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Tuesday, 11 April 1961

Mr SPEAKER - Order! It is for the Minister to decide how he shall reply to a question.

Mr HAROLD HOLT - Thank you, Mr. Speaker. I had nearly concluded my reply to this interesting question and I am sure that many people desire to be informed of the Government's intentions. I add that, with due regard to seasonal factors, the statutory reserve deposit policy of the Reserve Bank will continue to be administered in accordance with the requirement for restraint in bank lending policies.

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