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Wednesday, 20 September 1972
Page: 999

Senator MCAULIFFE - Is the Minister representing the Minister for Shipping and Transport aware that the percentage of Australia's ocean trade carried in Australian flag vessels is the lowest of any major trading nation? Is the Minister concerned with this situation? Does he agree that a subsidy for export vessels would assist the development of Australian flag fleets in international trade?

Senator COTTON - The figures are known to me and, like the honourable senator, I am interested in and' concerned about them. Australia is a large exporting nation. What matters, of course, is the cost of carriage of our exports. What has to be established is whether our own established flag carriers would carry the goods overseas at a lower or a higher rate. That is the sort of work to which the Department is devoting its attention.

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