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Thursday, 5 March 1942

Mr CHIFLEY - I am not able to make a statement regarding what final arrangements will be made. A conference was held in the first place between representatives of the private banks, the Minister for War Organization of Industry and myself, regarding the rationalization of banking. The idea was that there should not be kept open an excessive number of branches, thus making demands on the man-power of the country at a time when all available man-power should be used for war pur poses.

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