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Thursday, 29 March 1979
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Mr Morris asked the Minister for Transport, upon notice, on 7 March 1 979:

(1)   What loans to the Australian Shipping Commission were outstanding as at 30 June 1978.

(2)   Who was the lender in each case.

(3   ) At what date was each loan scheduled to mature.

(4)   What were the terms of borrowing for each loan.

(5)   What was the exchange rate profit or loss incurred by the Commission in each year since it commenced borrowing abroad.

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

(I)   to (4) Australian Shipping Commission loans outstanding at 30 June 1978 were sourced from the Australian Government, overseas banks and shipbuilders, and Australian Government loan raisings on-lent to the Commission.

The Commission's 1977-78 Annual Report, which I tabled on 22 November 1978, contains details of the aggregate value of loans outstanding at 30 June 1978, repayments due on those loans within twelve months and subsequently, and interest paid on them during 1977-78. Detailed disclosure of individual loans could be damaging to the Commission in its commercial operations.

(5)   Foreign currency exchange gains/losses reported by the Australian Shipping Commission since 1 969-70 are:



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