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Wednesday, 20 September 1972
Page: 995

Senator LAUCKE (SOUTH AUSTRALIA) - I desire to ask a question of the Minister who represents the Minister for Trade and Industry in this place. Has the Minister's attention been drawn to the very meritorious export performance of General Motors-Holden's Pty Ltd over the last 6 months, being 47 per cent higher than for the same period in 1971? Has the Minister noted that overseas sales during the first half of this year realised $34.6m? I ask: Do these figures not give the lie to carping critics of the Australian motor vehicle industry as to the quality of local production and indicate that Australian made vechicles can compete effectively with those of other manufacturing countries in highly competitive markets?

Senator COTTON - Yes, they certainly do. The performance of General MotorsHolden's is most encouraging. I have seen the information to which the honourable Senator has referred. It is becoming very clear that Australia increasingly is becoming regarded as a very good country in which to manufacture and assemble motor vehicles for distribution in a much wider field outside this country. I think that it is also of great interest to look at the very buoyant pattern of Australia's export trade, the great liquidity developing in the Australian system and the increasing components of that trade taken up by Australian manufacturing industry compared with the number in earlier years. Out of all this, it is not hard to understand why other countries want to invest in this country and send money here.

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