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Thursday, 9 December 1971
Page: 4390

Mr HAYDEN (Oxley) - I wish to make a personal explanation. With some humility I confess to the House that I misrepresented Conzinc Riotinto of Australia Ltd. I have received a letter from Mr Lewis, the Manager-Public Relations of Conzinc Riotinto in which he refers to a speech that I made in the House on 2nd December 1971. He draws my attention to the fact that in that speech 1 said that 84 per cent of the shares of Conzinc Riotinto of Australia Limited were held by the United Kingdom parent company, the RioTinto-Zinc Corporation Ltd. He points out that the figure now is 80.65 per cent with respect to shares held by the parent company. I am sure that all Australians will heave a sigh of 'gratitude' at this 'magnificent' gesture to local equity which has been displayed by Conzinc Riotinto of Australia Ltd.

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