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Tuesday, 27 October 1964
Page: 1311

Senator O'BYRNE (Tasmania) .- J refer to Division No. 858- Commonwealth Hostels Ltd. - and the proposed appropriation of £389,000. Will the Minister outline the basis on which Commonwealth Hostels Ltd. operates? Is it a public company? The name certainly indicates that it is. Why does the Government propose to provide £389,000 for buildings, equipment, fittings and furniture for a public company? Is this amount being advanced in the form of a repayable loan? If so, it should not be included in the Appropriation Bill. What are the terms of repayment of this loan by the company?

Senator Wright - It is a wholly owned subsidiary of the Government.

Senator O'BYRNE - Then why is it called Commonwealth Hostels Ltd.?

Senator Wright - Because it is a subsidiary company of the Government. This is one of the modern crazes. I do not justify it; 1 am merely commenting on it.

Senator O'BYRNE - Very well. I am interested in the reason for the appropriation of £389,000.

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