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Tuesday, 8 March 1966


Mr HAROLD HOLT - The Government has over recent weeks made a quite thorough and comprehensive survey of the economic situation. In doing so it had the advantage of talks with representatives of primary and secondary industry and various economic advisory bodies assisting the Government. Later this evening I shall be making some comment on aspects of the economic situation. At the outset of the honorable member's question he referred to employment. My colleague, the Minister for Labour and National Service, will be giving the House details of the regular monthly survey of ohe February period, but indications already are that there was a substantial lift in demand for labour in that month. I think the honorable gentleman will find that the weak spots to which he refers are offset in many other directions by some of the brighter features of the economy. However, I shall say more about that a little later. All I would add at the moment is that I can assure the honorable gentleman that it is the Government's intention not only to sustain a situation of . full employment but also to keep the economy moving forward in a buoyant condition, and whatever measures are necessary to achieve those results will be undertaken by this Government.







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