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Tuesday, 30 August 1960

Mr PETERS - May I induce the Treasurer to come from behind your chair, Mr. Speaker, to answer a question without notice? As the right honorable gentleman is no doubt aware, Japan has exercised severe restrictions upon the induction into Japan, or the investment in Japan, of foreign capital, and, though these restrictions have been somewhat relaxed, Japan still controls the amount of foreign capital being invested there and determines the activities in which such investment shall take place. Will the right honorable gentleman tell this House what the restrictions were and are, and, if they were, and are, necessary to protect Japan from economic and political subservience to outside capitalists, will he state whether the Government will consider discriminatory restrictions on the induction into Australia, or the investment in Australia, of foreign capital?

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