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Wednesday, 19 April 1961

Mr WHITLAM (WERRIWA, NEW SOUTH WALES) - The Minister foi Trade will be aware that the 49 per cent. Australian share-holding in Volkswagen (Australasia) Proprietary Limited has been acquired by the overseas parent company. As the Minister has often stated that the Government prefers a partnership of local and overseas capital, I assume that it does not approve this latest take-over. Was the Government consulted in this matter? What prospects are there for exports of motor cars now that all the substantial Australian manufacturers are wholly owned overseas?

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