§ 57. Mr. Joel Barnettasked the Chancellor of the Exchequer what effect he expects the present trends to higher interest rates to have on his plans for steady 317W growth of the economy at 5 per cent., industrial investment and money supply; and if he will make a statement.
§ Mr. NottThe recent rise in short-term interest rates will help to moderate the expansion of money and credit to rates consistent with the 5 per cent. per year growth in the economy which our policies are designed to achieve.