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Tuesday, 10 October 1972
Page: 1397

Senator MULVIHILL asked the Minister representing the Minister for the Interior, upon notice:

Was a cattle station in the Northern Territory, Calvert Downs', sold to a Japanese syndicate; if so, was the sale in Australia's interest.

Senator COTTON-The Minister for the Interior has provided the following answer to the honourable senator's question:

The 50 year pastoral lease known as 'Calvert Hills' was recently transferred to a joint venture company comprising 80 per cent Japanese interest and 20 per cent Australian interest. The former lessee holds the Australian interest in the new company.

After careful consideratuion of the circumstances regarding the proposal, the Administrator of the Northern Territory, with the Government's approval consented to the transfer.

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