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Tuesday, 9 May 1961

Mr HAROLD HOLT (HIGGINS, VICTORIA) (Treasurer) - There have been various public interpretations put upon the statement, and I confess that I have not yet caught up with all of them; but honorable gentlemen who studied the document in its detail will recall that there was a preface to the passage in which the Commonwealth Government indicated its policies. We clearly stated that they were to relate to the conditions as we saw them at this time, and it was apparent that the Government retained the right to determine the policies which it felt to be necessary in the national interest for Australia's circumstances as they developed. Before the House rises, I hope to say something rather more detailed on this matter; but I regret that some of the interpretations have been given such flamboyant treatment, with the effect of quite unnecessarily, in my judgment, disturbing the minds of those who are not so close to the details of these matters as we are.

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