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Thursday, 3 November 1983
Page: 2264


Mr RONALD EDWARDS —I give notice that, on the next day of sitting, I shall move:

That this House-

(1) takes note of the recent favourable trends in interest rates with respect to the Commonwealth Bond Tender and sales of thirteen and twenty-six week Treasury notes;

(2) notes that yields on Treasury notes have now fallen below 10 per cent; and

(3) calls on banks and building societies to follow this trend at the earliest opportunity by lowering interest rates on new and existing housing loans.