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Wednesday, 31 March 1965

Senator WILLESEE (Western Australia) . - I may have missed the point, but I should like to ask: What is the advantage of the limitation? Why is the Government seeking to limit approved lenders to certain categories? Probably the other matter I wish to raise is not germane to the matter we have been discussing. I know that it is not contemplated that overseas capital will be attracted into this field in the early stages, because of what we assume the interest rates will be. However, because of the rapidly changing situation overseas, we cannot tell whether this field will or will not become attractive to overseas investors. The fixing of this limitation might be bad from that viewpoint. However, the first point I raised is the one in which I am most interested. I ask: Of what interest is it to the Corporation to limit the categories of approved lenders?

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