GUARANTEED EXPORT CREDITS
BRITISH DEPARTMENT PRAISED
EXCELLENT RESULTS
'BRtTiStl OMUH WtrtK!.«SS.I (Received April 23, 7.15 p.m.) RUGBY, April 21. At the concluding session of the annual meeting of the Association of British Chamber"? of Commerce, a high tribute was paid to the great services of the Expor' Credits Guarantee Department, through which in the last seven yca:s exports have been guaranteed to the value of £47.000,000. Losses amounted to only £350,000, and the amount recovered from defaulters was £IOO,OOO. On March 31 the balance in hand on the operations of the previous four years was £ 1,359,000. Outstanding liabilities were £8.000.000. It is suggested that the balance in hand should go into a suspense account instead of going automatically into tiie Treasury and that tl)o Premiums charged might in this w ay be reduced. It is suggested a) so that the department might consider raising the cover from f>o 75 per cent, at the present premium.
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Bibliographic details
Press, Volume LXX, Issue 21147, 24 April 1934, Page 11
Word Count
155GUARANTEED EXPORT CREDITS Press, Volume LXX, Issue 21147, 24 April 1934, Page 11
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