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Tuesday, 30 November 1976


Mr Morris asked the Minister for Transport, upon notice:

(   1 ) Has an increase in loan funds been made available to Connair.

(2)   If so,

(a)   what is the amount of the additional loan funds

(b)   what was the reason for the increase

(c)   what are the terms of the additional loan.


Mr Nixon -The answer to the honourable member's question is as follows:

(   1 ) Yes, in the sense that the existing loan was reconstituted to its original figure.

(2)   (a) $308,584.12 was the difference vide ( 1 ) above

(b)   to provide interim financial assistance to the company to continue to operate its air services

(c)   the rate of interest on the principal was set at 10.5 per cent, payable monthly with principal repayable in full on 30 September 1980.

Connair: Inquiry into Operation and Finances (Question No. 1424)


Mr Morris asked the Minister for Transport, upon notice:

(   1 ) In view of the large amount of public funds paid to Connair since 1961, will he initiate an inquiry into the operation and finances of the company.

(2)   If so, will he ensure in the meantime that the employment of the company's employees will be protected, and that air services will continue to be provided tor residents of the Northern Territory.


Mr Nixon -The answer to the honourable member's question is as follows:

(   1 ) No, but the frequent subsidy investigations carried out by the Department in all cases where subsidy is paid will continue to be made and referred to the Minister for Transport.

(2)   Not applicable.







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