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Thursday, 29 November 1973
Page: 2272


Senator WRIGHT (TASMANIA) -Does the Minister representing the Treasurer acknowledge that the fixation of bank rate interest and interest on Commonwealth stock is entirely within the authority of the Reserve Bank, which is under the control of this Government? Are those interest rates an all time record? Are other interest rates also an all time record? Can the Minister tell the Senate whether the Government's fixation of interest rates at an all time record would be followed by a similar fixation of other prices if the Government had power to fix other prices?


Senator WILLESEE -I will refer the question to the Treasurer.







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