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Monday, 22 October 1973
Page: 2405

Mr SNEDDEN - My question is addressed to the Treasurer. The honourable gentleman just answered a question, or in fact did not answer a question, but having regard to what he said in that purported answer I now ask him: If the Governor of the Reserve Bank did use words to the effect that I have stated, did he do so with the authority of the Government or of the honourable gentleman? Secondly, having regard to the part of the answer in which he said that there were discussions before the last increase in interest rates, do I have an undertaking from the honourable gentleman that interest rates will not be further increased?

Mr CREAN - I am surprised that one who has been a former Treasurer should ask such a question. It is hypothetical to begin with and I will not answer hypothetical questions.

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