HC Deb 24 February 1995 vol 255 cc378-9W
Mr. Cousins

To ask the Secretary of State for Defence when the Treasury gave its approval to the creation of the state-owned export credit operation of IMS Export Finance House; and if there are any other such state owned export credit operations.

Mr. Freeman

Formal Treasury approval was not required for this commercial initiative by International Military Services Ltd. Our understanding is that the Export Credits Guarantee Department is the only state-owned export credit institution currently operating.

Mr. Cousins

To ask the Secretary of State for Defence whether the activities of IMS Export Finance House run by the Ministry of Defence are covered by the limits of the Organisation for Economic Co-operation and Development consensus on export support; and whether they are included in the fixed rate export finances scheme.

Mr. Freeman

I refer the hon. Member to my reply of 21 February 1995,Official Report, column 101.

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