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Friday, 6 May 1921

Proposals of the Government.

The PRESIDENT (Senator the Hon. T. Givens) announced the receipt of a message from the House ofRepresentatives, inviting the concurrence of the Senate in the following resolution

That this House approves of the issue of a Proclamation under the Customs Act 1901-1920 prohibiting for a period not exceeding six month'sthe exportation of wool from the Commonwealth unless -

(a)   in the case of wool purchasedwithin the Commonwealth, and not consigned for sale overseas, a price, not lower than the price agreed upon as the official reserve in respect of wool of that type, is paid by the purchaser either at auction or by private treaty; and

(b)   in the case of wool consigned for Bale overseas, security is given to the satisfaction of the Minister for Trade and Customs that the wool will not be sold, either publicly or privately, at a price lower than the equivalent of the price agreed upon as the official reserve, in respect of wool of that type, plus the freight and other charges on the wool from the port of shipment in Australia to the place ofsale overseas:

Provided thatthe price agreed upon as the official reserve inrespect of wool of each type shall be such a price as will produce an average price of 8d. per pound for an average Australian wool clip, and that such official reserve shall be determined by the British Australian Wool Realization Association Limited in accordance with the principles upon which the prices of wool were determined by the Central Wool Committee during the period of sales to the British Government.

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