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Thursday, 24 August 1972
Page: 640


Mr WHITLAM - I repeat my previous question to the Minister for Trade and Industry. Will he restrain the takeover of Australian companies and resources by dissociating himself from the view expressed last night by the honourable member for Murray, a former State President of the Country Party, that the value of the Australian dollar is too high?


Mr ANTHONY - I will neither confirm nor deny the remarks of my colleague, who is a private member and can make comments as he wishes. A Minister of the Crown or an alternative Prime Minister of this country is not allowed this luxury. If he were then we would create exactly what I said-


Mr Whitlam - The Reserve Bank has the luxury and we have not.


Mr ANTHONY - The Reserve Bank of Australia merely put various propositions forward; theirs was an intellectual approach to a problem and seemed to ignore the very great problems that exist in our society for certain industries and regions and the social problems involved. It is the responsibility of us people - the parliamentarians -to take an amalgam of all these considerations and make a political decision; not to take the intellectual Une which some people believe should be taken and so ignore the humanities.







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