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Exports (Foreign Payments)

Volume 360: debated on Tuesday 7 May 1940

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43.

asked the President of the Board of Trade whether the Export Council will arrange for its groups to sell in certain foreign countries against irrevocable bank credits, or by barter methods, so as to prevent currency losses, or payments defaults, or repudiation of contracts?

Methods of payment are matters to be settled by exporters with their customers having regard to all the circumstances.