2%
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WEDNESDAY, JUNE 19, 1974
MR. MCGREGOR RECALLED THAT THE SCHEME CAME INTO OPERATION IN JULY 1972 FOR A TRIAL PERIOD OF THREE YEARS AND SUBJECT TO A TOTAL LOAN COMMITMENT OF $30 MILLION. IT WAS IN ESSENCE A JOINT VENTURE BETWEEN THE GOVERNMENT AND THE COMMERCIAL BANKING SECTOR.
ITS INTENTION WAS TO PROVIDE FOR MEDIUM TERM LOANS TO SMALL-SCALE INDUSTRIAL ENTERPRISES WHICH HAVE A GOOD RECORD OF GROWTH, MANAGEMENT AND TECHNICAL ABILITY.
THE LOANS CAN BE USED FOR THE PURCHASE OF PRODUCTIVE MACHINERY ONLY AND BEFORE A LOAN IS MADE BY THE COMMERCIAL BANK CONCERNED, THE APPLICANT FACTORY IS EXAMINED BY THE PRODUCTIVITY CENTRE WHICH SUBMITS A DETAILED REPORT TO THE COMMERCE AND INDUSTRY DEPARTMENT ON THE VIABILITY AND LIKELY EFFECT OF THE PROPOSED NEW MACHINERY ON THE FACTORY'S PRODUCTION, PRODUCTIVITY AND PROFITS.
REPAYMENT OF THE LOAN IS OVER A PERIOD OF UP TO FIVE YEARS AT THE PRIME INTEREST RATE PLUS TWO PER CENT TO COVER THE PRODUCTIVITY CENTRE'S COSTS AND THE GOVERNMENT'S RISK IN UNDERWRITING 50 PER CENT OF THE LOAN AMOUNT AGAINST FAILURE TO PAY. THE MAXIMUM LOAN THAT CAN BE MADE AT PRESENT IS $250,000
ETV FOR SECONDARY SCHOOLS LIKELY BY 1975
******
THE SECRETARY FOR SOCIAL SERVICES, THE HON. PETER WILLIAMS, INDICATED TODAY THAT THE EXTENSION OF EDUCATIONAL TELEVISION INTO SECONDARY SECTOR IS LIKELY TO BE ACHIEVED BY SEPTEMBER 1976, POSSIBLY IN COLOUR PROGRAMMES.
HE HINTED THIS AT THE LEGISLATIVE COUNCIL IN REPLY TO THE HON. MRS. JOYCE SYMONS ON THE PROGRESS OF ETV EXPANSION.
HE SAID: THE GOVERNMENT IS ACTIVELY CONSIDERING EXTENDING EDUCATIONAL TELEVISION PROGRAMMES INTO THE SECONDARY SECTOR, BUT AT THE PRESENT TIME IT APPEARS MOST UNLIKELY THAT THIS CAN BE ACHIEVED BY SEPTEMBER 1975, SEPTEMBER 1976 IS THEREFORE CONSIDERED A MORE REALISTIC DATE.
+THE DIRECTOR OF EDUCATION HAS RECOMMENDED THAT COLOUR SHOULD BE USED IN SECONDARY LEVEL EDUCATIONAL TELEVISION PROGRAMMES AND THIS PROPOSAL
IS NOW ALSO UNDER CONSIDERATION.+.
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