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Wednesday, 1 December 1965

Mr HAROLD HOLT - The honorable gentleman appears to have had a very limited experience of the operations of a national economy.

Mr Hayden - As long an experience as the Treasurer has had.

Mr HAROLD HOLT - I can recall a period when a government formed by the party of which the honorable gentleman is a member allowed a situation to develop in which 30 per cent, of the available employable people of this country were out of work.

Mr Calwell - That 30 per cent, level was attained in Lyons' day.

Mr HAROLD HOLT - But as a consequence of the Labour Government's failure to handle the situation at the time.

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