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Tuesday, 22 November 1960

Mr FORBES (BARKER, SOUTH AUSTRALIA) - My question is directed to the Treasurer. Can he describe to the House the means by which the Reserve Bank ensures that its directives to the trading banks are in fact carried out, and particularly its directive to make advances available to meet the reasonable demands of export producers and to charge the lowest or minimum rate of interest? Has the Reserve Bank legal power to enforce its directives?

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