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Thursday, 14 May 1942

Mr SCULLY (GWYDIR, NEW SOUTH WALES) (Minister for Commerce) - The whole matter of final payments is now under review so far as the earlier pools are concerned. The previous Government, on an estimated crop of 140,000,000 bushels, guaranteed an initial payment of 3s. 8d. forbulk wheat and 3s . 10d. for bagged wheat f.o.b. A certain amount of money was allocated to the pool for that purpose and was agreed to by representatives of the wheat-growers throughout Australia. The crop amounted to 153,000,000 bushels, and the fund created was, therefore, insufficient to pay more than 3s. 6d. a bushel. When costs have been subtracted, there will be little left from which to make further payments to the growers from the 1941-42 pool.

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