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Thursday, 22 October 1970

Mr BIRRELL (PORT ADELAIDE, SOUTH AUSTRALIA) - Did the Minister for Trade and Industry tell the House on Monday that the weighted average of freights from Australia to Europe has increased since 1966 by only 4 J per cent? Did Mr H. Dean, the Chairman of the Australia to Europe Shipping Conference, say the same day that the increase was 7 per cent? Can the Minister reconcile these 2 figures? Does either figure take into account the devaluation of sterling in 1967? If not, will the Minister agree that the actual increase in freight rates has been significantly greater than either he or the Chairman suggests.

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