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Thursday, 27 October 1955


Senator O'SULLIVAN - Yesterday, Senator Courtice asked me a question about Australia's overseas trade balance. I am now able to furnish him with a reply. Australian imports and exports in the three months ended September, 1955, were valued at £208,000,000 f.o.b. and £168,600,000 f.o.b. respectively, so that there was an adverse trade balance of £39,400,000 during that period. The latest available figure of Australia's international reserves is that given on the 27th September by the Prime Minister, when he said that the reserves then stood at £370,000,000. The reserves totalled £428,300,000 at the 30th June, 1955, and £570,700,000 at the 30th June, 1954.







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