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Thursday, 9 March 1961


Mr DRUMMOND (NEW ENGLAND, NEW SOUTH WALES) - I preface my question, which is addressed to the Treasurer, by saying that I am reliably informed that co-operative societies at Tamworth and Armidale require about £1,500,000 to enable them to carry out their homebuilding programmes. I understand that a similar position obtains in certain areas of the north coast of New South Wales. Further to the question asked by the right honorable member for Cowper yesterday, I now ask the Treasurer whether, as a short-term means of overcoming the present difficulties of the timber trade in the northern part of New South Wales, where some 500 men are out of work and 45 mills have closed or are closing, he will take up with the bank authorities the question of releasing some money, of which apparently not one penny is at present obtainable for the purpose of expanding building operations. Increased building activity would, of course, absorb the surplus timber.







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