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Tuesday, 11 April 1961

Mr CAIRNS (YARRA, VICTORIA) - I ask the Treasurer: Is he aware that surveys recently conducted by the Victorian Chamber of Manufactures have revealed an extensive drop of production over a wide- range of industry, a decline in total factory wages of 9 per cent., and a large build-up of stocks and a complete lack of orders? I am quoting from the finding made by that organization.

Mr Harold Holt - Is there a complete lack of orders?

Mr CAIRNS - Yes-a complete lack of forward orders.

Mr Harold Holt - Is that their statement or yours?

Mr CAIRNS - It is their statement. Is it not beyond doubt that this general depres sion is the result of measures adopted by the Government to reduce only sections of the economy such as imports and commercial building? In view of this, has the Government considered the. use of economic measures which will restrict only those sections that the Government wants to restrict and not the economy as a whole?

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