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Wednesday, 1 October 1941

Senator Clothier (WESTERN AUSTRALIA) asked the Minister representing the Acting Minister for Commerce, upon notice -

With reference to the early departure of SirEarle Page for London, and having regard to the substantial increase in the costs of wool production in Australia - what action, if any, has the Government taken with the British Government to have a review of wool prices for the purpose of enabling continued production in Australia of wool without loss to the growers.

Senator McBride - The Acting Minister for Commerce has supplied the following answer: -

The arrangement made with the United Kingdom provides that either Government may initiate in May of any year a review of the agreement, particularly in relation to the price. In view of the great advantage conferred on Australian wool-growers by the guarantee of purchase of their totalwool clip for the term of the war and one year thereafter, and the heavy financial responsibility which will rest on the United Kingdom Government in respect of unsold stocks, the Commonwealth Government has not heretofore sought a review of the price. The right remains, however, to initiate a review in May of any future year. It is, of course, possible that, at any review, the United Kingdom Government might seek a reduction in price.

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