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Anglo-Polish Trade

Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 9th May 1957.

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Photo of Mr Cyril Osborne Mr Cyril Osborne , Louth Borough 12:00 am, 9th May 1957

asked the President of the Board of Trade why the sterling facilities to Poland have been reduced from the £50 million asked for to £5 million; what British manufactures which the Polish Government are proposing to buy will now not be available; what further steps he proposes to take to increase Anglo-Polish trade; and if he will make a statement.

Photo of Mr David Eccles Mr David Eccles , Chippenham

Exporters to Poland have arranged credits privately and no doubt will continue to do so. The Exports Credits Guarantee Department is ready to underwrite such credits in suitable cases. No figure of £5 million has been fixed as a limit. The position has been explained in previous Answers, and I would refer my hon. Friend to the statement made by my hon. Friend the Joint Under-Secretary of State for Foreign Affairs on 16th April in reply to the hon. Member for Reading (Mr. Mikardo).

Photo of Mr Cyril Osborne Mr Cyril Osborne , Louth Borough

Is not my right hon. Friend aware that the Economist, which gave this figure of £5 million last week, is usually a reliable newspaper on these issues? Is there any hope of giving greater facilities for this trade in the near future?

Photo of Mr David Eccles Mr David Eccles , Chippenham

If it can be arranged on commercial terms, I hope that it will expand.