HC Deb 21 November 1994 vol 250 c23W
Mr. Nicholas Winterton

To ask the President of the Board of Trade (1) if the Export Credits Guarantee Department, while under Government ownership, was ever subject to a claim for payment from Stone Platt International, Platt Hollingsworth, Platt Saco-Lowell, John D. Hollingsworth, Longclose Engineering, Platt Longclose, Stone Platt Industries or Platt Brother, relating to the export of textile machinery supplied to PT Westra Inda, Texmaco-Polysindo of Indonesia or companies owned by Texmaco of the Philippines or any related companies under the ownership or control of Mr. Marimutu Sinivasan which was subsequently not made in full; and if he will make a statement;

(2) what settlements the Export Credits Guarantee Department reached with PT Westra Indra, Texmaco-Polysindo of Indonesia or companies owned by Texmaco of the Philippines or any related companies under the ownership or control of Mr. Marimutu Sinivasan relating to non-payment for textile equipment received from British suppliers; and if he will make a statement.

Mr. Needham

I can confirm that an agreed settlement of certain outstanding amounts due to the United Kingdom organisations mentioned by my hon. Friend and guaranteed by ECGD has been reached.

Details are commercial in-confidence between the parties and I am, therefore, unable to disclose further information to my hon. Friend.