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Wednesday, 25 November 1931

Mr THEODORE - On Monday the representatives of the Commonwealth Bank presented to me the draft agreement reached by the committees representing that institution and the Government Savings Bank of New South Wales. After consultation with the Prime Minister, I advised the Commonwealth Bank that the Government approved of the draft, which I minuted accordingly. When the formal agreement is presented, it will be approved by me as Commonwealth Treasurer. The Commonwealth Bank Act requires no other sanction or validation on behalf of the Commonwealth.

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