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Tuesday, 6 December 1960


Mr DUTHIE (WILMOT, TASMANIA) - I ask the Treasurer whether he is in a position to inform the Parliament of the bona fides or otherwise of the North American Vending Machine Company which has encouraged substantial investment by Australians. I should like to point out that one of my constituents, who invested £150 in this company, was told recently that further interest payments have been suspended pending an investigation of the company by an investigator appointed by the Governor in Council in Tasmania. I ask the Treasurer whether the Commonwealth Government has any control over the operations of such companies. Further, what would be the position of those who have invested in this company should it be declared insolvent or fraudulent?







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