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Monday, 19 October 1970

Mr COPE (SYDNEY, NEW SOUTH WALES) - I preface my question, which I direct to the Treasurer, by stating that the United States Ambassador, in giving an address to the Perth Chamber of Commerce on 23rd September last, stated, inter alia, that over the past 10 years the proportion of foreign ownership of Australian company assets has not increased. I ask the honourable gentleman whether he is aware that the figures as issued by the Commonwealth Statistician indicate an increase of foreign ownership of Austraiian industrial assets exceeding 10 per cent in the last 10 years. Will he inform the United States Ambassador that his statement is incorrect?

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