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Wednesday, 12 April 1961

Mr GRIFFITHS (SHORTLAND, NEW SOUTH WALES) - My question also is directed to the Treasurer. Is it a fact that since the commencement of the Government's credit squeeze more than two bankruptcies a week are being notified in New South Wales? Is the Treasurer aware that more than 100 cases are at present awaiting examination? Does the same position apply in other States? Is it a fact that the majority of these cases involve companies associated with the building industry? Is it correct that building contractors in particular have been sought out by the Government for special attention by means of instructions that their overdrafts must be reduced substantially? Will the Minister restore, the borrowing: level of builders to the limit that existed prior to the commencement of the credit restrictions?

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