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Export Credits Guarantee Department (Applications)

Volume 655: debated on Thursday 8 March 1962

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48.

asked the President of the Board of Trade what is the average time taken in reaching a decision on applications within the export guarantee provisions.

In view of the wide range of propositions put to E.C.G.D., no average time can be calculated. Most of the applications are for credit limits on terms up to 6 months, of which the Department receives over 3,000 a week. 75 per cent. of these are answered within 72 hours.