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Wednesday, 15 March 1961

Mr HAROLD HOLT -I thought that I had made it clear in my answer to the honorable member for Swan that the Government had taken no final decision on this matter. In the statement which I pronose to make, T would not attempt to do more than elaborate on the points that T raised in answering his question. The last of the observers will have returned from South Africa by the end of this week, I understand, and we shall naturally be interested to hear from them the outcome of their observations.

Many factors are involved in this very important subject. A change of currency is not a change to be lightly undertaken.

Other countries in the Commonwealth of Nations, also, are considering a change in currency. There were in the press rumours, which have not been substantiated by any official information received by me, that this matter might even be discussed by the Commonwealth Prime Ministers. I do not expect to be in a position to make a final statement on the Government's policy for some considerable time. I regret any uncertainty that this circumstance causes, but I assure the honorable member for Maribyrnong, and the House, that we are trying to act in this matter in a way that will best serve the national interest.

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