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Thursday, 13 May 1920

Mr ANSTEY (BOURKE, VICTORIA) - It was stated in March last that there was some £23,000,000 owing to the British Government for which bonds had not been issued, and that immediate payment of a sum of £9,000,000, paid out by the British Government, was asked for, though it was not easy to meet the demand. In view of the statement which the Prime Minister made at the Commonwealth Bank in New South Wales, that we. had something like £100,000,000 surplus credits in England- including some £40,000,000 in one lump already owing, and immediate credits authorized and accruing in the next few months on the extra wool sales, and so forth - is there any way to meet those obligations out of the surplus credits, and, if so, what necessity was there to send a representative to meet obligations which we had money to meet?

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