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Thursday, 25 November 1965

Mr HAROLD HOLT - I believe that the trend to which the honorable gentleman has referred reflects increasing tightness of liquidity on the part of the banking system with the run down which has occurred in our overseas reserves. But as was pointed out by me yesterday and by other Ministers, including the Minister for Housing, the matter of the current level of housing and the adequacy of finance for sufficient housing activity in accordance with the state of the economy that we desire to see maintained are currently under review. When we are in a position to make a statement on the matter we will do so.

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