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Tuesday, 28 September 1971
Page: 1526

Mr IRWIN (MITCHELL, NEW SOUTH WALES) - My question is directed to the Minister for Primary Industry. Is the Minister aware that the Australian Wool Commission has departed from wool trade practice in its interim balance sheet by showing its wool stock at cost when the market value was well below cost? Can the Minister state why administration costs of $373,000 were not included in the operating loss of $1,355,000?

Mr SINCLAIR - I am not aware of any discrepancy in accounting practice in the Australian Wool Commission's report. I will look into the matters raised by the honourable member and reply to him when I have examined the balance sheet.

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