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PM's appeal to business sector unconvincing



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No am ount of soothing w ords fro m th e P rim e M in iste r w ill convince b u sin e ssm e n

th a t the L a b o r G o v ern m en t h a s suddenly adopted a new and enlightened ap p ro ach

to the b u sin e ss s e c to r .

The D eputy L e a d e r of th e O pposition, M r. L ynch, s a id th is in M elbourne today,

in a com m ent on M r. W h itlam 's sp eech l a s t night to th e Q ueensland C h a m b e r of

M a n u fa c tu re s.

"M r. W h itlam 's r e m a r k s a re about a s convincing a s an a rs o n is t appealing fo r

su p p o rt fo r m o re e ffectiv e f ir e c o n tro l m e a s u re s , " M r. Lynch s a id .

"W hat b u s in e s s le a d e r s need a re p o sitiv e p o lic ie s and proof, not pious p ro se and

p la titu d e s .

" A u s tra lia today is s tr ik e bound and in flatio n to rn .

"T he L ab o r G o v ern m en t m u st a cc ep t the m a jo r re s p o n s ib ility fo r allow ing inflation

to a ssu m e such m a s siv e p ro p o rtio n s and in d u s tria l u n re s t to re a c h re c o r d le v e ls .

"T h ese a r e am ong the m a jo r c o n c e rn s of the b u sin e ss s e c to r, but not th e only

b u s in e s s is s u e s on which the c re d ib ility of th is G o v ern m en t h a s fo u n d e re d ."

The D eputy O pposition L e a d e r s a id M r. W h itlam 's re fe re n c e to b u sin e ss le a d e r s as

'in d isp e n sib le a ll i e s ' could not be re c o n c ile d w ith th e in s u lts of th o se s e n io r m in is te rs

who had b ran d e d th e sa m e m en a s 'm ugs and h illb illie s ' and as 'fin an c ially inept

and in c o m p e te n t'.

The p re s e n t G o v e rn m e n t's a n ti-b u s in e s s p re ju d ic e s a r e d e e p -se a te d and continuing.

T h is is re fle c te d in su ch m e a s u re s a s :

. The w ith d raw al of the b u sin e ss in v estm en t allow ance; .

. th e in c re a s e in p riv a te com pany tax;

» re d u c e d su p p o rt fo r in d u s tria l r e s e a r c h and developm ent;

. a lte ra tio n s to the P e tro le u m P ro d u c ts P r i c e s S ta b ilisa tio n S chem e, and

. th e e n la rg e m e n t of th e p o w ers of th e A u s tra lia n In d u s trie s D evelopm ent

C o rp o ra tio n .

* * * * * * * *

PR L ;FS :2;122 OCTOBER 2, 1Θ73.