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Tuesday, 7 December 1976

Mr CONNOR (CUNNINGHAM, NEW SOUTH WALES) -I address my question to the Treasurer and direct his attention to the statement that was made last weekend by the Minister for Primary Industry to meat producers at Rockhampton assuring them that they would be suitably cushioned against the inevitable increases in interest rates flowing from recent devaluation decisions. Has similar action been taken through the Reserve Bank or has an indication been given that similar protection will be given to the mining sector and to the manufacturing sector of the economy. If so, on what justification has this been done? Can the home builders, the home purchasers, the consumers and the ordinary retailers- the ordinary businessmen- be assured of similar protection? Will the Treasurer also give us the benefit of knowing the arrangements, if any, that have been made to cushion exporters and importers against the vacillations that will occur from time to time in the exchange rates?

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