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Thursday, 22 October 1964

Senator DITTMER (QUEENSLAND) - I address my question to the Minister for Civil Aviation. Does the Minister know that eight groups hold almost 30 per cent. of the shares of Ansett Transport industries Ltd.? Of these groups Mount Lyell Investments Ltd. and Boral hold 2,753,000 shares, the W. R. Carpenter holding company 2,589,000, Mr. and Mrs. Ansett, 643,000, Australian Mutual Provident Society 500,000, the Perpetual Trustee company 500,000 and Huddart Parker 389,000. Is the honorable gentleman aware that these groups, because of their basic enterprises, would be unlikely to have conflicting interests and so could, for all practical purposes, control the policies and activities of Ansett Transport Industries Ltd.? Does he consider that Labour Party representatives are unfair in condemning Mr. Reg Ansett as the ruthless, tough, pushing, favourite son of the Menzies Government when he is merely the front runner for powerful groups who, in no small measure, dominate the Government and to whom the Government must owe many favours? Does he not also consider that these groups should be sound enough financially to provide sufficient finance at their own risk without guarantees from the Government?

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