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Tuesday, 29 November 1960

Mr POLLARD (LALOR, VICTORIA) - Is the Treasurer aware that a very large and prominent pastoral firm in Australia is sending out printed slips to its primary producer and pastoral clients informing them that henceforth the rate of interest charged on money borrowed from the firm will be 6* per cent.? Does this rate include the increase on the cost charged by the banks to the pastoral firm in question? In addition, if 6} per cent, is to be the rate charged to primary producers by pastoral lending firms and other lending agencies, what is likely to be the interest charged to home builders by home-building financiers?

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