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19 Sept 2002 : Column 142W—continued

Export Credit Guarantees Department

Dr. Cable: To ask the Secretary of State for Trade and Industry, pursuant to her answer of 15 May 2002, Official Report, column 659W, on the Export Credit Guarantees Department, if she will break down the money paid under the Export Credit Guarantees Department (a) in (i) 1999–2000, (ii) 1998–99 and (iii) 1997–98 to the USSR (Civil Misc), (b) in 2000–01 to Jordan, (c) in 1999–2000 to the Philippines (Civil Aerospace), (d) in 1999–2000 to Indonesia (Civil, Misc), (e) in 1999–2000 to Indonesia, (Civil Aerospace) and (f) in 1999–2000 to Indonesia (Defence) by (A) the company and (B) the project involved; and if she will make a statement. [70553]

Ms Hewitt: The table below lists the companies that ECGD has paid claims to and the types of project involved for the requested markets, years and sectors. ECGD seeks to recover claims payments on all cases whether through rescheduling agreements in the Paris Club or negotiations with individual buyers.

1997–98USSR/Bank of ScotlandElectronics plant
Civil Misc.HSBC Bank plcFood processing plant
Lloyds TSBLine of Credit (*3)
Morgan Grenfell and Co LtdModernisation and Expansion of Acrylic Fibre plant
National Westminster BankPolypropylene plant
Steel Mill
Train Information System
Vehicle design and development
Total Claims£53.2m
1998–99USSR/Civil Misc.Bank of ScotlandElectronics plant
HSBC Bank plcLine of Credit (*3)
Lloyds TSBModernisation and Expansion of Acrylic Fibre plant
Morgan Grenfell and Co LtdPolypropylene plant
National Westminster BankSteel Mill
Train Information System
Vehicle design and development
Total Claims£46.1m
1999–2000USSR/Civil Misc.Bank of ScotlandElectronics Plant
Deutsche Bank AG LondonLine of Credit
Polypropylene Plant
Vehicle design and development
Total Claims£37.8m
2000–01Jordan/Civil Misc.J Henry Schroder and Co LtdCommunications Equipment
Total Claims£3.0m
1999–2000Philippines/Civil AerospaceCredit Agricole IndosuezCivil Aircraft
Total Claims£14.9m
1999–2000Indonesia/Civil Misc.ANZ Banking Group LtdAirport Security Equipment
Barclays Bank plcBridges
Citibank International plcCoal Handling Terminal
HSBC Bank plcDiesel Generators
Lloyds TSBHydroelectric Power Station
West LBNavigational Aids
Radio Studio Equipment
Search and Rescue Equipment
Ship Loading Equipment
TV Studio
Vacuum MetalliserTotal Claims£15.3m
1999–2000Indonesia/Civil AerospaceBarclays Bank plcCivil Aircraft
Citibank International plcFlight Simulator
Lloyds TSB
Total Claims£14.5m
1999–2000Indonesia/DefenceANZ Banking Group LtdAirforce Training Facility
HSBC Bank plcArmoured Vehicles
Kleinwort Benson LtdFlight Simulator
Lloyds TSBGround to Air Missiles
West LBLine of Credit (*3)
Military Aircraft
Military Communications Equipment
Naval Simulators
Radar Equipment
Total Claims£149.8m

19 Sept 2002 : Column 143W

John Austin: To ask the Secretary of State for Trade and Industry what investigations are being carried out by the ECGD following the judgment of Judge Cullinan in Lesotho, on British companies that received ECGD support; and whether they have referred this case to the relevant external investigatory body. [72919]

Ms Hewitt: We are aware that there has been a guilty verdict delivered against Masupha Sole, the former Chief Executive of the Lesotho Highlands Development Authority. However, the consortia involved in the Lesotho Highlands Water Project have not been convicted of corruption.

ECGD is currently seeking information from the companies who were supported by ECGD and who were members of the consortia concerned, and continues to closely monitor developments in relation to Court action in Lesotho.

ECGD is fully committed to eliminating bribery and corruption. On 28 September 2000, ECGD strengthened its own anti corruption measures—pre-empting the OECD Export Credit Group's Action Statement on Bribery and Officially Supported Export Credits and reflecting the OECD Convention on Combating Bribery of Foreign Public Officials.

Mr. Chaytor: To ask the Secretary of State for Trade and Industry what the total was of (a) premiums and (b) claims paid by the Export Credits Guarantee Department in the financial year 2001–02. [72606]

Ms Hewitt [holding answer 24 July 2002]: The following table details premiums earned and claims paid for 2001–02.

I have also included the total of recoveries and interest received by EGCD in the same period.

£ million
Premium Earned76.9
Claims Authorised250.0
Recoveries and Interest503.5

19 Sept 2002 : Column 144W

Mr. Chaytor: To ask the Secretary of State for Trade and Industry what the total of (a) premiums earned, (b) recoveries received, (c) claims paid and (d) interest support was in Export Credits Guarantee Department operations in relation to their defence business in (i) 2000–01 and (ii) 2001–02. [72504]

Ms Hewitt [holding answer 24 July 2002]: The following table details Claims Paid, Premium Earned and Claims Recovered in respect of ECGD's support for defence related business in 2000–01 and 2001–02. The cost of interest rate support has been estimated on the proportion of ECGD credit business constituted by defence related business.

Information on amounts received through Paris Club rescheduling has not been included as it is not held on sectoral basis and this cannot be readily determined. It is likely that taking account of these amounts would improve the position in respect of defence business cashflow.

YearPremium Earned £ millionClaims Paid £ millionEstimate of Interest Rate SupportClaims Recovered £ million

Mr. Colman: To ask the Secretary of State for Trade and Industry what ECGD support has been granted for (a) fossil fuel, (b) renewable energy and (c) nuclear power projects, broken down by country, in each year from 1997 to 2002. [72864]

Ms Hewitt: The following table details amounts of ECGD business issued for power projects within the fossil fuel, nuclear and renewable energy sectors, between 1997 and 2002 to date.

Fuel TypeMarket£ million 1997–98£ million 1998–99£ million 1999–2000£ million 2000–01£ million 2001–02£ million Total
FossilAbu Dhabi88
Dominican Republic2323
Hong Kong73174
Saint Kitts and Nevis88

19 Sept 2002 : Column 145W

Mr. Cousins: To ask the Secretary of State for Trade and Industry, pursuant to her answer of 21 June 2002, Official Report, column 588W, on ECGD, if she will break down the figures for the financial years (a) 1999–2000 and (b) 2000–01 by country. [72926]

Ms Hewitt: The following table details premium earned and claims paid by ECGD in respect of defence business by country for financial years 1999–2000 and 2000–01.

19 Sept 2002 : Column 146W

Figures for claims indicate the year of payment rather than the year of underwriting. The majority of these claims have been subject to internationally brokered rescheduling agreements and it is expected that these claims will be recovered in full over time.

The calculation of the premium amount for defence business in 1999–2000 has fallen slightly (from £27 million to £25.4 million) since ECGD was first asked to provide this figure. This is due to a combination of improved systems for reporting on business by industrial sector and movements in sterling–US dollar exchange rates.

PremiumTurkey10.2South Africa29.2
Saudi Arabia8.9Saudi Arabia6.6

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