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Wednesday, 18 November 1959


Mr McEWEN - I think the only product that we could conceivably have in surplus - that is, in excess of what can be consumed or sold on commercial markets - is wheat. At the present time there is no Australian - surplus of any commodity. The honorable member's suggestion is not a novel one. The Government has given some thought to this. The difficulty is that Australia has a balance of payments problem. That is why we operate a system of import licensing. When one has an immediate balance of payments problem, it is contrary to sound principles to sell what one has to sell on overseas markets for deferred payments. That is the inherent difficulty.







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