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Friday, 15 May 1970

Mr WHITTORN (BALACLAVA, VICTORIA) - I direct a question to the Treasurer. Because of the growing surplus of foreign exchange being accumulated by Japanese interests and their need to invest this surplus overseas, to what extent has the Government considered whether Japan will invest this surplus where it trades? Is the Government doing anything to make certain that our trade with Japan is not only continuous but also increased on a permanent basis by encouraging Japan to invest its surplus here? What safeguards if any would be needed to protect Australia's interests at the same time?

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