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Hansard
- Start of Business
- QUESTION
- QUESTION
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- OVERSEAS INVESTMENT
- POST AND TELEGRAPH BILL 1960
- INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT BILL (No. 3) 1960
- INTERNATIONAL ORGANIZATIONS (PRIVILEGES AND IMMUNITIES) BILL 1960
- LOAN (AUSTRALIAN NATIONAL AIRLINES COMMISSION) BILL 1960
- PATENTS BILL 1960
- INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT BILL (No. 3) 1960
- LOAN (QANTAS EMPIRE AIRWAYS LIMITED) BILL 1960
- AGREEMENT
- WITNESSETH:
- ADVANCE TO THE TREASURER 1959-60
- JUDGES' REMUNERATION BILL 1960
- SNOWY MOUNTAINS HYDROELECTRIC AUTHORITY BILL 1960
- ALUMINIUM INDUSTRY BILL 1960
- QUESTION
- PERSONAL EXPLANATION
- ASSENT TO BILLS
- BILLS RETURNED FROM THE SENATE
- SPECIAL ADJOURNMENT
- LEAVE OF ABSENCE TO ALL MEMBERS
- BILLS RETURNED FROM THE SENATE
- ALUMINIUM INDUSTRY BILL 1960
- ADJOURNMENT
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ANSWERS TO QUESTIONS
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International Labor Organizations Conventions
(WHITLAM, Gough, OPPERMAN, Hubert) -
Patents Act: Convention Countries
(WHITLAM, Gough, BARWICK, Garfield) -
Aborigines
(BEAZLEY, Kim, MENZIES, Robert) -
United Nations
(CAIRNS, Jim, MENZIES, Robert) -
Australian Military Forces
(BEAZLEY, Kim, STOKES, Philip, CRAMER, John) -
Defence Forces Pensions
(BRYANT, Gordon, HOLT, Harold) -
Banking
(WARD, Edward, FRASER, Malcolm, HOLT, Harold) -
The lodgments in October and November, 1959, represented calls to the Special Accounts of the trading banks. The Banking Act 1959, which came into operation on 14th January, 1960, replaced the special account system with the statutory reserve deposit system. The initial reserve deposit ratio of 16.5 per cent, determined by the Reserve Bank required the lodgment of an additional £2.7 million on the commencing date. The net lodgment of £16.5 million in February, 1960, mainly reflected on increase on 10th February of 1 per cent, to 17.5 per cent, in the statutory reserve deposit ratio. The ratio has remained unchanged since that date, and subsequent changes reflect automatic lodgments to or releases from statutory reserve deposits in line with movements in the banks' deposits
(FRASER, Malcolm, HOLT, Harold) -
Sales Tax
(DALY, Fred, HOLT, Harold) -
Overseas Borrowings
(UREN, Tom, HOLT, Harold)
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International Labor Organizations Conventions
The TEMPORARY CHAIRMAN
Order! The term is not unparliamentary.
Mr Whitlam
- I submit that it is, Sir.
The TEMPORARY CHAIRMAN
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The term is not unparliamentary.
Mr Whitlam
- This is probably the first time you have heard it.
The TEMPORARY CHAIRMAN
Order! I take that remark as a reflection on the Chair, and I ask the Deputy Leader of the Opposition to withdraw it.
Mr Whitlam
- I withdraw it, Sir.
Sir GARFIELD BARWICK
- Should the Deputy Leader of the Opposition not apologize? If he has any manners, he will. Perhaps therein we see the reason why he has not done so.
The TEMPORARY CHAIRMAN
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Will the Attorney-General take his seat for a moment? There is far too much disorder in the chamber. Honorable members are well aware of the privileges that are committed to them. The hour is getting late, and we are trying to get through the business of this chamber. I am sure that all honorable members are anxious to complete it, and I ask them to .come to order.
Mr Allan Fraser (EDEN-MONARO, NEW SOUTH WALES)
- Try to keep the Attorney-General in order.
