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Tuesday, 17 November 1964

Senator HENTY - The Treasurer has supplied the following answers to the honorable senator's questions - 1 and 2. The precise information sought is not available to me; banks are not required under Commonwealth legislation to furnish details of individual holdings of their shares.

Of the seven major private trading banks conducting business in Australia, five have their head offices in Australia and two - namely, the Australia and New Zealand Bank Limited and The English, Scottish and Australian Bank Limited - in London. 1 understand that, in the case of the major trading banks with head offices in Australia, a high proportion of their shares would be held in this country, while a substantial proportion of the share capital of the two banks with head offices in London would be held outside Australia.

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