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Mainline
hopes
SYDNEY. Thursday. —
An casing of the credit
squeeze by the Government
would help to save, the finan
cially troubled Mainline
Corporation Ltd, the
company's receiver-manager.
Mr J. H. Jamison, said
today.
The ending of the crcdit
squeeze might result in more
credit being given (o. the
company's sub-contractors by
their banks until Mainline
could pay them.
Mr Jamison said he ex
pected to know by Monday if
the Mainline Corporation
could be saved.
The executive director of
the Master Builders Associa
tion of the ACT, Mr David
Andrew, said yesterday that
an encouraging sense of con
fidence had emerged among
all in Canberra concerned in
the Mainline situation.
He was impressed by the
way in which the union
movement, the construction
workers, the sub-contractors,
the suppliers and the depart
ments and private concerns
for whom the company was
building projects had con
tinued to get on with the job
in a situation which might
otherwise have quickly de
generated into panic.
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