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Thursday, 8 July 1920


Sir JOSEPH COOK (PARRAMATTA, NEW SOUTH WALES) (Minister for the Navy) - The answers to the honorable member's questions are as follow: -

 

2.   £ 6,223,250.

3.   The Government has no knowledge that Commonwealth war stock and bonds are being purchased on the open market with the intention of using them for payment of probate and succession duty. This, however, is probably being done.

4.   The Government is powerless in the matter. The prospectuses setting out the conditions under which the severalloans are raised state that bonds and stock will be accepted at par in payment of probate and succession duty.







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