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Thursday, 1 December 1960


Mr HAROLD HOLT - The honorable gentleman is asking me for a policy statement which .he knows it would not be appropriate for me to make at this stage. I do not think that our problems are necessarily met by having some Government organization take over business that is normally undertaken by established financial and commercial organizations. If we are to meet the economic problems facing the country, it must be by the combined efforts >of all sections of the community, and I hope that all sections and people in all walks of life will adopt a responsible attitude. I have enough faith and confidence in my fellow Australians to believe that once the facts of the situation and the problems inherent in it are clearly perceived, they will play their part in ensuring that the country successfully overcomes its difficulties. I do not have any reason to believe that hirepurchase organizations will be found to be any more lacking in a sense of responsibility in these matters than are other sections of the community.







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