HC Deb 08 May 1992 vol 207 cc9-10W
Mr. Butterfill

To ask the President of the Board of Trade whether the Export Credits Guarantee Department will be seeking an advance from the Contingencies Fund, against a summer supplementary estimate.

Mr. Needham

Parliamentary approval is being sought for a supplementary estimate class IV, vote 5 ECGD: export finance assistance, for additional provision of £1.2 million to meet a final claim under the cost escalation facility. This facility was closed to new business in 1984.

Pending approval by Parliament of the supplementary estimate, the expenditure concerned will be financed by a repayable advance from the Contingencies Fund.