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Wednesday, 31 August 1960

Mr Ward d asked the Prime Minister, upon notice -

1.   Does the practice of some private companies, having in effect a monopoly of the Australian market for the sale of their commodities, of increasing the price of their products to the local consumer as a means of raising finance to enable them to carry out plant expansion programmes meet with the approval of the Government?

2.   If not, does the Government intend taking any action to correct this position?

Mr Menzies - The answers to the honorable member's questions are as follows: - 1 and 2. The honorable member is aware that the Government is considering various practices which could constitute a restraint of trade. The Government's findings and its proposals for action will be announced at the appropriate time.

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