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Tuesday, 21 March 1961

Mr PETERS (SCULLIN, VICTORIA) - Is the Treasurer aware that a leading Australian economist, Mr. P. Shrapnel, in addressing a big meeting of Melbourne businessmen, said that the flow of private capital into Australia from overseas would drop by £100,000,000 this year? Is this statement correct? If so, what effect will it have upon our overseas funds in this financial year and the next? If it is not correct, what has been the inflow of overseas capital into Australia during the last nine months?

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