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Tuesday, 16 November 1976

Mr E G Whitlam (WERRIWA, NEW SOUTH WALES) - My question is directed to the Treasurer. Is it a fact that he gave an assurance on 22 January last that there would be no raising of the general interest rate structure and, further, that there were strong grounds to reduce some interest rates? Did he also state then that these policies were designed to bring about a recovery in the private sector? How will recovery in the private sector be fostered by the increases in the interest rates on Australian Savings Bonds announced last Thursday on top of the increases in interest rates on treasury notes announced 4 days earlier?

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