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Thursday, 5 March 1970

Dr J F CAIRNS (LALOR, VICTORIA) - Does the Minister for Trade and Industry recall informing the House that he had first put proposals for an industry development corporation to the Cabinet in 1966 and 1967? On 14th May last year he said that the proposal was in a state of suspended animation. Can he now inform the House of the factors or arguments which have operated in Cabinet since May 1969 to bring about a remarkable change which apparently has now led to the decision to establish this corporation? Are the reports justified that indicate that this is simply a token given to the Minister by the Prime Minister as a mark of their victory over the former Treasurer, who is now the Minister for External Affairs?

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