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Thursday, 18 July 1946

Mr McEWEN (Indi) .-I move -

That, in sub-clause (2.), paragraph (b) after the words " in the Board," the following words be inserted: - "but the value of such assets shall be accounted for and the value paid to the pools operated under the National Security (Wheat Acquisition)Regulations ".

The purpose of paragraph (&) is to transfer the assets of the present Australian Wheat Board to the new board. The assets include sheds, machinery, appurtenances and possibly land connected with the handling of wheat.

Mr Scully - I see no necessity for the amendment. Those assets will be transferred to the new board.

Mr McEWEN - This is a matter of equity. Many of the assets were purchased out of the proceeds of the sales of wheat in various pools. When those pools are wound up, the contributors to them should enjoy the value of the assets.

Mr Scully - The assets would be very small.

Mr McEWEN - I believe that a considerable amount is involved. The sole purpose of the amendment is to ensure that wheat-growers who contributed to the early pools, some of which were realized at a very low value, shall be enabled, by this means, to gain the full realization value of their wheat. I urge the Minister to accept the amendment.

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