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Wednesday, 3 November 1971
Page: 2940

Mr CHARLES JONES (Newcastle) - The Loan (Qantas Airways Limited) Bill seeks to ratify a loan which will, in the first instance be borrowed by the Government and then reallocated to Qantas. The loan of $11,310,400 is made up of $7,377,600 from the Export-Import Bank of the United States of America and 2 other loans of $3,106,300 and $826,500 from the Boeing Company. The purpose of this loan is to enable Qantas to purchase its fifth Boeing 747 aircraft. There are a few points with which I should like to deal before moving an amendment tothis Bill. I seek leave to incorporate in Hansard a copy of a letter which was written by Qantas to the American Government giving details of this loan. The text of the letter was tabled in this House about a week ago by the Minister representing the Treasurer.

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