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Wednesday, 19 April 1961


Mr HAYLEN (PARKES, NEW SOUTH WALES) - Is the Treasurer prepared to do anything about so-called " fringe " financial institutions, particularly insurance companies, which are lending people money at rates of 15 per cent, and 20 per cent, for dubious commercial ventures that are doomed to financial failure from the outset, but refuse to provide advances for housing, no matter how great the need? I refer to the Standard Insurance Company Limited, amongst others, which has put up its shutters in the last few weeks, and its subsidiary projects such as H. and P. Credits and "Delfino", the sheep export ship.







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