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Tuesday, 16 August 1960

Mr POLLARD (LALOR, VICTORIA) - My question is addressed to the Minister for Primary Industry: In view of the fact that within a week of the announcement by the British Government that the bank overdraft rate would be increased by 1 per cent., wool buyers in Australia, either of their own volition or on instructions from their principals in the United Kingdom, caused a lowering of the price of wool in Australia by 5 per cent., with disastrous effects on our national economy, will the Minister arrange a poll of wool-growers to ascertain their views on the implementation of a wool reserve plan or some other scheme whereby

Australia's 90,000 wool-growers may sell as one unit and no longer be the victims of a few overseas buyers?

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