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Tuesday, 18 May 1965

Senator PALTRIDGE - I have not seen the statement by the Victorian Minister for Housing to which the honorable senator has referred. However, my own knowledge of the housing situation produces a picture somewhat different from that suggested by the Victorian Minister's statement. The housing figures seem to indicate no downturn and, of course, the figures in relation to commercial building seem to signify an upward trend. It has not been brought to my attention that this alleged action by the Reserve Bank has called for comment in any other State, but, as the honorable senator has asked me to do so, I will have inquiries made. I will let her know the result as soon as possible.

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