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Lang Hancock, “Minerals — politicians’ playthings?,” Investors Chronicle and Stock Exchange Gazette (London), October 1973, p. 44.

The past few weeks have not been without incident in Australia. We have had a worthwhile 25 per cent tariff cut; a further revaluation of our currency; the green light from both State and Commonwealth Government for establishing a new iron ore mine at Wittenoom in Western Australia. There has been a new chapter in the Minsec affair, with a speculative takeover bid for the Australian-owned portion of iron mining’s lame duck, Robe River, the worst Stock Market collapse for 12 years and a dwindling of our foreign exchange. Further onslaughts on the mining industry by the Commonwealth Government could result in the virtual demise of the gold mining industry.

Fourteen years ago mining was a dead duck politically, after having been the mainstay of Australia in the depression. Then came the giant discoveries of bauxite, iron ore and nickel. Now minerals are the playthings of Australian politicians.

Federal advisers now pick on minerals as the butt of their fiscal policies, identifying them as the primary cause of the surplus overseas balances that are in turn being blamed for Australian overspending and inflation. These federal advisers have made the unorganised mining industry their favourite whipping-boy. As a result of their activities, the special tax incentives that prospecting and mining first began receiving in 1915 have been swept away. The essentially high risk nature of prospecting and mining, which was the raison d’etre for these tax concessions, is no longer recognised. Many important discoveries have been made and continue to be made by independent prospectors.

Australian mining history is spiced with the names of Paddy Hannan, discoverer of Kalgoorlie; Campbell Miles of Mount Isa, Charlie Rasp of Broken Hill and many other historic names. In more recent times the Kambalda, Scotia and Windarra nickel deposits were found by Australian prospectors and subsequently sold to Australian companies.

One needs to ask if the Labor Government’s attack on the gold mining industry is intentional or merely short-sighted? Electorally, such a move cannot harm the Labor Party. Perhaps it is just an integral part of Canberra’s policies, which have already involved the Reserve bank’s 25 per cent retention of capital without interest; repeated revaluation’s; non-renewal of exploration licences; the freeze on farm-ins; the threat to use export licences to curtail mining; removal of partial exemption from income tax for certain minerals and, in particular, the removal of the exemption from income tax applicable to gold; and the removal of the 20 per cent investment allowance, thus increasing mineral processing costs and necessitating higher grades to make deposits viable.

These onslaughts on mining cannot hurt Mr. Whitlam politically, at any rate in the short term, because the State most affected by them is Western Australia, which did not vote for him at the last election anyhow.

To understand his Government’s policy one needs to compare him, as his closest journalistic admirers do, with that great “survival man”, Sir Robert Menzies.

The Menzies image was more glittering overseas than at home, and it appeals to Whitlam to outshine Menzies on the world stage. He certainly played brilliant politics by focussing worldwide on himself in protesting against the French nuclear test at Muraoa. At home inflation is causing over-full employment. Some hopes of saner practices was generated by the sensible decision to slash all tariffs by 25 per cent.

What is needed for industry, as well as the domestic consumer, is an across-the-board cut in all government department spending. The present state of affairs cannot go on indefinitely. But where will the remedy lie? Will Whitlam finally tame his left wing plus the trade unions, and repair the damage to Australia’s basic industries? Or will the Liberal Party finally get themselves a leader that the public will follow and oust the Whitlam government?

Or will the leader of the opposition in the Upper House (where Labor is without a majority), organise his party to throw out legislation, such as that proposing to give added socialist powers to the AIDC, central control of offshore minerals and the formation of numerous unwarranted Government departments?

Or failing any of the above, will Western Australia find a leader capable of achieving secession from the rest of Australia?

(in order of appearance on Economics.org.au)
  1. Ron Manners’ Heroic Misadventures
  2. Hancock's Australia
  3. Hancock on Government Help
  4. Wake Up Australia: Excerpts Part 1
  5. Wake Up Australia: Excerpts Part 2
  6. Lang Hancock's Five Point Plan to Cripple Australia
  7. Governments Consume Wealth — They Don't Create It
  8. Up the Workers! Bob Howard's 1979 Workers Party Reflection in Playboy
  9. Jump on the Joh bandwagon
  10. John Singleton and Bob Howard 1975 Monday Conference TV Interview on the Workers Party
  11. Governments — like a red rag to a Rogue Bull
  12. Lang Hancock's Pilbara-Queensland Railway Proposal
  13. Singo, Howard and Hancock Want to Secede
  14. Lang Hancock's Foreword to Rip Van Australia
  15. New party will not tolerate bludgers: Radical party against welfare state
  16. Small and Big Business Should Oppose Government, says Lang Hancock
  17. A Condensed Case for Secession
  18. Hancock gets tough over uranium mining
  19. Hancock's threat to secede and faith in Whitlam
  20. PM's sky-high promise to Lang
  21. Govt "villain" in eyes of new party
  22. The spread of Canberra-ism
  23. Govt should sell the ABC, says Lang Hancock
  24. 1971 Monday Conference transcript featuring Lang Hancock
  25. Aborigines, Bjelke and the freedom of the press
  26. The code of Lang Hancock
  27. Why not starve the taxation monster?
  28. Lang Hancock 1978 George Negus Interview
  29. Party Promises to Abolish Tax
  30. Right-wing plot
  31. "The best way to help the poor is not to become one of them." - Lang Hancock
  32. WA's NCP commits suicide
  33. "You can't live off a sacred site"
  34. Hancock: King of the Pilbara
  35. Bludgers need not apply
  36. New party formed "to slash controls"
  37. Workers Party Reunion Intro
  38. Workers Party is born as foe of government
  39. Government seen by new party as evil
  40. Ron Manners on Lang Hancock
  41. Does Canberra leave us any alternative to secession?
  42. Bury Hancock Week
  43. Ron Manners on the Workers Party
  44. Lang Hancock on Australia Today
  45. Hancock and Wright
  46. Lang Hancock on Environmentalists
  47. Friends of free enterprise treated to financial tete-a-tete: Lang does the talking but Gina pulls the strings
  48. Lang Hancock, Stump Jumper
  49. Lang Hancock: giant of the western iron age
  50. The Treasury needs a hatchet man
  51. We Mine to Live
  52. Get the "econuts" off our backs
  53. 1971 Lang Hancock-Jonathan Aitken interview for Land of Fortune (short)
  54. Gina Rinehart, Secessionist
  55. 1982 NYT Lang Hancock profile
  56. Enter Rio Tinto
  57. Hamersley and Tom Price
  58. News in the West
  59. Positive review of Hancock speech
  60. Lang Hancock International Press Institute General Assembly speech, Canberra, 1978
  61. Australia's slide to socialism
  62. The Great Claim Robbery
  63. Why WA must go it alone
  64. Lang Hancock in 1976 on Public Picnics and Human Blights
  65. MILLIONAIRE PUTS MONEY BEHIND SECESSIONISTS
  66. Resource Management in Australia: Is it possible?
  67. The gospel of WA secession according to Lang Hancock
  68. Crystal Balls Need Polishing
  69. Minerals - politicians' playthings?
  70. John Singleton-Ita Buttrose interview (1977)
  71. Boston Tea Party 1986 style, hosted by Lang Hancock and Bob Ansett
  72. Singo says Lang Hancock violated Australia's 11th commandment: Thou Shalt Not Succeed
  73. Singleton: the White Knight of Ockerdom
  74. Tactics change by Hancock
  75. Lang Hancock complains to Margaret Thatcher about Malcolm Fraser
  76. 'Phony crisis' seen as 'child of politics'
  77. Lang Hancock on nuclear energy
  78. Lang Hancock beats the left at their own game on civil liberties
  79. Lang Hancock's Favourite Books
  80. 1977 Lang Hancock Canberoo poem
  81. Hancock's playing very hard to get
  82. Hancock proposes a free-trade zone
  83. An Open Letter to Sir Charles Court
  84. John Singleton 1976 ocker Monday Conference Max Harris debate
  85. Lang Hancock in 1984 solves Australian politics
  86. Lang Hancock on the Workers Party, secession and States Rights
  87. Lang Hancock asks what happened to Australia's rugged individualism?
  88. Precis of Ludwig Plan for North-West
  89. Announcement that Lang Hancock will be guest of honour at the Workers Party launch
  90. Lang Hancock's March 1983 attempt to enlist "former presidents of nations and heads of giant companies" to save Australia
  91. Lang Hancock asks us to think how easily environmentalists are manipulated for political purposes
  92. Invest in free enterprise
  93. Democracy is dead in Australia and Lang Hancock's education
  94. Lang Hancock Incites Civil Disobedience
  95. Hancock sounds call to battle Canberra
  96. Mining policy a threat
  97. Over Whitlam's head
  98. Lang Hancock suggests that newspapers don't give space to politicians unconditionally
  99. Lang Hancock on saving Australia from socialism
  100. Secede or sink
  101. Australia can learn from Thatcher
  102. John Singleton. Horseracing. Why?
  103. How Lang Hancock would fix the economy
  104. Lang Hancock: victim of retrospective legislation
  105. Lang Hancock supports Joh for PM
  106. Hancock seeks miners' tax haven in the north
  107. The Ord River Dam
  108. Why Lang Hancock invested in Australia's film industry
  109. Lang Hancock's 1983 letters to The Australian: Lang's precedent for Steve Jobs, renaming the Lucky Country to the Constipated Country, and more
  110. Australia's biggest newspaper insider on manipulating the media
  111. 1980 Lang Hancock-Australian Penthouse Interview
  112. Canberra: bastion of bureaucracy
  113. Pilbara can be the Ruhr for South-East Asia
  114. 1982 Lang Hancock-John Harper Nelson Interview
  115. Australian elections are one of the greatest con games in history
  116. Our leaders are powerless
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