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Wednesday, 17 December 1930

Senator LYNCH (Western Australia) . - Sales of wheat under this bill will be of two classes, namely, sales made through a co-operative organization and sales to private wheat merchants. Again I direct attention to the differentiation in the method of finance. In the case of wheat marketed through a co-operative organization an advance will be made, whereas, in the case of sales to wheat merchants, the buyers will have to be satisfied with a guarantee by the Commonwealth Bank, which is not quite the same thing. A guarantee means that the money will be available at some future date. This will penalize those wheatgrowers -who decide to dispose of their product to a private selling agency.

Senator Daly - The wheat merchants are not complaining.

Senator LYNCH - Does not the Minister see that if, in the matter of finance private buyers are not placed on the same level as co-operative selling agencies, those growers who sell to wheat merchants will be penalized?

Senator Daly - The wheat merchants have advised us that they do not require finance. They say that they have £20,0tj6,000 available for their transac tions in connexion with this year's harvest, and they will be satisfied with a guarantee.

Senator LYNCH - In view of the Minister's statement, all I can say is that, apparently, human nature has changed very much in the course of the afternoon. Earlier in the debate on this bill we were informed that, because of this differentiation in treatment, they did not intend, to buy wheat this .season.

Senator Rae - Is the honorable senator speaking for the wheat-growers or the wheat merchants?

Senator LYNCH - I am speaking on behalf of those wheat-growers who prefer to market their produce through private selling agencies, and [ am endeavouring to show that this differentiation in the financial arrangement? will penalize them.

Senator Rae - They can market their wheat through the pool if they can get a better return through that organization.

Senator LYNCH - Now the cat is out of the bag. The Government wishes to compel all wheat-growers to market their produce through the pool, notwithstanding that recently they decided that voluntary pools and private selling agencies should operate side by side. This Government wishes to eliminate the competition, in spite of the fact that the wheat-growers wish to enjoy all the advantages which existing private selling agencies offer to them. m I suggest that clause 2 be reconsidered, and so amended as to provide for advances to be made to wheat merchants as well as to cooperative organizations. These private selling agencies should be given a chance to live.

Amendment (by Senator Barnes) proposed -

That after the word " is " sub-clause 1, the words " or has, prior to the commencement of this act, been," be inserted.

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