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Wednesday, 31 October 1956


Mr WARD (EAST SYDNEY, NEW SOUTH WALES) - ls it a fact that the Treasurer has stated that it is essential for Australia to have a yearly export income of £1,000,000,000, and to limit its imports to £650,000,000 per annum? Is it also a fact that, based on last year's trading figures, this would mean increased exports to the value of £227,000,000, and reduction of imports by £169,000,000? Has the Government any plan designed to raise export income to the stated objective, and in respect of a reduction of imports, has it any proposal other than the imposition of further restrictions? Does the Government expect to achieve its objective this year? if noi, what are the likely repercussions from such a failure, and what plan has the Government developed to meet such a situation?







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