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Wednesday, 26 April 1961

Mr McEWEN (MURRAY, VICTORIA) (Minister for Trade) - I am not familiar with the advertisement to which the honorable member has referred, but I think his question can be answered by reminding him that the purposes of the Export Payments Insurance Corporation Bill 1961 - the amending legislation which was before the House last week - and the basic legislation which established the Export Payments Insurance Corporation were to provide insurance cover where commercial cover was not available to be taken out. The Export Payments Insurance Corporation is in no sense in competition with the ordinary commercial insurance companies. It exists to cover only those risks which cannot be covered commercially.

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