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Column 791Slough Head Office
Southend on Sea
Stockton on Tees
Stoke on Trent Head Office
Sunderland Head Office
Swansea Head Office
Welwyn Garden City
Wakefield Head Office
Waltham Cross (Lea Valley)
Dundee Head Office
Mr. Thurnham : To ask the Secretary of State for Trade and Industry what are the projected future costs of export credit and financing support provided for project exports ; and if he will make a statement.
Mr. Redwood : ECGD charges premium to cover administration costs and expected future net losses. The historical results of these operations are published in ECGD's annual trading account. The latest available projections of the cost of interest rate support for exports insured by ECGD are those published in the 1990 public expenditure White Paper for the next three years from 1990-91.
The forecast cost of interest rate support is £259 million in 1990-91, £90 million in 1991-92, and £10 million in 1992-93. These figures are calculated using certain
Column 792assumptions about future interest rates which are standard throughout Government and actual expenditure will vary in line with fluctuations in these rates.
Mr. Morgan : To ask the Secretary of State for Trade and Industry if he will make it a requirement of the privatisation of the insurance services group of the Export Credits Guarantee Department that existing staff in that Department transferring to the private company be given the right of returning to the Civil Service ; and if he will make a statement.
Mr. Forth : There have been numerous representations both for and against various aspects of the proposal. Unless agreed otherwise with the parties concerned, these representations have been made in confidence and it would be inappropriate to list them.
Mr. Forth : I receive a steady flow of complaints about timeshare problems, mainly criticising the sales techniques of some companies. My hon. Friend will be aware that I asked the Director General of Fair Trading in June 1989 to conduct a review of the whole range of timeshare problems and to report in the early part of this year.
Mr. Grylls : To ask the Secretary of State for Trade and Industry if he will review the facilities available to exporters seeking entry to the South African market, following the political developments in that country.
Mr. Ridley : Within the limits of our international obligations, the full range of DTI services is already available to United Kingdom exporters seeking entry to the South African market. We do not at present offer financial support for firms wishing to participate in trade missions to or trade fairs in South Africa. Recent announcements by President de Klerk are to be welcomed and we will consider what more can be done to help exporters in the light of future developments.