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THE LIBERAL PARTY OF AUSTRALIA Ή

FEDERAL SECRETARIAT

NEWS RELEASE BY HON. A .A . STREET, M . P . , SHADOW MINISTER FOR LABOUR

By r e f u s i n g t o a l l o w P a r l i a m e n t t o d e b a t e t h e w o o l f l o o r

p r i c e f i a s c o , t h e G o v e r n m e n t h a s a d m i t t e d i t s g j u i l t .

i I t i s g u i l t y o f a h o r r i f y i n g i g n o r a n c e w i t h e f f e c t s t h a t

go b e y o n d P a r t y p o l i t i c s , b e y o n d t h e i n t e r e s t s o f A u s t r a l i a ' s

g r e a t e s t i n d u s t r y .

T he f l o o r p r i c e s c h e m e s o f New Z e a l a n d a n d S o u t h A f r i c a w i l l

be v i r t u a l l y d e m o l i s h e d , a n d i n d e e d t h e w o o l t e x t i l e i n d u s t r y

w i l l b e s h a k e n t o i t s v e r y f o u n d a t i o n s .

By d e s t r o y i n g c o n f i d e n c e i n w o o l a s a s t a b l e - p r i c e d ra w

m a t e r i a l , t h i s G o v e rn m e n t h a s p u s h e d t h e u s e r s o f w o o l i n t o

t h e a rm s o f t h e s y n t h e t i c f i b r e m a n u f a c t u r e r s .

T h i s c o u l d p r o v e t o b e o n e o f t h e m o s t d i s a s t r o u s d e c i s i o n s

t a k e n b y a d i s a s t r o u s G o v e r n m e n t.

26 MAY 1975 CANBERRA

BLACKALL & MACQUARIE STS., BARTON, A.C.T. G J \0 . BOX 13, CANBERRA, A.C.T. 2600. TEL. 73 2564. TELEX AA 62630