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Tuesday, 24 February 1959

Mr ADERMANN - The floor price scheme operating in New Zealand has, in effect, been on the statute-book since the Joint Organization scheme was abolished, but in actual practice it has not operated until the last two years. It would be impossible to assess its worth until wool prices improve or until the wool that has been brought in is realized upon. In other words, it is being subjected to test. As yet its true value cannot be assessed. I would like to say to those concerned in the wool industry that before the Government considers the introduction of any particular system in Australia, it would like to see the growers - and I emphasize " growers " - give their support to the scheme.

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