Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Tuesday, 15 March 1932

Mr LYONS - On the 9th March, the honorable member for Newcastle (Mr. Watkins) asked the following question, without notice: -

Is the Treasurer aware that, since the Commonwealth Bank obtained control of the Government Savings Bank of New South Wales, many persons who had obtained advances for house-building from the rural credits branch, and had paid their instalments regularly for five years, have been threatened with eviction because, owing to unemployment, they cannot maintain their payments? I have been informed that some of the houses thus compulsorily vacated have fallen into disrepair, and the security of the bank is diminishing considerably. Will the Treasurer inquire whether the purchasers who arc temporarily embarrassed can be allowed to continue in occupation of their homes until their circumstances improve?

The following information has been supplied by the Commonwealth Bank: -

The Commonwealth Bank did not take over the Advances for Homes Department of the Government Savings Bank of New South Wales, and has no connexion with, or responsibility for, the matters referred to, which are still under the control; of the commissioners of the New South Wales institution.

Suggest corrections