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Wednesday, 7 April 1965

Senator HENTY - The honorable senator refers to the total deficit so far this year in our overseas trade balance. This is related to trade which has assumed record proportions under the administration of this Government. Imports in excess of exports have gradually reduced the record total by about £82.5 million. This is being watched very closely, but we still have a record amount of about £700 million in our total overseas reserves and at the present time there isno cause for real concern.

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