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Thursday, 13 November 1941

Senator FOLL asked the Minister representing the Treasurer, upon notice -

1.   Is it a fact that large sums of money are being spent in Australia to-day in a search for oil - notably in Queensland and Western Australia?

2.   Has the Treasurer inquired into the effect the new taxation proposals outlined in the budget, regarding the non-allowance as a deduction of money spent in prospecting, will have on the search for oil and minerals in Australia?

3.   Will the Treasurer give further consideration to thismatter before proceeding on the lines suggested?

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