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Wednesday, 25 November 1959


Mr Calwell l asked the Treasurer, upon notice -

1.   Are the taxable income figures of the trading banks for the financial year 1955-56, which are published in the 37th Report of the Commission of Taxation, the latest which are available?

2.   Will he, under the powers conferred upon him by section 47 of the Banking Act 1945-1953, in order to disclose the effect of the Government's financial policy on bank profits, direct the Commonwealth Statistician to prepare and publish, to the nearest possible date, the taxable income and other information relating to the Australian income and expenditure ofthe trading banks as supplied under Form C of the second schedule of the act?


Mr Harold Holt - The answers to the honorable member's questions are as follows: -

1.   The figures in question are the latest published figures of the Australian taxable income of banks which are subject to Australian income tax. It is pointed out, however, that the balance-sheets and statements of profit and loss furnished by individual trading banks in accordance with Forms A and B in the second schedule to the Banking Act 1945-1953 are published regularly by the Commonwealth Statistician. The latest such publication was in respect of the year 1957-58 and appeared in " Gazette ", No. 24, dated 16th April, 1959.

2.   From the time when the Banking Act was first enacted in 1945, no direction under section 47 of the act has ever been given to the Commonwealth Statistician for the publication of figures derived from the returns furnished by trading banks in accordance with Form C in the second schedule to the act, and I am not disposed to consider issuing such a direction without thoroughly examining all the implications of doing so. I shall, however, look fully into the matter when considering what directions, if any, should be given to the Commonwealth Statistician under section 59 of the Banking Act 1959.

Greta Migrant Hostel.


Mr Ward d asked the Minister for

Immigration, upon notice -

1.   Is the Greta Migrant Hostel in New South Wales to be closed down?

2.   If so, has the Government accepted the responsibility of finding alternative accommodation for the present occupants of this hostel?

3.   What are the details of any alternative arrangements?


Mr Downer - The answers to the honorable member's questions are as follows: -

1.   The Greta Migrant Centre is to be closed on a caretaker basis as from 15th January, 1960.

2.   The present occupants of the centre are being encouraged to move into the community but, where this is not possible, alternative accommodation will be offered in other Commonwealthoperated establishments.

3.   The locations at which the accommodation will be offered will be governed by the circumstances of the families concerned but the following general principles will be followed: -

(a)   Those families where the breadwinneris working in the Newcastle district will be offered accommodation at Mayfield Migrant Workers' Hostel.

(b)   Where the husbands are already working and are living in private accommodation at Sydney or on the South Coast, the dependants will be provided with accommodation at Scheyville Migrant Centre.

(c)   Those breadwinners requiring employment, e.g. former staff members, will be moved to migrant workers' hostels at Sydney or on the South Coast and allocated to employment from there. Their families will also be admitted as residents of these establishments.







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