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Friday, 30 April 1971

Senator DRAKE-BROCKMAN - The answer to the honourable senator's question is. as follows:

(1)   As stated in reply to an earlier question the. value of the spares stored in Australia is $US37m. The whole of these spares will not be returned to the United States of America.

(2)   No spares have been returned because of deterioration. The majority of spares returned to date for use' by the United States Air Force are those having a finite storage life. These are valued at about$US690,000 and will be credited to the

Commonwealth at their acquisition price. Spare to the value of about $US2.2m have been returned for rework due to modification changes to the aircraft rendering the existing spare parts unsuitable. After rework these spares will be returned to Australia. Certain other spares have also been returned toUSAF at its request to cover shortfalls in the USAF inventory. The value of these spares is about $US1 15,000 which has been credited to the Commonwealth.

(3)   Of the total $US37m values of spares stored in Australia about $US27m represents the cost of Maintenance Supply Items (Repairable equipment items) which are not consumable or subject to repetitive replacement. These will be retained in stock until a decision to: accept or reject the F-111C aircraft is made. .

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