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Friday, 10 December 1965

Mr HAROLD HOLT - This matter has been considered on a number of occasions. It has been raised at conferences of Premiers and it has been studied by Commonwealth departments. I shall give the honorable gentleman a more detailed statement because I would find it more practicable in that way to bring out some of the factors which so far have worked against the establishment of the kind of fund that he has in mind. It is recognised that the matter is one of importance, but the difficulties associated with it have so far proved insuperable.

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