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Thursday, 18 May 1972
Page: 1781

Senator NEGUS - Does the Minister representing the Minister for trade and Industry know that Renold Australia Pty Ltd of Benalla, Victoria has reduced its staff by 80 over the last 12 months because of inroads of cheap imports of chains similar to those which it manufactures? Is he aware that unless urgent action is taken this industry may have to shut down within a few months, so causing unemployment and the loss of an industry which has been established since 1949? Will he endeavour to apply quantitative import restrictions on transmission chain up to 1 inch and so save this Australian industry? Will he treat this matter as urgent?

Senator COTTON - In a debate on the motion to adjourn the Senate last week this matter was dealt with at length. It was an interesting debate in which honourable senators on both sides of the chamber took part. As I remember the problem of Renold Australia Pty Ltd it concerns specifically one part of its chain manufacturing programme. The Department of Trade and Industry has had the matter under review for some time. 1 saw to it that the report of the whole of the Senate debate on this matter was sent to the Department for its consideration.

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