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Thursday, 21 September 1972
Page: 1775

Mr McMAHON (Lowe) (Prime Minister) - by leave - I wish to correct a statement I made this morning about a Bermudan corporation, in answer to a question asked by the honourable member for Melbourne Ports (Mr Crean). I said then that I had heard the name of the corporation to which the honourable member referred but I had not had any papers submitted to me on the matter. Certainly I have not had anything submitted to me recently, but on 17th April I did receive a minute from the Treasury informing me that both the

Treasury and the Reserve Bank of Australia recommended approval of the application submitted by the corporation, and subsequently the application was agreed to. I confirm also that I will write a letter to the honourable gentleman who asked the question setting out most of the details of the matter.

Sitting suspended from 1.3 to 2.15 p.m.

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