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Tuesday, 6 December 1983
Page: 3239

Mr RONALD EDWARDS —I give notice that, on the next day of sitting, I shall move:

That this House-

(1) notes the successful completion of the latest Commonwealth Bond Tender with its consequent fall in interest rates;

(2) notes the favourable trend of interest rates on the secondary market;

(3) notes the high levels of capital inflow into the Australian financial system along with healthy levels of savings bank deposits; and

(4) calls on those financial institutions that have not already done so to lower housing mortgage interest rates at the earliest opportunity.