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Thursday, 30 September 1971
Page: 1724

Mr KELLY (WAKEFIELD, SOUTH AUSTRALIA) - Has the Minister for Primary Industry seen the Press reports telling of the success of the first sale of wool by Economic Wool Producers Ltd yesterday? Is the Minister aware that this self-help organisation is pioneering the development of many improved methods of selling wool, leading not only to significant cost savings but also to prices above those currently ruling? Will the Minister assure me that the projected wool deficiency payment legislation will not in any way discourage the operation of this organisation which is at last doing some of the things that everyone has been talking about for so long?

Mr SINCLAIR (NEW ENGLAND, NEW SOUTH WALES) (Minister for Primary Industry) - I have read in this morning's Press of the satisfactory clearance by Economic Wool Producers Ltd of the first lot of wool which it has offered for sale by public tender. I understand from the Press report that the clearance in total was satisfactory and that the prices ruling also were satisfactory. I agree with the honourable gentleman's assessment, that this is a very worthwhile advancement in the forms of handling wool. Indeed, I understand it largely follows a pattern that was developed in an analysis of present wool, selling methods produced by the Bureau of Agricultural Economics. In terms of the future operations of the EWP I can assure the honourable member that the price support scheme will in no way militate against wool growers who care to send their wool to EWP for sale. Economic Wool Products Ltd is a private enterprise organisation that is operating in the market place and one would hope that it might provide for wool growers a very worthwhile alternative in terms of selling wool in difficult marketing circumstances. To my mind, one of the most advantageous features of EWP is the fact that so many handling charges in the processing and presentation of wool will be contained - as I understand the operations of EWP - and essentially that is an area within which all wool growers have a great deal to gain.

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