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Wednesday, 25 November 1959


Mr MENZIES (KOOYONG, VICTORIA) (Prime Minister) - I literally do not know how much of the material needed will be imported. The Queensland Government will be attending to that work. The rest of the honorable member's question seems to consist of an objection to the use of capital from overseas. I am bound to say that I will use as much capital from overseas as I can in this country because if we confine ourselves to the capital that we can generate internally we will slow down development very grievously. If the honorable member wants to hear a pretty frank opinion of his view on the importation of foreign capital he should go down and address the employees at the Ford works or the International Harvester works at Geelong, or at the General Motors-Holden's works and see how they like the idea of cutting off supplies of capital from overseas.







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