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Thursday, 4 May 1961

Mr HAROLD HOLT - I think that the honorable gentleman has misunderstood something that was said earlier if he has the impression that there is in progress an analytical operation of the precise kind that his question implies. Broadly speaking, I believe it to be true that economic policies bear differently on various areas and in particular on various industries. Sometimes, a reduction of activity in a major enterprise in a provincial centre, where the diversity of industry and the number of enterprises is by no means as great as in the major capital cities, would perhaps have disproportionately great effects compared to the same sort of reduction of activity in one of the major capital cities. In considering what can be done within the limits of the available resources in order to assist housing, for example, one of the aspects we have had in mind has been the question whether some of the provincial centres have experienced a proportionately greater reduction of activity than has occurred in the major capitals. The study of such factors is proceeding as rapidly as is practicable.

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