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Tuesday, 30 April 1968

Mr McMAHON - 1 have grave doubts about whether the last part of the honourable gentleman's question is correct. I will look it up. However, I can state with accuracy that 90% of the funds required for investment in Australia are found from Australian sources. The other 10% is found from overseas investment. I admit that in this case a big proportion of the 10% goes into the kind of industry in which we would like to see growing participation by Australian investment. I believe that the Australian Resources Development Bank, the initial operations of which took place a few days ago, will play an important part in the future in ensuring that Australian resources of the kind I have just mentioned are developed by Australian interests.

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