Australia: It tears becoming a second Canada.

The article reports on the condition of foreign investment in Australia in 1972. It highlights the white paper delivered by Federal Treasurer Billy M. Snedden to Parliament which points out on the increase of the foreign ownership of domestic countries from 20% in 1948 to 35% in 1971. It states that the political opportunism in the nation has affected its economic nationalism. It also speculates the impact of repatriation rate and the problem of raising the local money.