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Thursday, 1 December 1960

Mr POLLARD (LALOR, VICTORIA) - I ask the Treasurer a. question. In view of the report that the Industrial Acceptance Corporation is vacating the field of hire purchase on farm machinery in the Calare electorate, will the Treasurer give an undertaking that, not only in the Calare electorate but also in all electorates throughout Australia, primary producing electorates particularly, the people will be made more aware of the fact that the Commonwealth Bank undertakes hirepurchase business on farm machinery at an interest rate which I believe is much lower than the rate charged by other financial institutions engaged in this business? Will he give a further undertaking that the Commonwealth Bank will be suitably equipped financially to accept any business of this nature that may be offering?

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