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Tuesday, 9 March 1971


Senator DRAKE-BROCKMAN - I cannot give any definite indication to the honourable senator, 1 can give only the general situation. The first advance on the 1968- 69 pool, to which there was a record delivery of approximately 5 1 5 million bushels, was paid. The first pool debt to the Commonwealth must be repaid and sufficient credit funds accumulated before any second advance can be made. I understand that early in March the Australian Wheat Board liquidated, or was supposed to liquidate, its debt on the pool to the Commonwealth. It is expected that sufficient funds to make another payment will be available within a few months. As soon as that situation is reached everything will be done without delay to try to get the money to the growers.







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