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Tuesday, 3 December 1974
Page: 3008


Senator BAUME (NEW SOUTH WALES) - My question is directed to the Minister representing the Treasurer. Did the Australian Government underwrite a recent share issue by Mary Kathleen Uranium Ltd? As an underwriter, did the Government take any responsibility for the preparation of the prospectus which accompanied the offer of shares? Did the prospectus materially understate the potential profitability of company contracts, especially in view of today's announcement of an 80 per cent price increase on all existing contracts? Since trading in Mary Kathleen shares has this morning been suspended on the Melbourne Stock Exchange will the Government make an early statement on its part in the preparation of a prospectus which may have reduced the equity of individual Australians in this company?


Senator WRIEDT - The question should be placed on notice for a reply from the Treasurer.







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