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Thursday, 2 December 1965

Mr HAROLD HOLT - The decisions as to the categories of borrowers to be exempted from this charge were made by the trading banks themselves. The honorable gentleman has correctly said that Government authorities are being exempted from the charge. It is my understanding that terminating building societies - co-operative bodies - are also exempt. I would need to check, however, whether permanent building societies are similarly exempt. 1 shall see whether I can secure that information for the honorable member.

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