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Tuesday, 26 March 1968

Mr ANTHONY - The Government stated that industries which were affected by devaluation - that is where losses were demonstrably and unavoidably due to devaluation - could submit a claim to the Devaluation Reporting Committee, which consists of the head of my Department, Mr Maiden, the head of the Department of Trade and Industry and a senior officer of the Treasury. The task of this Committee has been to analyse the claims and submit a report to the Prime Minister. I am led to believe that a report recently has been submitted to the Prime Minister. He will bring it before Cabinet for assessment and Cabinet will determine whether it will be made public. I am not in a position to say anything further in that direction. However, in relation to fresh fruit industries which are anxious to know what compensation they will receive, I would advise those industries to proceed normally in carrying out their commercial transactions because only after a transaction is carried out can a claim in respect of demonstrable loss be lodged. So, I would suggest that they go ahead and then put in a claim to the Devaluation Reporting Committee.

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