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Tuesday, 3 April 1973
Page: 1034

Mr Garland asked the Minister for Second ary Industry, upon notice:

What are the details of the sum that has been loaned to or invested by the Australian Industry Development Corporation to 31st December 1972.

Dr J F Cairns (LALOR, VICTORIA) (Minister for Overseas Trade) - The answer to the honourable member's question is as follows:

The most recent figures available on the financial activities of the AIDC are contained in the latest Annual Report of the Corporation and relate to the financial year 1st July 1971 to 30th June 1972.

This report showed that at 30th June 1972$1 6.8m was on loan to AIDC. Since that time the Corporation has made publicly announced issues of securities, in Australia and overseas, totalling approximately $25m.

Investment by AIDC at 30th June 1972 stood at approximately $55m. Of this, $44m represented the value at cost of general investments, comprising principally investment of capital funds, while investments in industry projects were valued at $llm.

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