TRADE DRIVE
MEASURES OF EXPANSION IN BRITAIN INCREASE IN -EXPORT GUARANTEES. BILL BEFORE THE HOUSE OF COMMONS. (British Official Wireless.) RUGBY, February 2. ■ The House of Commons today gave a second reading to the Bill providing for the taking of a census of production and finished the committee stage of the Bill extending the power of the Board of Trade to give a guarantee up to a maximum of £75,000,000 instead of £50,000,000 as at present, for establishing or encouraging overseas trade. Speaking in the debate, the Parliamentary Secretary to the Board of Overseas Trade, Mr R. S. Hudson, mentioned that the new increase in capital commitments of the export and credits guarantee fund since the Bill waS introduced last December was £1,500,000. At that time there had been a balance of about £6,000,000 available under the old maximum.
How long the new maximum would suffice depended on the degree to which industries availed themselves of these facilities. He reminded the House that his department was urging upon the export industries the desirability of organising themselves to meet modern conditions in world markets.
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Wairarapa Times-Age, 4 February 1939, Page 7
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183TRADE DRIVE Wairarapa Times-Age, 4 February 1939, Page 7
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