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My friends, I commenced my remarks in speaking of how the choice on the 24th of November had very much crystallised around the issue of economic management. The economy isn’t everything in life, we all know that, but a strong economy is central to the capacity of this nation to deliver the things that we all want.

This election will decide whether Australia goes the Labor way, with rampant union power, soaring inflation and worsening unemployment, or whether Australia puts the recession behind it and gets back on the road of more jobs and rising living standards.

We saw the recession coming and took positive action. Even though we are affected by what happens in the rest of the world, the Government will help Australia to create its own future. We’re not waiting for the world.

It is with an immense amount of personal pride and also an enormous amount of humility that I bring together today the essential argument as to why, after 13 long and difficult years, this nation of ours needs emphatically a change of government.

The program I put down and talked about tonight does offer a different way of doing many things. It’s built on giving people incentive is built on less government and lower taxation. But above all, it is built upon my unshakeable belief that if you give Australians the right encouragement and the right incentive, they can lick anything.

The great vital problems that confront us in Australia today are principally these:- Industrial unrest; increase cost of living; operations of trusts and combines. They are interactionary both in their relationship and their effect.

We believe in the individual, in his freedom, in his ambition, in his dignity. If he becomes submerged in the mass, and loses his personal significance, we have tyranny. And because of this, we believe in free enterprise; not enterprise free of social obligation, but free enterprise in the sense that it embraces free choice, reward for effort and skill, encouragement to grow and be self-reliant, and strong.

We have attempted nothing spectacular. We have eschewed the monetary cranks and spurned the miracle workers. We have stuck to proved methods, honest value and honest money. But if we have attempted nothing spectacular in our methods of Government, I think we are justified in claiming that our efforts have resulted in what must be regarded as one of the most spectacular economic recoveries the world has known.

Tax reform is fundamentally important to what we’ve got to do in Australia. It’s fundamentally important to developing the productive culture that we need in Australia, it’s fundamentally important, not only to get people to work harder, to work overtime, to save, to build a business. Tax reform is absolutely fundamental.

It was persistently suggested at the last elections that, while the Labor Government was in office, bankers and financiers would not release money for enterprise, and that, with the removal of the Labor Government, millions would flow into industry and employment and prosperity would appear. Thousands of poor people, sorely tried by poverty, voted against their lifetime convictions, but they have had a sad awakening. I am confident that, on this occasion, they will assert their rights as men and women, and, by their votes, will transfer their power to a Labor Government with majorities in both Houses of Parliament. That power, in Labor’s hands, will be used with firmness and with justice. Democracy shall rule Australia, not a financial oligarchy.