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Thursday, 26 November 1959

Mr CASEY - The Indus waters matter has been under active discussion and negotiation, not since last August but for a number of years. The International Bank for Reconstruction and Development has taken a foremost part in these negotiations as an honest broker acting between the two governments which are principally concerned. I am not up to date in respect of the last few weeks, but when I last heard of the matter it had been progressing well, thanks largely to the part that was being played by Mr. Eugene Black, the chairman of the International Bank.

It has been proposed that the International Bank should contribute over a period of years towards the large capital sum which is involved, and that other well-disposed countries should contribute also. I cannot at this moment state the precise amount that Australia is likely to contribute over a period of years, but it is expected that it will be quite substantial.

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