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Wednesday, 29 April 1936

Senator DUNCAN-HUGHES (SOUTH AUSTRALIA) - HUGHES. - If the honorable senator objects to the fixing of the rate of exchange, surely it is more objectionable that European countries should stabilize the value of their currencies at a lower level.

Senator Leckie - It amounts to the same thing.

Senator DUNCAN-HUGHES - But the honorable senator did not say that.

Senator Hardy - On what basis would the honorable senator suggest that the exchange rate should fluctuate?

Senator DUNCAN-HUGHES (SOUTH AUSTRALIA) - HUGHES.According to natural causes.

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