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Thursday, 8 November 1973

Senator MURPHY -I understand that the answer to the honourable senator's first question is yes. As to the second, presumably the fact that there would be a public examination would be a factor in the determination of the companies to withdraw their applications. As to the third question, I understand that the answer is yes, the Dairy Industry Council was one. As to the last question, yes, the Prices Justification Tribunal is becoming an important instrument in dealing with inflation. It is true that the limitations of the Tribunal have been pointed out, I think in this chamber by report, and elsewhere. Notwithstanding those limitations on the Tribunal's powers, the Tribunal itself is obviously starting to have some effect on what would otherwise be increases in prices adding to inflation.

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