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Wednesday, 21 October 1931


Mr CROUCH asked the Treasurer, upon notice -

1.   Whether any arrangement with or promise to the overseas traders who lent money in the last Commonwealth loan was made other than that made in the prospectus to Australian lenders?

2.   Was the bulk of the overseas traders' money lent for their own convenience at a high rate of interest for a short period to save an unusually high rate of exchange?

3.   What is the reason that these overseas lenders are placed in a privileged position over Australian lenders in regard to repayment dates ?







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