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Thursday, 31 March 1966

Mr HAWORTH (ISAACS, VICTORIA) - I desire to ask the Treasurer a question on the International Monetary Fund. Has his attention been drawn recently to a statement made by one of the private banks to the effect that it is becoming increasingly common for Australia's overseas reserves to be quoted inclusive of International Monetary Fund drawing Tights? There are a number of people who consider these drawing rights to be somewhat unusual and different in quality from our owned reserves, and therefore should be treated as such. Has there been any change in drawing rights policy to jusify this new treatment when discussing the level of our overseas reserves?

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