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Wednesday, 24 February 1932

Mr BERNARD CORSER (WIDE BAY, QUEENSLAND) - As the State of Queensland will be seriously embarrassed financially to the extent of £700,000 if a provision is enacted in Commonwealth legislation requiring the refund of deposits by insurance companies, will the Government, in considering its insurance legislation, provide for the retention by the States of the deposits they already hold on behalf of insurance companies? Is the Government prepared' to accept State securities in lieu, of cash deposits at present held by such States?

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