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Tuesday, 18 April 1961

Mr Ward d asked the Treasurer, upon notice-

1.   When did the Governor of the Reserve Bank, Dr. Coombs, first advise the Government that present trends in the national economy could develop dangerously unless corrected?

2.   What was the precise nature of the advice tendered by Dr. Coombs, and was it accepted by the Government in its entirety?

3.   If not, in what respects was it departed from?

Mr Harold Holt - The answer to the honorable member's questions is as follows: - 1, 2 and 3. See answer in "Hansard" of 15th March, 1961, to question No. 46 which first appeared in Notice-Paper No. 2 of 9th March.

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