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Tuesday, 21 March 1961


Mr HAYLEN (PARKES, NEW SOUTH WALES) - I direct a question without notice to the Treasurer. It concerns the Chevron-Hilton Hotel in Sydney and the Stanley Korman Companies, the American associates of Hilton's Hotels, which are alleged to be in debt for nearly £1,000,000 in New South Wales. Is it a fact that, or can. the Treasurer tell me whether, despite the financial difficulties of the company due to the credit squeeze, a bank advance of £30,000 was given to pay the American expert, Mr. McLellan, so that he could depart for the United States, leaving the company and its Australian creditors lamenting? I ask whether it is true as published that - and I quote -

It is understood that the Government gave the green light to the bank because it feared that if one Korman company collapsed the whole empire would go with it.

I ask the Minister, who has not answered my question on the loan-







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