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Tuesday, 19 March 1957

Mr McEWEN (MURRAY, VICTORIA) (Minister for Trade) - I am not familiar with the balance-sheet of the Peninsular and Oriental Steam Navigation Company, but I can feil the honorable member that freight rates between Australia and the United Kingdom are negotiated between Australian export interests and what is known as the conference line of steamships, comprising the United Kingdom lines and, I think, the majority of European lines. The freight rates that are fixed are an outcome of negotiations conducted between two groups of people, whose statutory right to negotiate was established by an act passed during the term of office of the Scullin Government.

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