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Wednesday, 29 June 1938


Mr FORDE - In view of the definite promise made by the Prime Minister and leading Ministers before the last Federal elections, that small loans would be made to persons in employment to tide them over difficulties, does the Treasurer think that his suggestion, in reply to communication's on this subject, that the letters should be addressed to the Bank of Australasia in Melbourne, is a reasonable reply ?

Mr.CASEY.-In the light of what the Prime Minister said before the last general elections, I believe that the Government has gone a long way - indeed as far as it is possible for it to go up to the present - in encouraging the development of a scheme of loans to men in work. The Commonwealth Government has announced what the Bank of Australasia has agreed to do. The scheme of that bank is already in operation. The Government did not ever intend, nor was it stated to be its intention, to set up a Government instrumentality for the purpose of making these loans available. The Government believes that the start made by the Bank of Australasia, which has many branches, is an extremely good start.







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