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Thursday, 2 December 1976

Mr SPEAKER -Order! The honourable member for Oxley will remain silent. The Minister will direct his reply through the Chair.

Mr Eric Robinson (MCPHERSON, QUEENSLAND) -It was obviously utter nonsense. It may have been a figment of his imagination. I suggest to members of Parliament and to the Australian community that they utterly disregard this obviously scurrilous reporting. The facts of life, of course, are quite different from what was stated this morning. The economic strategy of this Government, as announced by the Prime Minister and particularly the Treasurer, has been consistent. The decision to devalue was part of that consistent strategy. Of course honourable members opposite do not like this strategy because it suits them to use every opportunity to talk down the economy. They continue to use every opportunity. I finally say, Mr Speaker, that despite the fact that the young reporter misused the program AM this morning and despite what the Opposition says the strategy is consistent. We are winning the battle against inflation. The decision on devaluation will add to the growth and stability of the Australian economy.

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