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Thursday, 21 May 1970

Mr ANTHONY - It was announced that the Australian wool industry had agreed to set up a wool marketing corporation to lay down standards for the preparation and presentation of the Australian wool clip, to enable interlotting of 1, 2 and 3-bale lots, to handle bulk classing of these lines, and also to have a pooling arrangement for them. This will proceed as already has been announced. It is an orderly wool marketing arrangement with the voluntary consent of all sections of the industry and does not need legislation to enforce it. Therefore there is no need for specific legislation to be brought before the House. The finance that the Commonwealth Government is providing to meet half the cost of interlotting and bulk classing will be provided in the annual appropriations at Budget time to cover these contingencies.

The honourable member makes the comment that the proposal will advantage brokers. The Commonwealth Government, by providing half the cost of- interlotting and bulk classing, is equally assisting the wool growers. If the Government was not paying half this cost, somebody else would have to pay it, and we generally find that the cost is passed back to the grower. By paying half the cost the Commonwealth will relieve the wool grower of part of his cost.

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