Oral Answers to Questions — Trade Facilities and Export Credit Guarantees.

– in the House of Commons on 11th November 1926.

Alert me about debates like this

Photo of Sir Patrick Hannon Sir Patrick Hannon , Birmingham Moseley


asked the Chancellor of the Exchequer whether he will present to the House a full statement of the total amounts guaranteed as on 31st October, 1926, under the Trade Facilities Act and the Export Credits Guarantee Scheme, and the total losses, if any, which the Treasury has sustained through such guarantees?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

A detailed statement of the guarantees which the Treasury have stated their willingness to give under the Trade Facilities Acts is presented to the House every quarter, the latest being House of Commons Paper No. 139 of 1926, giving the figures up to the 30th September, 1926. The total amount guaranteed under those Acts up to the 31st October, 1926, is £68,950,780; and the total losses which the Treasury has so far sustained are £29,174 4s. 11d.

The total amount guaranteed under the Export Credits Guarantee Schemes up to the 31st October, 1926, was £6,213,079. The total amount which so far has been written off as irrecoverable in connection with these guarantees is £20,412.

Photo of Mr Robert Taylor Mr Robert Taylor , Lincoln

Can the right hon. Gentleman say in which countries this loss has been incurred?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I cannot say that without notice, and I cannot promise that I can get the information.

Photo of Mr William Briggs Mr William Briggs , Manchester, Blackley

Is it the fact that when this grant of £5,000,000 is exhausted, it is the intention of the Government to discontinue it?

Photo of Mr John Whitley Mr John Whitley , Halifax

That question has already been answered.