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Thursday, 5 December 1974
Page: 4598

Dr GUN (KINGSTON, SOUTH AUSTRALIA) - My question is directed to the Minister for Manufacturing Industry and is complementary to the question which was just asked by the honourable member for Barton. The Minister will recall that last week I asked him whether assistance could be given to industries which were considering retrenching employees because of excessive stocks. Rephrasing that question I ask: If the Government has to spend say $100,000 re-employing workers under the Regional Employment Development Scheme anyway, is it not better to keep them employed at their present jobs by spending a fraction of that amount in helping a firm to maintain a high level of investment in stocks, for example, by assisting in paying the interest on overdrafts? If this is done, will it not have the further benefit of averting future shortages? I again ask the Minister: Will he give consideration to this proposal and make a recommendation along these lines to the

Government? Has he anything to add to the answer he gave to my previous question on this subject?

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