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Tuesday, 13 October 1931

Mr WATKINS (NEWCASTLE, NEW SOUTH WALES) - The Treasurer stated in the newspapers that, with a view to relieving unemployment, the Commonwealth Bank was prepared to make advances on advantageous terms to municipal councils and other local governing bodies. I ask the Treasurer whether it is a fact that the bank refuses to make any advance unless it is satisfied that the work upon which the money is to be expended will be absolutely reproductive?

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