MAKING AIRCRAFT IN AUSTRALIA
COMPANY TO BE FORMED NOMINAL CAPITAL OF £1,000,000 (Received June 19, 12.30 a.m.) CANBERRA, June 18. At the invitation of the Commonwealth Government, a syndicate has been formed to float a company, with a nominal capital of £1,000,000, for manufacturing aircraft and aero engines in Australia. The Prime Minister (Mr J. A. Lyons) stated to-night that the syndicate includes Broken Hill Proprietary, Ltd., Broken Hill Associated Smelters, Ltd., and General Motors-Holden’s, Ltd. The factory will be equipped with the most modern plant. The Federal Minister for Defence (Mr R. A. Parkhill), in a broadcast address on ‘Australia’s Aerial Defences,” said that at present it was difficult to obtain delivery of orders for aeroplanes placed in Britain. In time of emergency the possibility of getting aircraft from Britain would be almost negligible. It was the Government’s aim, therefore, to establish the aircraft industry in Australia, and action had been taken to achieve that result in the near future.
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Press, Volume LXXII, Issue 21813, 19 June 1936, Page 11
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161MAKING AIRCRAFT IN AUSTRALIA Press, Volume LXXII, Issue 21813, 19 June 1936, Page 11
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