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Wednesday, 16 March 1966

Mr McMAHON (LOWE, NEW SOUTH WALES) (Treasurer) - In answer to a question asked by the honorable gentleman in this House last week, I said that the Government was considering as a matter of urgency other measures to boost the rate of commencement of houses during the last quarter of the current financial year. As Chairman of the Australian Loan Council I wrote to the Treasurer or Premier of each State Government, as the case may be, on Friday and offered to support loan programmes to the extent of $15 million to be allocated during the next three months. I have now received replies from all the Treasurers or Premiers agreeing to my proposal and I hope to be able to make a ministerial statement on the subject immediately after question time.

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