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Wednesday, 3 November 1976


Mr SINCLAIR - Firstly, let me enlighten the honourable member. It is not a matter for the Government to say how much the wheat growers of Australia will be paid. There is a payment which is known as a first advance, which involves an advance from the rural credit section of the Reserve Bank, and there is a total payment, which involves the first advance plus a distribution from the pool established by the Australian Wheat Board as a result of sales of the year's crop. At this stage there is uncertainty as to what the overall volume of the crop will be. The Government has examined the present prospective recommendations for a first advance. I hope to make an announcement on that, subject to the result of the current discussions with the Reserve Bank, within the next few days.







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