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Thursday, 1 December 1960

Mr ANTHONY (RICHMOND, NEW SOUTH WALES) - I direct to the Treasurer a question which relates to recent criticism of the Government's proposed economic measures to compel insurance companies to invest 30 per cent, of their funds in government securities. I ask the Treasurer: Is it not true that at present 37 per cent, of all life assurance funds are in government or semi-government securities, and that the proposed legislation is partly to curb the activities of some of the smaller companies which are risking their clients' contributions by investing in speculative enterprises?

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