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Australia is about to enter upon the greatest era in her history, this country of ours has come through two world wars and weathered the miseries and hardships of a depression, all in the space of a little over 30 years. Today Australia has become the great bastion of the British-speaking race south of the Equator. Strategically arid economically, our country has assumed a position in the Pacific on behalf of the British Commonwealth of Nations of such importance that development and responsibility go hand in hand.

The Government had done nothing to deal with industrial unrest. Immediately Labour was returned to power it would deal with the root of all the trouble by seeing that the people of this country were not exploited by unscrupulous men who made the necessities of life so difficult to obtain.

Tonight we open what is probably the most momentous campaign in the history of this country since Federation. For nearly 30 years Australia has been writing history as a nation, and no one will deny that one of the proudest pages in our book of nationhood is that which deals with the building up of our Federal system of arbitration.

I can give you no better advice than to tune in with Britain. Trust the United Australia Party as the British people trusted the United British Party. Turn a deaf ear and a blind eye, as they did, to proposals for financial tricks and devices. Resolve as they did to stick to the old sane ways in Government and in finance.

But what of the future? The burning blasts of war have shrivelled, blackened, and destroyed the world we once knew. Old landmarks have disappeared. The nations of the earth panting from the struggle, impoversihed by the unprecedented destruction of wealth, are confronted with a new set of financial, national, and industrial circumstances. Humanity has indulged in a terrible orgy of destruction; it must pay the price. We must enter on a long period of reconstruction—wherein captial will be scarce, interest high, wages and materials costly.

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.

The war of intervention in Vietnam is ending. The great powers are rethinking and remoulding their relationships and their obligations. Australia cannot stand still at such a time. We cannot afford to limp along with men whose attitudes are rooted in the slogans of the 1950s‚ the slogans of fear and hate. If we made such a mistake, we would make Australia a backwater in our region and a back number in history. The Australian Labor Party‚ vindicated as we have been on all the great issues of the past‚ stands ready to take Australia forward to her rightful, proud, secure and independent place in the future of our region.

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.