BRITISH EXPORTS

Grey River Argus, 15 June 1937, Page 5

BRITISH EXPORTS

Credit Policy (British Official Wireless). RUGBY, June 11. The House of Commons to-day fulfilled an unusually heavy programme. Three financial resolutions were passed, the first relating to the extension of export credit facilities. The Parliamentary Secretary to the Department of Overseas Trade (Mr R. S. Hudson) said that the experience in the l ast few years, which had seen the total of the guarantee rise from £7,500,000 in 1933 to £35,000,000 in 1936, had proved the Exports 'Credit Guarantee Department as an experiment which could now properly be regarded as part of the permanent trade facilities available to British exporters. It was proposed to raise the total of guarantees to £50,000,000. The second resolution was for the purpose of authorising the Post Office to barrow up to £35,000,000 for the development of telephone, telegraph, and postal services. The Postmaster-General (Mr G. C. Tryon) described th e expansion of the telegraph a nd telephone services, and said that the proposed programme would give employment to about 47,000 men. After the third resolution, the House considered the Physical Training Recreation Bill, which passed its third reading. Before the House rose the Parliamentary Secretary to the Board of Education (Mr Kenneth Lindsay) mentioned that special consideration was being given to use films for arousing interest a nd giving instruction in physical education.