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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.”

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