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Wednesday, 20 May 1970

Dr SOLOMON (DENISON, TASMANIA) - 1 address my question to the Treasurer, ls he aware of recent comments, particularly those of the honourable member for Reid, on the rising price of urban land? Does his understanding of economics permit him any surprise at this phenomenon, involving as it docs a finite quantity of land and a potentially infinite demand for it? If the Minister agrees with me that the only effective way to prevent rising land prices for urban development in a free enterprise system is for the Government to buy all the land, can he give a firm indication that no such Socialistic intrusion into our free economy is intended?

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