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Tuesday, 27 September 1949

Mr CHIFLEY - Although I am not aware of the particular country to which base metals won at Captain's Flat are exported, I understand that about half of our exports, mostly in the form of concentrates, go to the United Kingdom and the remainder to Belgium. Speaking from memory, the price of lead has been fixed in the United Kingdom at £122 5s. or £122 6s. sterling a ton, but as the price changes from time to time, that figure may not be precisely the figure that will appear in some quotations. That represents an increase of about £34 10s. a ton sterling. Because I am not aware of the clear-cut position with relation to the currency of Belgium, to which country about one-half of our exports of lead and zinc concentrates go, I am unable, at the moment, to furnish a precise figure with relation to that country. Generally speaking, however, the price paidby Belgium would be in keeping with the American figure. I hope to have precise information available within a day or two, when I shall make it available to the honorable member.

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