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Thursday, 7 May 1970


Mr McIVOR (GELLIBRAND, VICTORIA) - The Treasurer will recall that in reply to a question asked on Tuesday by the honourable member for Bradfield he referred to a statement made by Mr Hobart, Chairman of Stramit Boards Ltd, which supported the recently imposed credit squeeze. Is the Treasurer aware that materials produced by Stramit are used almost entirely in the building industry for commercial and industrial building? Is he aware that about 1% only of Stramit's production is used in domestic building or villa construction? In view of these facts how can the Hobart statement be used as a measuring rod for the condition of the home building industry due to the credit squeeze imposed upon it by this Government?

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