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Wednesday, 9 March 1932

Mr MAKIN - Has the attention of the Treasurer been drawn to the following statement of Professor Gregory, the expert who advised Sir Otto Neimeyer when in Australia: -

It was ridiculous to advocate the freezing of gold in Australian vaults. It should be shipped toNew York and sold, and the receipts transferred to the Bank of England for use on short terms. The profits might- be used to pay part of the overseas debt of the Commonwealth.

I should like to know the Government's intention in regard to that statement?

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