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Wednesday, 15 March 1961

Mr HAROLD HOLT - The honorable gentleman invites a statement on policy aspects which, as he knows, is not the kind of statement that is normally given at question time. Consideration is usually given to financial matters of this kind when the Budget is being framed. I have considerable correspondence from retired public servants in the general terms of the honorable gentleman's question, but I believe that he is in error in the dimension of the surplus that he has mentioned. Tt appears to me that he has omitted to take into account the contingent liabilities of the superannuation fund. However, because of the interest that he and others feel in this matter, I shall have a considered reply prepared and let him have it.

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