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Friday, 29 April 1932

Mr GANDER (REID, NEW SOUTH WALES) asked the Treasurer, upon notice -

1.   Is it a fact that the National Debt Commission defaulted to the Hobart Savings Bank to the extent of £20,000 on the 1st instant?

2.   Did the Federal Government subsequently repudiate an agreement made with the bank under pressure in terms of which £10,000 of the amount owing was to have been paid in cash and the remaining £10,000 to have been funded for a period of three mouths?

3.   Did the Government promise to bring before the first meeting of the Loan Council, after the 1st instant, the question of making provision for the repayment of this amount?

4.   Was the matter brought before the last meeting of the Loan Council?

5.   Willhe inform the House if this action is a prelude to driving the Hobart Savings Bank into the hands of the Commonwealth Bank as was done in the case of the Government Savings Banks of New South Wales and Western Australia?

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