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Tuesday, 11 September 1973
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Mr McMAHON - I ask the Prime Minister whether he believes that, in the interests of public trust and confidence in the Labor Government and of its financial and economic policies, ill-conceived or ill-considered statements or statements creating a false impression of an economically damaging kind should not be made by him or by his Cabinet colleagues. If so, how can he reconcile the Treasurer's statement to which my colleague the Deputy Leader of the Opposition has already referred this morning, and more particularly his own statement to the Chamber of Manufactures ridiculing the suggestion that there would not be another phase of economic and financial policies with the announcement made on Sunday of the decision to appreciate again the value of the Australian dollar and to increase interest rate structures which already has created great uncertainty throughout the business community? I also ask the Prime Minister: Does he know that it has been a general rule in the past that decisions affecting changes in the value of the Australian dollar have been taken by the Cabinet as a whole-

Government supporters - Order, order.







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