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Wednesday, 13 November 1974
Page: 2308


Senator CARRICK - My question is directed to the Minister representing the Treasurer and refers to the complete absence from the Prime Minister's speech last night of any mention of the severe problems now confronting semigovernment and local government bodies throughout Australia, particularly their difficulties in raising loan funds to finance their works programs. Is the Government aware that unless the borrowing programs are achieved, widespread sacking of employees is inevitable? Is it a fact that representatives of semi-government and local government bodies recently sought assistance for their works programs from the Government and that the Government rejected such approaches? In view of the importance of local government works, will the Government give immediate consideration to a practical form of underwriting such borrowings in a way similar to the underwriting of State loan funds?


Senator WRIEDT - I will refer the question to the Treasurer for an answer.







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