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Thursday, 21 November 1974
Page: 2624

Senator DAVIDSON (SOUTH AUSTRALIA) - My question is addressed to the Minister representing the Minister for Manufacturing Industry. I refer to reports that the Federal Government is planning to buy a 5 per cent ownership of Chrysler Australia Ltd and that the move is designed to encourage Japanese manufacturers to take over unused space in the Chrysler, plant in Adelaide. I ask the Minister: Because of the serious situation in this industry and its effect upon South Australian employment circumstances, can the Minister indicate when these negotiations to which I have referred might occur, and when the utilisation of the unused capacity of the Chrysler plant will take place? I further ask the Minister: Is it expected that Japanese car manufacturers will also purchase a share of the Chrysler company? If so, has he any information on negotiations that might be pending?

Senator WRIEDT -The only information that I have available at the moment is that the Secretary of the Department of Manufacturing Industry has been to Japan and I understand that he is returning to Japan for further negotiations. But that is obviously not sufficient information for the honourable senator. I shall refer the question to Mr Enderby and obtain a more detailed answer.

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