§ Sir Richard BodyTo ask the President of the Board of Trade, pursuant to her answer of 12 December 1997,Official Report, columns 718–19, what was the total value of potential ECGD liabilities under guarantees relating to defence-related business; what was that figure as a percentage of the value of all liabilities under ECGD guarantees, in each year; and when figures for 1996–97 will be available. [32817]
§ Mrs. RocheThe total value of new liabilities assumed by ECGD under guarantees in respect of defence related business issued in each of the three years was as follows:
Total value of defence business £ million Defence as a percentage of all business 1994–95 727 21 1995–96 1,015 23 1996–97 385 15 ECGD is unable to determine retrospectively the total liabilities which matured under its guarantees in these years in respect of individual sectors such as defence related business.
The claims figures for 1996/97 have now been audited and remain as quoted in my answer to the hon. Gentleman of 12 December 1997, Official Report, column 718–19.