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MATTER OF PUBLIC IMPORTANCE

The President informed the Senate that at 8.30 a.m. this day, 2 Senators each submitted letters in accordance with Standing Order 64-Senator Colston proposing a matter of urgency and Senator Michael Baume proposing a matter of public importance.

To decide which letter should be submitted to the Senate, the matter was determined by lot.

In accordance with the result of that procedure, the President thereupon informed the Senate that Senator Michael Baume had proposed that a matter of public importance be submitted to the Senate for discussion, viz: ""The impact of the Hawke Government's policies on interest rates and the value of the Australian dollar''.

And at least 4 Senators having risen in support of the proposed discussion-

The President called upon Senator Michael Baume to speak.

Discussion ensued.

And the discussion having reached the limit of 2 hours allowed by Standing Order 64, the business of the day was called on.

Pursuant to Sessional Order, consideration of Government Papers was called on.