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Wednesday, 20 March 1968


Mr GORTON (HIGGINS, VICTORIA) (Prime Minister) - I have seen nothing whatever to indicate that the flow of overseas capital for the development of Australia has in fact fallen off or been diminished. In regard to the second part of the question asked by the honourable member, relating to the effects of the devaluation of the British currency on Australian industries, I would point out to him that there have been committees established, both in the primary industries and in the secondary industries, to investigate where losses have actually occurred. The Government has indicated that it would not expect those losses to be borne by those industries - I speak of actual losses, not of avoidance of gains - rather than the community in general.







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