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Tuesday, 18 April 1961

Mr HAROLD HOLT - The Government is concerned, of course, to see that building costs do not get out of hand, and it was the movement in building costs and the pressure on resources in the building industry that led to one of the major elements of policy adopted in November of last year. The honorable gentleman can be sure that while we are concerned in this way, at the same time we noted that last year building of housing units was conducted at a level of about 100,000 units in the course of the year. So, apparently, the financial problems to which he has referred did not deter a great many people from finding the necessary finance to bridge the gap. The honorable gentleman has raised a policy matter of some significance, and consideration will be given to it; but I cannot at question time supply an answer on a matter of policy.

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