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Thursday, 17 November 1960

Mr HAROLD HOLT - The ban on the export of iron ore has existed for many years, and any review of that long-standing decision would be a matter of Government policy with which it would not be appropriate to deal here. I think that the honorable gentleman will appreciate that for a variety of reasons it would be very difficult to make any estimate of the kind that he asks. The financial outcome of removing the ban would depend on the availability of deposits, grades of ore, the demands or requirements from purchasers, and so on. Any estimate, therefore, could only be of a highly tentative character. I regret that I am not in possession of the information necessary to make an estimate.'

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