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Thursday, 17 October 1974
Page: 1820

Senator COTTON (New South Wales) - This Bill is not opposed by the Opposition in the Senate; indeed, it is welcomed because it is a continuation of earlier Bills which were put through when we ourselves were in government. It provides for an extension of the electricity program and is principally designed to develop the resources of the Ramu Valley. The Bill is designed to provide technical assistance and finance and to expand the electricity distribution system. There seems to be little point in having a long debate about this Bill. It is consistent with previous Bills. The interest rate is satisfactory and the general repayment terms are satisfactory. The Bill contains a general proposal for the underwriting of the development of Papua New Guinea's resources which began in the time of our government and is being continued in the time of this Government. Accordingly, we support the measure.

Question resolved in the affirmative.

Bill read a second time, and passed through its remaining stages without amendment or debate.

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