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Tuesday, 19 May 1942


Mr SCULLY - The interpretation given by the honorable member to reports as to the final payment from the No. 5 Wheat Pool is not quite correct. The guarantee of 3s. lOd. a bushel applied to an aggregate crop of 140,000,000 bushels whereas the wheat received has reached a total of 153,000,000 bushels. Spreading the total amount guaranteed over the 153,000,000 bushels the approximate price payable for bagged wheat will be 3s. 6d. a bushel, less costs which will represent about lOd. or lid. a bushel. The price for silo wheat will be 2d. a bushel less.







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