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Friday, 19 July 1946

Mr TURNBULL (WIMMERA, VICTORIA) . I support the amendment. As the honorable member for Bendigo (Mr. Rankin) pointed out, the wheat-growers who contributed to the. stabilization fund and who, through no fault of their own, withdraw from the industry, should have their equity protected. A man may have only a temporary permit to grow wheat. If the permit be cancelled he will .be deprived of his right to participate- in any distributions from the fund. Again, if, during the five-year period, a farmer dies, his heirs will not be able to claim his equity in the fund. The bill should contain a provision having the effect of a life assurance policy. A policy-holder may be due to draw from an insurance company a certain sum of money- on his attaining the age of 60 years. At the age of 57, he may decide to cash his equity in the policy. He is entitled to its surrender value.

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