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Thursday, 16 November 1939


Mr GREGORY (SWAN, WESTERN AUSTRALIA) - Will the Prime Minister consider the advisability of compelling all persons to contribute to war loans according to their incomes, thus keeping interest rates down to a reasonable level?


Mr MENZIES - I do not think that a state of affairs has yet arisen in which forced loans are necessary. Recent discussions with the Loan Council and the Commonwealth Bank were entirely satisfactory, and we are hoping to be able to keep interest rates at a reasonable level while at the same time getting all necessary financial accommodation, both directly and from the public.







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