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Wednesday, 14 October 1931


Mr TULLY (BARTON, NEW SOUTH WALES) - I ask the Treasurer whether a substantial payment of interest in respect of Australian loans floated in New York fell due on the 1st October? Did the Commonwealth have to pay £167 in Australia to cover each £100 of the obligation in New York? Does not this heavy exchange charge place a prodigious burden on the Australian taxpayer?







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