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Friday, 12 June 1970

Mr WHITLAM (WERRIWA, NEW SOUTH WALES) - I ask the Treasurer a question. The honourable gentleman must have envied the capacity of his predecessors when the House was not sitting to produce, within 12 hours, an estimate of the cost ot my Party's housing proposals whereas he has found it difficult to produce an estimate of the cost of certain proposals within 12 weeks of their being placed on the notice paper. I ask him whether he can give an estimate of the cost of this week's proposal by the Federal Council of his Party for the interest on housing mortgages to be allowed as a deduction from taxable income. If he has not yet calculated the cost of the proposal, when does he expect to complete the calculation?

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