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Wednesday, 14 November 1973
Page: 3283


Mr WHITTORN (BALACLAVA, VICTORIA) - I address a question to the Treasurer. Will Australia lose its prominent position on world aluminium production because of policy decisions of this Government? Has Comalco Ltd decided not to set up a $500m alumina refinery at Weipa because of the 331/3 per cent appreciation of the Australian dollar against the United States dollar, because 33 per cent of overseas funds for investment here have to be deposited in the Reserve Bank and because of the removal of the investment allowance for secondary industries? Is this another example of progress withering on the vine, which usually comes with socialism, or is this the sort of excitement that the Prime Minister finds so exhilarating when he talks at the Lord Mayor's Ball in Melbourne?


Mr CREAN (MELBOURNE PORTS, VICTORIA) (Treasurer) - Other than newspaper reports of it I am not aware of the decision by Comalco. I suggest that the honourable gentleman put his question on notice.







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