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Wednesday, 3 May 1961

Mr BARNARD (BASS, TASMANIA) - My question is addressed to the Prime Minister. Is it a fact that his Government has sold its half-share in Tasman Empire Airways Limited for £1,000,000? Also, is it a fact that the Minister for Air in the New Zealand Government, Mr. McAlpine, has announced that the value of the aircraft alone owned by T.E.A.L. is at least £7,000,000? If these are facts, why did

Australia sell assets worth at least £3,500,000 for £1,000,000?

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