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Thursday, 2 December 1965

Mr ANTHONY (RICHMOND, NEW SOUTH WALES) (Minister for the Interior) - In answer to the second part of the question, I think the Minister for Trade and Industry fully covered the point that any subsidy that might now be given to the industry is more than compensated by the concessions which were given in earlier years to the consumers on the home market. He mentioned also that today the home consumption price is lower than that in any other country. The other point raised by the honorable member relates to yield. The wheat index committee does take into consideration movements in costs and yields. The reason why the price was reduced by ls. 5d. per bushel in 1962-63 was that the yield had been taken into consideration. As a result of the reduction of ls, 5d. per bushel, the price of bread decreased by a id. per 21b. loaf.

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