BRITISH EXPORTS
*~ CREDIT GUARANTEES
SCHEME TO BE CONTINUED
(British Official Wireless.) Ree 12 noon. RTj-ÜBl', April 4. A bill is to be introduced by the, Government to extend the operation of the exports credits scheme until March, 1935. Under the existing legislation, the scheme lapses in Beptemoer next year. The extension has been decided upon in older to remove uncertainty irom the minds of exporters. This has been rendered more necessary by the increasing number of exporters wlio are taking advantage of the facilities provided for insurance against the risk of bad debts abroad. Nearly 1000 new connections have, been made during the last year, and since July, 1926, contracts contracts concluded''under the scheme aim'int. to nearly £i13,C00,000. The new bill will not increase the maximum liability of the Government, which is £26,000,000.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17227, 5 April 1930, Page 5
Word Count
133BRITISH EXPORTS Poverty Bay Herald, Volume LV, Issue 17227, 5 April 1930, Page 5
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