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Friday, 25 November 1938

Mr CASEY (CORIO, VICTORIA) (Treasurer) - If one were to give a quick answer, the reply, I think, would be "No The Financial Agreement puts the final responsibility with regard to State loans on the Commonwealth, and, if the State governments had to borrow in order to back up their guarantees in respect of loans to a semi-governmental authority, I suppose that it might be said that the Commonwealth Government is, in some measure, in the final analysis, responsible.

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