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The President informed the Senate that he had received a letter from Senator Walsh advising that this day he intended to move--""That in the opinion of the Senate the following is a matter of urgency: The damaging effect on economic activity in general, and on housing in particular, of the sustained record interest rates.''.

And at least four Senators having risen in support of the motion--

Senator Walsh thereupon moved the motion.

Debate ensued.

Closure: Senator Watson moved--That the Question be now put.

Question--That the Question be now put--put and passed.

Main Question--put.

The Senate divided--

AYES, 30

Senator-- Senator-- Bolkus McClelland Button McIntosh Childs McLaren Coates Macklin Coleman Mason Colston Mulvihill Elstob Primmer Evans Ray, Robert Foreman Ryan Georges Sibraa Giles Siddons Grimes Tate Haines Walsh Harradine Hearn Teller: Jones Robertson

NOES, 29

Senator-- Senator-- Archer MacGibbon Baume Martyr Bjelke-Petersen Messner Bonner Missen Carrick Rae, Peter Chaney Reid Collard Scott Crichton-Browne Teague Durack Thomas Guilfoyle, Townley Dame Margaret Walters Hamer Watson Hill Young Jessop Lajovic Teller: Lewis Kilgariff

And so it was resolved in the affirmative.