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Shipbuilding (Export Credits Guarantees)

Volume 646: debated on Tuesday 24 October 1961

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asked the President of the Board of Trade to what extent, and in how many cases, credit facilities have been granted or assisted by the Government for building ships in British shipyards for foreign ownership.

This year the Export Credits Guarantee Department has given guarantees of payment on eight orders for ships by buyers overseas. The total value of these orders is £4·8 million.