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Tuesday, 22 November 1960

Mr HAROLD HOLT - The Government's view is that had action not been taken along the lines which were indicated to the House, inflationary pressures, which would have a far more serious effect upon farming costs than have the Government's proposals, would have been allowed to go unchecked. We feel that the means that we have proposed give us a good prospect of bringing the economy under reasonable restraint and, in that way, holding down costs and prices which otherwise would have operated very seriously against the farming community.

I may add that whatever criticisms have been offered publicly in relation to the measures that we have announced, it is very gratifying to see the realistic and, indeed, commendatory attitude which has been shown by farmer organizations and by very many members of the farming community who have been in touch with me and with other members of this House.

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