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Thursday, 22 November 1973
Page: 3766

Mr DEPUTY SPEAKER -I suggest that the honourable member to return to the Bills.

Mr GILES - Thank you, Mr Deputy Speaker. I will certainly do that. Having mentioned 6 ways in which parts of the wine industry have been unduly hit by this Government with its determination to try to cost completely out of existence every industry that does not exist in a metropolitan area, I will return to the subject of revaluation of stock. This Government has gambled that the wineries and the distilleries of this country will be able to find an amount which the industry says is $37m over a period of 5 years commencing in 1974. If the wineries are unable to do this there are several alternatives. Firstly, they will go broke. I will quote later on in my speech the opinion of the Labor Premier of South Australia on how many will go broke. The second alternative is that they will have to seek equity elsewhere. Nobody in this House who knows what this Government has done would want the small family wineries in this country to be taken over. The Deputy Leader of the Opposition, the honourable member for Flinders (Mr Lynch), mentioned foreign takeovers. That is one possibility. Surely nobody wants the wine industry to be taken over by the bigger wineries in this country, whether they be international wineries or not. In fact, one may go so far as to say that only 16 per cent of the wine produced in Australia today is produced under circumstances where international finance is even remotely involved. The rest is produced by the small traditional wineries which have put Australia on the map.


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