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Export Credits (Turkey)

Volume 245: debated on Wednesday 19 November 1930

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56 and 57.

asked the Secretary to the Overseas Trade Department (1) if he is prepared to divert credits allocated to certain foreign markets under the Export Credits Scheme, but which have not been exhausted, to the Turkish markets where traders have been refused credit insurance facilities;

(2)if the full amount of credit allocated under the Export Credits eme for Turkey has been exhausted; and, if so, whether, seeing that there is business to be done in that country, providing employment for operatives in the woollen industry of the West Riding of Yorkshire if credit insurance is provided, he will make a further allocation of credit for Turkey?

The Advisory Committee to the Export Credits Guarantee Department will be glad to consider on their merits any proposals regarding exports to Turkey.

Does the hon. Gentleman not consider that, in the difficult times through which we are passing, along with business men all over the country, the Department might be prepared to take greater risks than normally of making bad debts, in order to win trade in foreign markets and provide employment, whereas restriction of insurance facilities would throw many people out of employment?