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Tuesday, 6 December 1960

Mr ADERMANN - The record crop we are about to receive of 224,000,000 bushels, as estimated by the Australian Wheat Board, together with the fact that we had a carryover of 62,000,000 bushels at the end of last month, which is the end of the wheat year, mean that we shall have a record tonnage of wheat to sell. In fact, we shall have about 286,000,000 bushels on hand when this season's crop is in. I want the honorable member to understand that this Government is sympathetically disposed towards the industry. This is demonstrated by the fact that, in spite of the huge quantity of wheat that will be on hand, the Government has arranged to make an advance payment of lis. to the industry, which is the same as the advance payment last year. The first payment, however, will be at 9s. a bushel, but this will require £5,000,000 more than the total first payment made last year which, as the honorable member knows, was at the rate of lis. a bushel. I think the Government did well to arrange finance to enable an advance payment of lis. to be made, even though the growers will have to wait until 1st April next for the other 2s. a bushel.

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