the London and Scottish clearing banks under the refinancing scheme in connection with their provision of fixed rate export finance. The amounts outstanding under this scheme are included in the ECGD Quarterly Statutory Return published in "Trade and Industry", which also includes details of amounts outstanding under economic assistance arrangements made by ECGD prior to the establishment of the Ministry of Overseas Development. ECGD's main function remains the provision of guarantees to support British exports.