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Wednesday, 10 May 1961

Mr CLARK (DARLING, NEW SOUTH WALES) - My question is addressed to the Treasurer. Has the right honorable gentleman seen a list of unclaimed deposits with the Commonwealth Savings Bank, published in the " Commonwealth Gazette ", No. 36 of 4th May, 1961? Will the Treasurer inform the House whether any effort is made by savings banks to locate depositors or their trustees before listing their deposits as unclaimed? I ask this question because some of the persons named in the New South Wales schedule are still in business or on the electoral roll in my electorate and could be contacted without difficulty by telephone or through the post. Will the Treasurer also inform the House whether unclaimed deposits in banks are ultimately claimed by the banks concerned and, if they are, under what conditions, or are such funds claimed by the Commonwealth Government?

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