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Wednesday, 8 May 1968

Mr TURNER (BRADFIELD, NEW SOUTH WALES) - My question which is directed to the Treasurer relates to the availability of gold for industrial purposes in Australia. The right honourable gentleman knows that gold is used for a vast range of useful and ornamental items, from false teeth to wedding rings. By way of explanation, I quote a few lines from an urgent telegram that I received this morning. It reads:

Reference gold marketing for Australian industry. Statement of policy and establishment of marketing procedure many weeks overdue. We have been unable to purchase gold from Reserve Bank or its agents since March 14th. Many employees in this and dependent industries must be stood down next week if supplies not made available.

It is signed by a firm that uses gold industrially. What is the position regarding the availability of gold in Australia for industrial purposes?

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