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Thursday, 1 December 1960

Mr HAROLD HOLT - I do not expect to be in a position to make any such policy statement on behalf of the Government next week, by which time I think it is generally accepted or hoped that the House will be able to conclude its business satisfactorily. I can assure the honorable member that the Treasury is going ahead as rapidly as possible with its consideration of this matter, having regard to the very real pressure of work to which it is being subjected at the present time. As recently as this week I have had discussions with the Treasury regarding the possible results in South Africa of the introduction of decimal currency in that country early next year. I find that a considerable body of observers, representative of various sections of the Australian financial community and of other interests concerned with the use of a decimal currency system, will be going to South Africa. We ourselves are giving thought to the extent to which the Australian Government should be represented by observers in South Africa.

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