Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Tuesday, 9 September 1958
Page: 953

Mr WARD - I direct a question to the Prime Minister. I desire to know whether it is a fact that, according to a survey conducted by the Associated Chambers of Manufactures of Australia, the value of the Australian £1 is said to have depreciated by 54 per cent. since 1947. Is it a fact that this degree of depreciation, although an understatement, is greater than that of the value of the currency of every other nation with the exception of a number of South American countries? If this is a fact, is the Prime Minister now prepared to concede that his solemn promise in 1949 to put value back into the Australian £1 has not been honoured, and will he admit that, in fact, it was only a piece of blatant political propaganda designed to mislead the Australian electors?

Suggest corrections