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Tuesday, 13 October 1931

Mr THEODORE - On the 8th October the honorable member for Parkes (Mr. Marr) asked if the Government had further considered allowing the purchasers of war service homes to meet their commitments with respect to those homes by selling Commonwealth bonds, and if it had not, would it do so?

It is regretted that arrangements cannot be made for the acceptance of bonds in payment of moneys clue by purchasers of war service homes. If bonds were so accepted it would be necessary for the Treasury to turn them into cash, and the Treasury has no means for doing this except by sale on the market, which would be undesirable.

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