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Thursday, 20 April 1961

Mr WHITLAM (WERRIWA, NEW SOUTH WALES) - In view of the Government's proposal to induce life assurance societies and superannuation funds to invest 30 per cent, of their funds in public securities, I ask the Treasurer whether he can assure the House that any increase by these organizations in their holdings of public securities will not be al 1he expense of investments in housing, as it was in 1951 when the Government last intervened in their investment policies.

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