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Thursday, 31 October 1974
Page: 2187


Senator JESSOP (SOUTH AUSTRALIA) - I direct a question to the Minister representing the Treasurer. I refer to the Deputy Prime Minister's pending visit to the United States and other countries to persuade overseas enterprises to invest in Australia. As this seems to be an incredible reversal of Government policy in respect of overseas investment in this country, can the Minister give details of the type of investment that the Government has in mind and the amount of capital that the Deputy Prime Minister hopes to attract from foreign investors?


Senator WRIEDT -Dr Cairns is not going overseas for the purpose stated by the honourable senator whose information is based on newspaper reports. Dr Cairns is going to a meeting in the Caribbean-Central America area, and his trip is quite divorced from any of the matters referred to in the honourable senator's question. I understand that on his way back to Australia he will be visiting New York and Washington. I do not know what discussions he will be having there, but if he cares to convey to me the information that the honourable senator seeks I will provide the honourable senator with it.







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