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Mr Peacock and the New York Stock Exchange



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TREASURER

EMBARGO

STATEMENT BY THE TREASURER, THE HON P.J. KEATING, MP

MR PEACOCK AND THE NEW YORK STOCK EXCHANGE

As a result of Friday's sharp fall in prices on the New York Stock Exchange, Australia's stockmarkets today lost 140 points from the all ordinaries index.

At a time of international economic tension such as this, the Opposition claims it could meet the challenge of governing Australia with a policy of at least $5 billion of tax give-aways in its first Budget.

The Liberal Party must be the only party in the Western World which believes that what is required at the present time is a profligate policy of public handouts.

CANBERRA 16 October 1989

COMMONWEALTH PARLIAMENTARY LIBRARY MICAH