London, Dec. 21.
A new venture, the British Export Credits and Guarantee Depar'- ment, which is now prepared to insure British exporters to Germany against risks of default and also 10 shoulder responsibilities in connec tion with inability to transfer funds, has come into existence.
The department is considered very important, as it provides the Government with an effective means of controlling the volume of Anglo-German trade, which could be adjusted by the lowering or raising of insur-Jance charges, thus acting as a regulator of the exchange agreement.
The scheme, if successful, may be extended to trade with other countries—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.