asked the President of the Board of Trade what percentage of the sums advanced by the Government under the Export Credits Scheme has actually fallen or is estimated to fall as a liability upon the Government?

The total of the advances made under the Export Credits Scheme amounts to £1,750,154, of which £193,309 has been repaid up to the present date, while a considerable proportion of the remainder is not yet due for repayment. No advance can yet be stated to be definitely irrecoverable. A reserve fund against eventual losses under the scheme (including guarantees as well as advances) has been formed out of commission and premia, and now amounts to about £200,000.