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Wednesday, 1 May 1957


Sir ARTHUR FADDEN - The banks conduct their own business as free enterprise institutions and make their own decisions on the use they should make ot their funds. The Government will not interfere with the policy of the banks on lending. The trading banks and the central bank have come to a voluntary understanding on credit restrictions and the capacity to lend. It is within the province of the banks themselves to decide how they will use their money, whether for housing or in any other direction







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