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Tuesday, 19 May 1942

Mr FALSTEIN (WATSON, NEW SOUTH WALES) - Will the Treasurer state whether many mortgagors are paying interest up to 7 per cent on first mortgages where the principal sum borrowed does not exceed 60 per cent, of the total value of the property mortgaged? Will the Treasurer say when a regulation will be promulgated to reduce the general mortgage rate to the same percentage as that permitted to be charged by the private trading banks?

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