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Thursday, 2 December 1971
Page: 4115

Dr Gun asked the Postmaster-General, upon notice:

(1)   Has interstate surface mail from Melbourne to Adelaide been carried by road, rather than rail, since 15th September 1971.

(2)   Was the closing date for tenders 24th September, 1971.

(3)   Who was the successful tenderer and what was the amount quoted.

(4)   From whom were other tenders received and what was the amount quoted in each case.

Sir Alan Hulme - The answer to the honourable member's question- is as follows:

(l)   and (2) Four written quotes were obtained on the 10th September, 1971, for the conveyance of mail by road between Melbourne and Adelaide as from the 14th September, 1971. This was an interim arrangement pending the calling of public tenders which closed on the 24th September, 1971. The lowest written quote and the lowest tender were accepted.

(3)   The successful tenderer was Ansett Transport Industries (Operations) Pty Ltd who tendered at the rate of 0.9 cents per lb.

(4)   Twenty-seven tenders were received. It is not Post Office policy to make public the names and prices of unsuccessful tenderers.

Pre-war Commonwealth, State and Municipal Debts (Question No. 3730)

Mr Whitlam asked the Treasurer, upon notice:

(1)   Will he give information on internal and overseas securities on issue, annual interest liability and capital repayments in respect of (a) the Commonwealth, (b) each State, (c) semigovernmental authorities in each State and (d) local governments in each State between 1935, when statistical data for local and semigovernment debt were first collected, and the war years when this collection was discontinued (Hansard. 20th August 1971, page 493)

(2)   What were the (a) dates and (b) terms of the original and any subsequent gentlemen's agreement covering the borrowing programmes of semi-governmental authorities (Hansard, 22nd September 1959, page 1270).

Mr Snedden - The answer to the honourable member's question is as follows:





The figures shown for local and semi"governmental authorities are based on information published in successive 'Finance' bulletins by "the Commonwealth Statistician. The New South Wales figures have been adjusted to align them with the present-day treatment of the county councils as local government authorities, and the Victorian semi-governmental indebtedness series for the years ended 30th June 1935 to 1938 inclusive have been adjusted to include indebtedness of the Credit Fonder Department of the State Savings Bank at those dates. However these figures may still not be strictly comparable with those for more recent years previously supplied to the honourable member (Hansard, 15th May 1970, pp. 2331ff) largely on account of differences in coverage; this is particularly true of 1935 and 1936, for which years only an incomplete coverage of indebtedness was achieved.

Details of the capital repayments of local and semi-governmental authorities are not collected. The adjusted figures shown for the years ended 30th June 1937 to 1941 relateto funds provided for combined redemption programmes for both internal and overseas debt, i.e. repayments by instalments, and amounts credited to sinking funds - including earnings on sinking fund investments.

(2)   (a) and (b) The Gentlemen's Agreement was entered into by the Australian Loan Council in 1936. It has represented a means whereby all previous, and subsequent resolutions of the Loan : Council, relating to borrowings by larger semigovernment bodies and local authorities of the Commonwealth or of a Stale, have been consolidated into one set of rules. Since 1967-68 larger authorities have been defined as those borrowing more than $300,000 in any one year. The Loan Council decides the maximum total amounts to be borrowed by all such authorities under the jurisdiction of the Commonwealth and each State. This aggregate amount is then allocated among the several authorities by their respective governments. Once borrowing programmes have been determined in this way, the terms and conditions of each loan raised is subject to Loan Council approval.

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