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Friday, 25 September 1970

Mr CREAN (Melbourne Ports) - J desire to make a personal explanation on an entirely unrelated matter. In a question 1 asked on Tuesday, 22nd September, I stated that a certain Mr Beasley was a director of a company known as Pace Insurance Co. and that that company had a paid up capital of $2. Yesterday I received a letter from Mr Colin McDonald, the General Manager of Pace, giving the following information:

Mr J.D. Beasley was for a brief period a Director of this Company but his resignation was accepted on 22nd October 1969.

The paid up capital of this Company is $140,000.

This Company is in no way associated with any other insurance company.

I just want to put that on record.

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