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Thursday, 12 November 1959


Mr Ward d asked the Prime Minister, upon notice -

1.   What Commonwealth interests in industrial or commercial undertakings have been disposed of since 1949?

2.   What amount of Commonwealth money was invested in each undertaking and what price was obtained as a result of each sale?

3.   Were these investments profitable at the time of disposal; if so, why was each of them sold?


Mr Menzies - The answer to the honorable member's questions is as follows: - 1 to 3. It has been the established and wellknown policy of the Government to dispose of the Commonwealth interest in industrial or commercial undertakings whenever it believed that the activity was more appropriate for private enterprise or whenever the purpose for which the undertaking was established or acquired no longer existed. Action taken from time to time in accordance with this policy is a matter of public knowledge.







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