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Wednesday, 1 December 1976

Mr LYNCH (FLINDERS, VICTORIA) (Treasurer) - I do not know whether the honourable gentleman is expressing any serious concern about the function of manufacturing industry. Certainly the decision to devalue has been welcomed by manufacturing industry throughout the country. It has been welcomed because it will provide a lift, particularly in the employment area. So far as import tariffs are concerned, I simply say that the Government will be looking at areas where the enhanced competitive position of Australian industry will not be prejudiced.

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