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Wednesday, 3 November 1976
Page: 2261

Mr UREN (REID, NEW SOUTH WALES) -I direct my question to the Treasurer. In his speech to the London Financial Times seminar he said that the current Government program of borrowing overseas was partly designed to bridge the gap until private capital inflow revives. In view of the reported reluctance of foreign investors to respond to the Budget enticements, how long can the Government go on bridging the gap in this way?

Mr LYNCH (FLINDERS, VICTORIA) (Treasurer) - The Government will go on bridging the gap according to its own judgment of the circumstances before it. The honourable gentleman should bear in mind very much the considerable interest that has now been shown by overseas investors in coming to Australia. I have indicated to the honourable gentleman previously the number of projects that have been authorised for commencement since the Government came to power. The Government has no doubt about the medium to longer haul prospects for a flow of overseas capital into Australia.

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