WA Greens' call for Samuel's sacking

The state Greens Party is calling for the removal of corporate watchdog chief Graeme Samuel due to his corporate bias in the recent grocery prices inquiry.


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OVERSEAS BANKS OWN COLES AND WOOLWORTHS I note that Mr Reg Clairs (former CEO of Woolworths) states that, local food manufacturers will disappear in 10 to 15 years. This is a National disgrace and a complete indictment of Australians of all political persuasions. With fast population growth in every Capital City, what was once our prime arable market growing land, has been sold-off for new housing estates. This means that fresh food production is being pushed further out, and with the Nations Murray-Darling Basins food bowl drying up, how are we to produce our food? The M-D Basins rivers have been driven dry by allowing the growing of totally inappropriate crops i.e. rice and cotton throughout the length and breadth of its regions. To be fair to Reg Clairs the man, perhaps he only now realises the damage he has done to Australia with the policies he introduced to Woolworths and may wish to make amends to his conscience? If one cares to examine the shareholding of the large corporations in Australia i.e. for instance both Coles and Woolworth’s, the majority of ordinary shares issued are held by banks. Among the 20 largest shareholders in banks are other banks. (Yes that’s right, they hold nominee shares on behalf of their depositors in other banks) On average, they hold between 52 and 62 per cent of the ordinary shares issued in a nominee status - American and UK Banks figure heavily on the lists. The different names of the banks, are merely brand names, for the same twenty- (20) or so institutions that owns them. Our ACCC, appears unable or loathe to properly identify the existing, but, unproven "unconscionable conduct” being practiced daily against all sectors of our small Australian producers and growers by the predatory practices of both Woolworths and Coles, whose controlling share dividend profits, are annually transferred overseas to US and UK banking interests. Wake up Australians' - before its too bloody late to redeem Australian growers and their farms. Lewis Louthean 9 / 53 Thompson Road North Fremantle WA Tel 08 9336 6406

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