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Tuesday, 27 April 1971

Senator COTTON - It is not suggested that the honourable senator did; but it is suggested that such arguments have been made. I am reading this as fast as I can in order to give some of the honourable senator's colleagues a chance to speak. So, if he just listens carefully he will let somebody else have something to say.

Senator Devitt - You put up an Aunt Sally and then knock it down.

Senator COTTON - Not at all. Argument that lump sum payments are only now introduced by the new scheme ignores the facts. Such arguments have been made. People other than Senator Devitt have made arguments about this matter. Substantial premiums have been paid over the past decade. Two auctions have now been held under the new arrangements and the prices paid, despite reserve prices and ample offerings, are not very different from those previously paid.

The Parliamentary Joint Committee on the Australian Capital Territory in 1965

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