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Export Guarantees Act (Section 2)

Volume 649: debated on Monday 13 November 1961

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asked the President of the Board of Trade what is the amount of the outstanding current liabilities incurred under Section 2 of the Export Guarantees Act; and in what countries they are incurred.

The amount is£211 million.As my right hon. Friend will be aware, some further information in respect of these liabilities was given in the debate on the Export Guarantees Bill on Friday last.It is not the practice to disclose the Department's credit insurance liabilities on individual markets, but a list of Section 3 economic assistance loans was given in reply to Questions by the hon. Member for Haltemprice (Mr. Wall) on 26th and 27th July last. Since then a£2 million loan for earthquake relief for Chile has been signed.