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Thursday, 1 December 1983
Page: 3138


Mr RONALD EDWARDS —I give notice that, on the next day of sitting, I shall move:

That this House-

(1) notes the successful conclusion of the latest competitively bid $1.2 billion Commonwealth Bond tender;

(2) notes that the conclusion of this tender resulted in further falls in interest rates for bonds across the market, and that these trends are in line with trading on the secondary market;

(3) recognises that this result reflects confidence in the Government's overall economic strategy; and

(4) calls upon financial institutions to consider reductions in housing mortgage interest rates where they have not already done so.