CREDIT ON EXPORTS
BRITISH GOVERNMENT EXTENDS SCHEME INSURANCE ON BAD DEBTS Heed. 10.30 a.m. RUGBY, Friday. 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 September of next year. The extension has been decided upon in order to remove the uncertainty from the minds of exporters. This has been rendered more necessary by the increasing number of exporters who are taking advantage of the facilities provided for insuring againSt the risk of bad debts abroad. Nearly 1,000 new connections have been made during the past year, and since July, 1926, contracts concluded under the scheme amount to nearly v .£l3. The new Bill will not increase the maximum liability of the Government, which is £26,000,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19300405.2.64
Bibliographic details
Sun (Auckland), Volume IV, Issue 940, 5 April 1930, Page 9
Word Count
135CREDIT ON EXPORTS Sun (Auckland), Volume IV, Issue 940, 5 April 1930, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in