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Wednesday, 21 October 1931

Mr GIBBONS (Calare) .- The f.o.b. price is fixed by the individual purchaser, but that is only a tentative fixation. What authority is to be established to decide the amount of the f.o.b. price on any particular day? It is the place at which the wheat is sold which establishes that price. As I have already stated, it may vary to the extent of 3d. or 4d. a bushel for the same quality wheat sold on the same day to different purchasers.

Mr Paterson - Perhaps there will not be so much variation when there is a bounty to square it all up.

Mr GIBBONS - The minimum price received for any parcel of wheat in any part of the world will become the f.o.b. price for all buyers. I cannot see any merit in the Minister's amendment.

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