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Wednesday, 12 April 1961


Mr Costa (BANKS, NEW SOUTH WALES) a asked the Treasurer, upon notice -

1.   What is the amount of the national debt held (a) overseas and (b) in Australia?

2.   What is the annual interest payment on the debt held (a) overseas and (b) in Australia?


Mr Harold Holt - The answers to the honorable member's questions are as follows: - 1. (a) The amount of the national debt domiciled overseas at 31st December, 1960, converted to Australian currency at the rates of exchange prevailing on that date, was £699,700,000. (b) The amount of the national debt domiciled in Australia at 31st December, 1960, was £3,743,200,000. 2. (a) The annual interest liability on the amount of the national debt domiciled overseas at 31st December, 1960, converted to Australian currency at the rates of exchange prevailing on that date, was £28,700,000. (b) The annual interest liability on the amount of the national debt domiciled in Australia at 31st December, 1960, was £140,300,000.







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