Export Incentives

Oral Answers to Questions — Board of Trade – in the House of Commons at 12:00 am on 29th April 1965.

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Photo of Mr Paul Channon Mr Paul Channon , Southend West 12:00 am, 29th April 1965

asked the President of the Board of Trade what proposals he has for further incentives for exporters.

Photo of Mr Edward Redhead Mr Edward Redhead , Walthamstow West

My right hon. Friend has at present no addition to make to the new measures which he announced on 8th April, but is keeping the matter under review.

Photo of Mr Paul Channon Mr Paul Channon , Southend West

Does not the Minister of State recognise and agree that the concessions which the Government have gained are as nothing compared with the damage that they are inflicting the whole time on our exporting companies by the petty and vindictive measures taken in the Finance Bill?

Photo of Mr Edward Redhead Mr Edward Redhead , Walthamstow West

On the contrary, I would suggest that the figures of exports in the first three months of this year give tangible evidence of an improvement consequent upon the Government's measures.

Photo of Sir Peter Emery Sir Peter Emery , Reading

Would the hon. Gentleman have words with his right hon. Friend in order to encourage exports and to ensure that this new step of the Government today of a very severe further credit squeeze is not applied by the banks to companies which are dealing to a very large extent with exports and export orders?

Photo of Mr Edward Redhead Mr Edward Redhead , Walthamstow West

These are questions obviously for consideration.

Photo of Mr Edmund Dell Mr Edmund Dell , Birkenhead

Are not the Government considering the arrangements for cheap export finance irrespective of the period of credit?

Photo of Mr Edward Redhead Mr Edward Redhead , Walthamstow West

My hon. Friend will be aware that my right hon. Friend included in his last statement on 8th April a number of measures for improving credit facilities. These continue to remain under review.