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Thursday, 29 May 1969

Senator WRIGHT (Tasmania) (Minister for Works) - The system was introduced in 1968. It is covered only by the Appropriation Bill; there is no special legislation. I. wish to inform Senator Webster that the anticipated guarantees amount to $3. 181m at the moment. The projects are indicated in the second table which was incorporated in Hansard. This sum is for projects which have been approved but have been delayed owing to the difficulty in obtaining satisfactory loans. In respect of those projects it is intended to provide immediately a guarantee of $3.1 81m.

Senator Webster - That is not quite the answer to my question, but I shall not pursue the matter because we are short of time.

Senator WRIGHT - Thank you.

Bill agreed to.

Bill reported without amendment; report adopted.

Third Reading

Bill (on motion by Senator Wright) read a third time.

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