A Bill is to be introduced by the Government to extend the operation of the export credit scheme until March, 1085. Under the existing!
the scheme lapses in September, next year.
The extension has been decided upon in order to remove uncertainty from the minds of exporters. Thi has been rendered 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 Ihave been made daring the last year and, since July, 1926, the contracts concluded under the scheme amount to nearly £13,000,000.
The new Bill will not increase the maximum ability of the Government, which is £26,000,000.—Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.