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Wednesday, 26 November 1980
Page: 32

Senator WALSH (WESTERN AUSTRALIA) - My question is directed to the Minister for Finance. Does she, like her Cabinet colleague Mr Sinclair, believe that large inflows of foreign funds should be used to keep down domestic interest rates? If so, will she on behalf of the Treasurer formally announce the Government's repudiation of monetarism? If not, will she formally announce the Government's repudiation of the doctrine of collective Cabinet responsibility?

Senator Dame MARGARET GUILFOYLE - If the Treasurer has any statement that he wishes me to make on his behalf with regard to interest rates I shall do so at that time. Until such time as the Treasurer requires the statement to be made, I have nothing to add to the speculation and comment that already have been made.

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