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Wednesday, 17 February 1932

Mr LYONS (Wilmot) (Prime Minister and Treasurer) . - by leave - I take this opportunity of informing the House that the Assistant Treasurer (Mr. Bruce) and the Minister for Trade and Customs (Mr. Gullett) will represent the Commonwealth at the forthcoming Imperial Economic Conference at Ottawa. After the Ottawa Conference has concluded, Mr. Bruce will proceed to London as Minister representing the Commonwealth. He will discharge the functions of the High Commissioner, thus avoiding the necessity of a further appointment to that office after Major-General Sir Granville Ryrie's term expires in May next. The financial position in London requires the most skilled and careful attention. There are the questions of the large, shortterm debt, and of meeting the loan of £13,000,000 which falls due in November. It is believed that the services of Mr. Bruce in connexion with these matters will be of the greatest value to the Commonwealth, and the Government is satisfied that the arrangement proposed is the one most calculated to promote the interests of Australia during the present critical period.

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