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Friday, 10 December 1965

Mr UREN (REID, NEW SOUTH WALES) - I preface my question, which is directed to the Treasurer, by directing attention to recent developments in Washington on the urgent reassessment of the United States balance of payments. United States Government spokesmen have called for further restrictions on the outflow of capital to foreign countries because of the continuing drain on the foreign reserves of that country caused by the Vietnam war. I ask: As the Australian economy has been geared for many years to reliance on an indiscriminate and unlimited inflow of United States capital can the right honorable gentleman assure the House that the Government has taken planned measures to rectify any impact on our economy that the immediate turning off of the flow of American capital may have?

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