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Wednesday, 12 April 1961

Mr SNEDDEN (BRUCE, VICTORIA) - My question is addressed to the Treasurer. I refer to suggestions recently made by big financial sources in England that international trade can be hampered by gold and foreign exchange shortages. Are those suggestions true? Is Australia's overseas trade now being, or is it in the near future likely to be, hampered by the present price of gold? If the suggestions are true, what steps are being taken by Australia to obtain a higher price for gold and to change the manner in which the price of gold is now fixed?

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