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Wednesday, 12 April 1961

Mr HAROLD HOLT - I shall not try to give a detailed reply to the honorable gentleman regarding investment by the Commonwealth Superannuation Board. I have previously explained the relationship which exists between the Commonwealth Government and the board so far as investments, are concerned. From the last time I looked at this matter, my impression remains that the overwhelming majority of funds, available to the board go into investment, in. Commonwealth, State, and local, government securities. I should think,, speaking from, memory, that, this is well in excess of 95 per cent. of. the total, funds available. However, I will get such details as I can in order to satisfy the curiosity of the honorable member.

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