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Friday, 9 October 1936

Senator J V MACDONALD (QUEENSLAND) asked the

Leader of the Senate, upon notice -

1.   Is it a fact that, including bullion and specie. Australia's unfavorable trade balance for the first two months of 1936-37 was £4,06 1,000 against an unfavorable balance of £2,759,000 for . the corresponding period of 1935-36?

2.   If the Federal Treasurer, Mr. Casey, is correctly reported to have estimated that the amount which tourists from this country will take to the Coronation festivities is £4,500,000, could not some means be devised of limiting the amount tourists should be able to take away, and so assist towards preserving a favorable trade balance for the present financial year?

Senator Sir GEORGEPEARCE.The answers to the honorable senator's questions are as follows: -

1.   Yes.

2.   The amount quoted is probably an approximate estimate of the outflow in respect of tourist traffic during 1935-36. It is not considered necessary to take restrictive action as suggested.

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