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Wednesday, 16 February 1977

Mr William McMahon (LOWE, NEW SOUTH WALES) - I ask the Treasurer a question supplementary to that asked by the honourable member for Oxley to show that gentleman's total ignorance of financial affairs. Is it a fact that in December the inflow of capital into Australia was $670m, reduced by $168m by January 12th? These figures are well worth remembering. Is it also a fact that in the last 4 weeks the inflow was, in the first of those weeks $48m, subsequently minus Sim, then plus $3m, and in the last recorded week minus $18m? That inflow has now raised our overseas reserves to the very comfortable level of $3,000m.

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