TE: . Sep. 92 15: 23 No. 018 P. 01/ 01
PRIME MINISTER
STATEMENT BY THE PRIME MINISTERt, THES HON 1' J KEATING
THlE RESIGNATION OF JOHN BANNON
John Bannon today took the courageous decision of taking the political responsibility for
financial losses associated with thc State Bank, and in so doing has given South Australia
the chance to overcome its difficulties and to grow with the rest of thc country.
John Bannon produced and maintained onc of thc most sound financial positions of any
State in thc Commonwealth. The State's finances wcre not put in difficulty by general
government recurrenh spendlng, but rather by losses generated by a financial institution
which the State owned.
Over thc past decade, John Bannon has effcctivcly presided over the redevelopment of
South Australian industry and commerce to produce a much more efficient and robust
economy. He has done all the things a good Premier should do to keep activities in his or
her State flourishing.
I have come to know John Bannon well over a pcriod of nearly ten years. He has always
bccn a person of substance and integrity, whose serv-ices as a leader in our political system
will be missed.
CANBERRA Septemiber 1, 1992 93/ 92
TEL
Keating, Paul
Period of Service: 20/12/1991 - 11/03/1996
Find more information on Keating, Paul on the:
Release Date:
01/09/1992
Release Type:
Media Release
Transcript ID:
8641
Document:
00008641.pdf
1 Page(s)
Released by:
- Keating, Paul John
STATEMENT BY THE PRIME MINISTER, THE HON PJ KEATING THE RESIGNATION OF JOHN BANNON
8641