Daily News (Perth), July 7, 1978, p. 6.
LONDON, Today (AAP): Iron ore millionaire Lang Hancock has decided that “yelling his head off” in Australia is not doing enough to sway Canberra.
So today he brought his campaign against government meddling in private enterprise to Britain.
“Before you can correct something you have to expose the trouble,” he said today as he listed the things which were deterring overseas investment in Australian development projects.
The Federal Government’s decision not to go ahead with the threatened resources tax was one hurdle that had been removed, Mr Hancock said, but others remained.
The variable deposit rule, the Foreign Investment Review Board and export licensing were among the worst of the Government bars to foreign investment, he said, and Canberra must stop “changing the rules once the ball has bounced.”
Mr Hancock’s immediate problem is to find a market for the iron ore which would enable him to open a new, huge mine in the Pilbara.
But given the present state of the world steel industry that is not an easy task.
“We’ve got four great mines in Australia,” he said, “and I would like to build a fifth, right now, despite the world slump. My daughter and I have legal title to more reserves of iron ore than the total reserves of the United States and Canada combined, but at the moment we can’t find a market for it.”
“What we are looking for is a captive market in exchange for which we’ll give a captive source of supply.”
Some time ago the scene was looking better. Mr Hancock had lined up a deal with Japan which would have covered 18 million tonnes of ore a year for 20 years. Had that deal turned into a signed contract, he could have raised the necessary capital.
But the Japanese pulled out, and now the discoverer of Hamersley is trying to set up a deal which will leave Japan out altogether.
That means finding a steel producer sufficiently confident that the industry’s problems will be resolved in eight or ten years to contract now for future ore purchases.
Mr Hancock knows he won’t find that producer in Britain, but he says there are private enterprise steel makers in Europe who are making a profit and he hopes he will be able to persuade them that by signing with him how they will be able to “skim the cream” from the huge reserves yet to be exploited in the Pilbara.
Apart from the general problems of the steel industry, Mr Hancock now faces government restrictions in Australia which, he says, had they existed in the 1960s would have prevented the Pilbara mines ever getting under way.
The restrictions were largely brought in by the Labor Government, he says, but the present government is just as bad: “The parties are only different in name.”
The real government he said, was the ever-expanding bureaucracy in Canberra, and Prime Minister Fraser had so far shown himself powerless to stop it.
“Canberra’s inmates are without knowledge or experience in commercial matters,” he said. “We are now suffering from the disadvantage of third generation Canberra-born civil servants who are isolated in the cocoon of Canberra from the cradle to the grave, and are thus protected from acquiring any knowledge of the economic climate which is necessary to allow industry to create jobs.”
Communist-controlled unions, and manufacturing lobbies in Canberra which engaged in sweetheart deals with unions and wrote their own ticket on tariffs and quotas, knowing they could recover the costs, were other factors acting against Australian development.
And then there was “the media.”
Newspaper proprietors must not offend the manufacturers or they risked advertising revenue. They could not expose union working or they faced strikes, and their journalists were “easily, for most part unknowingly, handled by the bureaucracy, who are extremely capable in the field of expansion, survival and leakage.”
- Ron Manners’ Heroic Misadventures
- Hancock's Australia
- Hancock on Government Help
- Wake Up Australia: Excerpts Part 1
- Wake Up Australia: Excerpts Part 2
- Lang Hancock's Five Point Plan to Cripple Australia
- Governments Consume Wealth — They Don't Create It
- Up the Workers! Bob Howard's 1979 Workers Party Reflection in Playboy
- Jump on the Joh bandwagon
- John Singleton and Bob Howard 1975 Monday Conference TV Interview on the Workers Party
- Governments — like a red rag to a Rogue Bull
- Lang Hancock's Pilbara-Queensland Railway Proposal
- Singo, Howard and Hancock Want to Secede
- Lang Hancock's Foreword to Rip Van Australia
- New party will not tolerate bludgers: Radical party against welfare state
- Small and Big Business Should Oppose Government, says Lang Hancock
- A Condensed Case for Secession
- Hancock gets tough over uranium mining
- Hancock's threat to secede and faith in Whitlam
- PM's sky-high promise to Lang
- Lang Hancock: "a catherine-wheel of novel suggestions"
- Govt "villain" in eyes of new party
- The spread of Canberra-ism
- Govt should sell the ABC, says Lang Hancock
- 1971 Monday Conference transcript featuring Lang Hancock
- Aborigines, Bjelke and the freedom of the press
- The code of Lang Hancock
- Why not starve the taxation monster?
- Lang Hancock 1978 George Negus Interview
- Party Promises to Abolish Tax
- Right-wing plot
- "The best way to help the poor is not to become one of them." - Lang Hancock
- WA's NCP commits suicide
- "You can't live off a sacred site"
- Hancock: King of the Pilbara
- Bludgers need not apply
- New party formed "to slash controls"
- Workers Party Reunion Intro
- Workers Party is born as foe of government
- Government seen by new party as evil
- Ron Manners on Lang Hancock
- Does Canberra leave us any alternative to secession?
- Bury Hancock Week
- Ron Manners on the Workers Party
- Lang Hancock on Australia Today
- Hancock and Wright
- Lang Hancock on Environmentalists
- Friends of free enterprise treated to financial tete-a-tete: Lang does the talking but Gina pulls the strings
- Lang Hancock, Stump Jumper
- Lang Hancock: giant of the western iron age
- The Treasury needs a hatchet man
- We Mine to Live
- Get the "econuts" off our backs
- 1971 Lang Hancock-Jonathan Aitken interview for Land of Fortune (short)
- Gina Rinehart, Secessionist
- 1982 NYT Lang Hancock profile
- Enter Rio Tinto
- Hamersley and Tom Price
- News in the West
- Positive review of Hancock speech
- Lang Hancock International Press Institute General Assembly speech, Canberra, 1978
- Australia's slide to socialism
- The Great Claim Robbery
- Why WA must go it alone
- Lang Hancock in 1976 on Public Picnics and Human Blights
- MILLIONAIRE PUTS MONEY BEHIND SECESSIONISTS
- Resource Management in Australia: Is it possible?
- The gospel of WA secession according to Lang Hancock
- Crystal Balls Need Polishing
- Minerals - politicians' playthings?
- John Singleton-Ita Buttrose interview (1977)
- Boston Tea Party 1986 style, hosted by Lang Hancock and Bob Ansett
- Singo says Lang Hancock violated Australia's 11th commandment: Thou Shalt Not Succeed
- Singleton: the White Knight of Ockerdom
- Tactics change by Hancock
- Lang Hancock complains to Margaret Thatcher about Malcolm Fraser
- 'Phony crisis' seen as 'child of politics'
- Lang Hancock on nuclear energy
- Lang Hancock beats the left at their own game on civil liberties
- Lang Hancock's Favourite Books
- 1977 Lang Hancock Canberoo poem
- Hancock's playing very hard to get
- Hancock proposes a free-trade zone
- An Open Letter to Sir Charles Court
- John Singleton 1976 ocker Monday Conference Max Harris debate
- Lang Hancock in 1984 solves Australian politics
- Lang Hancock on the Workers Party, secession and States Rights
- Lang Hancock asks what happened to Australia's rugged individualism?
- Precis of Ludwig Plan for North-West
- Announcement that Lang Hancock will be guest of honour at the Workers Party launch
- Lang Hancock's March 1983 attempt to enlist "former presidents of nations and heads of giant companies" to save Australia
- Lang Hancock asks us to think how easily environmentalists are manipulated for political purposes
- Invest in free enterprise
- Democracy is dead in Australia and Lang Hancock's education
- Lang Hancock Incites Civil Disobedience
- Hancock sounds call to battle Canberra
- Mining policy a threat
- Over Whitlam's head
- Lang Hancock suggests that newspapers don't give space to politicians unconditionally
- Lang Hancock on saving Australia from socialism
- Secede or sink
- Australia can learn from Thatcher
- John Singleton. Horseracing. Why?
- How Lang Hancock would fix the economy
- Lang Hancock: victim of retrospective legislation
- Lang Hancock supports Joh for PM
- Hancock seeks miners' tax haven in the north
- The Ord River Dam
- Why Lang Hancock invested in Australia's film industry
- Lang Hancock's 1983 letters to The Australian: Lang's precedent for Steve Jobs, renaming the Lucky Country to the Constipated Country, and more
- Australia's biggest newspaper insider on manipulating the media
- 1980 Lang Hancock-Australian Penthouse Interview
- Canberra: bastion of bureaucracy
- Pilbara can be the Ruhr for South-East Asia
- 1982 Lang Hancock-John Harper Nelson Interview
- Australian elections are one of the greatest con games in history
- Our leaders are powerless