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Wednesday, 9 March 1966

Mr DEPUTY SPEAKER (Mr Lucock (LYNE, NEW SOUTH WALES) - Order! I suggest to the honorable member that the matter he now seeks to raise might be better dealt with as part of the subject matter of the next item to be debated.

Mr CREAN - I bow to your ruling, Sir. I was about to point out that the Australian National Line had an asset structure of $50 million compared with the $140 million assets of Qantas. So we suggest that the Government should consider expanding in the future not only our airlines but our external shipping lines as well. On behalf of the Opposition I again ask for a more satisfactory explanation than has been given for the decision to borrow this money. Why incur this interest burden when the Government's assets are sufficiently liquid to enable it to pay cash? I trust that honorable members will see the merit of my remarks and will support the amendment that I have moved.

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