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Wednesday, 28 October 1970

Dr PATTERSON (Dawson) (3:39 AM) - The Minister for Primary Industry did not comment on the second amendment. It is an important amendment because it could mean that, if the Commission was not selling at the best possible price and the losses were underwritten by the Government all the time, this is the clause under which losses could be made. Big stocks could be taken over and disposed at what price? That is why I put in as a safeguard the words 'at the best possible price'. I assume this is what the Commission would do. Would it obtain the best possible price? Will there be some type of arrangement whereby it would offer it at the reserve price on that day, or will it offer the wool at the best possible price?

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