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Wednesday, 16 March 1966

Mr. BENSON__I ask the Minister for

Trade and Industry: Is it true that several foreign companies operating in Australia have no Australian share content? Would the Minister be agreeable to the formation of an Australian-Japanese shipping company with 60 per cent, plus Australian content? Is the Minister aware that if big bulk carriers manned by Australians and flying the Australian flag are not available within, say, eighteen months, bulk cargoes from Australia will fall into the hands of foreign enterprise?

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