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Tuesday, 13 October 1931

Mr THEODORE - The Government Savings Bank of New South Wales holds a large amount of Commonwealth Government securities which have not yet matured, and haying regard to the present position of the loan market and the funds available, it is not practicable for the Commonwealth Bank to take over from the State institution immature stock. In addition to Commonwealth securities, the Government Savings Bank of New South Wales holds securities issued by the Government of its own State, some of which have matured, but for the redemption or repayment of which neither the State Government nor the Loan Council can make provision.

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