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Wednesday, 12 April 1961

Mr BROWNE (KALGOORLIE, WESTERN AUSTRALIA) - I ask the Treasurer whether, in view of the Government's expressed, wish to increase export earnings, he will have- examined the practicability of boosting gold production by increasing the subsidy on gold. In this respect, would he- also have examined the relative merits of paying- a service charge of; say, £2,000,000- for a £10,000,000 overseas loan - that is, over, say, four years - involving also the repayment of capital, and of using the same £2.000,000 to- subsidize the production of gold to the value of £10;000,000 or so? In examining this, will the Treasurer take into account the continuing production of gold as well as the increased production?

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