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Tuesday, 16 November 1976

Mr LYNCH (FLINDERS, VICTORIA) (Treasurer) - The answer to the Leader of the Opposition's question is perfectly clear. Recovery will be assisted as the business community sees that this Government is intent on winding back the rate of inflation. The recent monetary measures I announced some days ago are no more than a measured respose to the need to reduce excess liquidity in the markets at the present time and equally to enable the Government to sell more government paper to the nonbank public, thereby curbing the present inflationary pressure.

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