Australia Does Not Want U.S. Investments
Reeei ved Fridav, 9.50 p.m. CAXBERKA, Sept. 10. Tlie i 'omnion wealt li rejeeted large Ami'iiean investnients in Australia lieeanse of t!i" dollar eoiiimitnient fo/ ili\ iilemls and rovnltios that would be iuvolved, said Mr. Ghitley in the Houae of Uepresentat ives today. ITe added timi aniong several proposals rejeeted Was ine involving the provision of Kgonii.ouo dolliirs in the next tliree or four years. 1 n view of tlie dollar sliortage, the Gove 'nment was not in a position to provide 5. ()(>(), 000 dollars yearlv for any partieular eomjiany. Xiu'ierous Ameriean eontpanies lnid e\|-ressed a desire to invest either 'as ]>arners or shareliolders in existing eoiiijianies or in new ones. One oi' these had tieen inteies'.eil in tlie liianufaeture of diesel engines.
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Bibliographic details
Chronicle (Levin), 11 September 1948, Page 5
Word Count
129Australia Does Not Want U.S. Investments Chronicle (Levin), 11 September 1948, Page 5
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