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Tuesday, 19 May 1970


Mr BURY (WENTWORTH, NEW SOUTH WALES) (Treasurer) - As the House may well realise, we are the fourth largest contributor of capital to the Asian Development Bank. We have a great interest in it. Very shortly I will be bringing before the House a Bill to make a donation to its special funds of a further $10m. The President of this allegedly inefficient Bank happens to be a long standing personal friend of mine. He is a man of great talent and he has on his staff a number of extremely efficient, dedicated and able Australians, many of whom I met during the recent annual meeting. I am quite sure it is a most efficient and well run institution. I noticed, as did other delegates, that certain remarks were passed by this Congressman during our meeting at Seoul. The honourable member will be well aware that there are in every assembly, even in this one, a number of loose nuts. I would suggest to the honourable member-


Mr SPEAKER -Order! The Minister will resume his seat for a moment. I suggest to the honourable members for Chifley and Riverina who. are interjecting that they restrain themselves. On the last 2 occasions that they interjected 1 should have spoken to them. I did not do so, but if they continue in this fashion I will have to deal with them.


Mr BURY - I also suggest that there are one or two members of popular assemblies who are more interested in headlines than the facts. I do not know of the particular circumstances experienced by this Congressman, but I would imagine that probably some of his hosts have been a little too kind to him by virtue of his office and he has been misled by some superficial aspects of hospitality which have nothing to do with the serious running of this great institution.







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