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Tuesday, 11 September 1973
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Mr WHITLAM - I certainly agree that a Prime Minister and other Ministers should not make irresponsible statements. It was at least 2 decades before we were in the fortunate position in this country of having a Prime Minister, a Treasurer and other Ministers who did not make irresponsible statements. I am well aware - and I am grateful to the right honourable gentleman for the reminder - that variations in the exchange rate used to be made by the Cabinet as a whole. Every stock exchange, every company and every government agency here and abroad also will be grateful to be reminded of the fact that the last time a variation was made in the exchange rate by a previous Government it took 3 days for the Cabinet to thrash it out. It is refreshing that we now have a Government which acts in a more prompt, responsible and effective fashion.

Mr Wentworth - Just like on Galston.

Mr SPEAKER -Order! The House will come to order. There are far too many interjections.

Mr WHITLAM - But that was a singularly irresponsible one, was it not? We have been forgetting the honourable member. It has greatly redounded to the credit of this country that in matters of international finance we now have a government which is able to act responsibly, effectively and promptly.

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