British Credit Facilities, France

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 23 July 1946.

Alert me about debates like this

Photo of Mr David Renton Mr David Renton , Huntingdonshire 12:00, 23 July 1946

asked the Chancellor of the Exchequer what credit facilities are at present in operation to enable prospective buyers in France of British manufactured products to purchase goods which will be ready for delivery within the next 12 months.

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland

Normal commercial and banking facilities, including guarantees by the Export Credits Guarantee Department.

Photo of Mr David Renton Mr David Renton , Huntingdonshire

Is the right hon. Gentleman aware that, owing to the excellent British exhibits which have been shown in France, a large number of prospective French buyers have booked orders which cannot be fulfilled, because of the French shortage of sterling? Will he give the matter his further attention, with a view to enabling the French to overcome that shortage?

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland

Yes, Sir, I am very anxious to encourage trade between this country and France, but it must not be all one-way trade.