Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 18 November 1976


Mr SPEAKER -Order! The honourable gentleman will ask his question and not make a commentary on the Treasurer's mathematics.


Mr CREAN - I wish to draw the Treasurer's attention to some figures in the September issue of the Reserve Bank's Statistical Bulletin. The Statistical Bulletin contains an index which relates the Budget deficit at the end of August to trading bank deposits at the end of May. It is a guide to M3, the volume of money. It shows that for 1976 the ratio is the highest on record. I simply ask: Does this not show that he is being no more successful in controlling M3 than those whom he traduced in the past?







Suggest corrections