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Monday, 5 June 1939

Mr Green n asked the Prime Minister, upon notice -

1.   Did the honorable member for Kalgoorlie, on tlie 19th May, ask for information concerning the annual salary and certain expenses drawn by Sir Ernest Fisk, as managingdirector of Amalgamated Wireless (Australasia) Limited, in which company the Commonwealth Government has a controlling interest?

2.   Did the Government directors on the board obtain this information at the meeting of the board on Monday, the 29th May?

Mr Menzies - The answers to the honorable member's questions are' as follows : -

1.   Yes.

2.   The majority of the board of Amalgamated Wireless (Australasia) Limited is unwilling that details of this kind should become a matter of public knowledge. It points out that the company is incorporated in the State of New South Wales, and that the Companies Act 193(i, of that State, although it provides that the accounts of public companies have to contain certain particulars, including the total amount paid to the directors as remuneration for their services, expressly excludes from this provision thu remuneration paid to a managing-director of a company. I am, however, able to say that the amount paid to Sir Ernest Fisk has been communicated confidentially to me, and that in my opinion, having regard to the nature ot the business of the company and the work done by Sir Ernest Fisk, it is not unreasonable. the intention of the Government to review the decision made by the previous Government with regard to these matters.

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