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Thursday, 8 August 1946


Mr CHIFLEY (MACQUARIE, NEW SOUTH WALES) (Prime Minister) - I do not know that I can dissect the figures, in order to show separately the reduction of the indebtedness of the various classes of primary. industry. I have stated previously that the total indebtedness of primary' producers to the principal lending institutions, such as banks, trustee companies and pastoral companies, was about £300,000,000 in 1939, and that it had been reduced to about £240,000,000 in 1945.' There are other' small amounts, such as individual loans to primary producers, which are not tabulated. From 1941 to 1945, about £65,000,000 was paid in subsidies to primary industries, and in addition payments aggregating about £12,000,000 were made in respect of the production of potatoes and whole milk. I shall try to obtain a detailed statement for the honorable member.







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