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Tuesday, 31 October 1967


Dr Patterson asked the Treasurer, upon notice:

What was the total amount of Federal funds given to individual primary industries by nonrepayable grants in each of the last 10 years in respect of (a) subsidy, (b) bounty, (c) research and (d) other direct financial assistance?


Mr McMahon - The answer to the honourable member's question is as follows:

The main Commonwealth non-repayable grants in respect of primary industries over the past 10 years are set out below. The amounts specified as research grants are those paid into trust accounts on a matching basis with industry contributions.

In addition, a substantial amount of research in respect of these industries is financed from the C.S.I.R.O. Vote and further amounts are provided by the Commonwealth for grants for other research projects. Primary industries also benefit from the lower prices of petroleum products made possible by subsidy payments.

 







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