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Thursday, 9 May 1957

Mr Ward d asked the Treasurer, upon notice -

1.   What financial interest has the Commonwealth Engineering Company Limited?

2.   Has the Government been negotiating for the sale of its interest in this establishment?

3.   If so, what method of disposal is proposed?

Sir Arthur Fadden - The answers to the honorable member's questions are as follows: -

1.   The Commonwealth owns 293,760 £1 shares in the Commonwealth Engineering Company Limited. 2 and 3. The questions whether and, if so, how a sale of the Commonwealth's shareholding in the company is proposed obviously involve matters of Government policy, and it is not the practice to deal with such matters in reply to parliamentary questions.

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