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Wednesday, 10 June 1970

Mr LESJOHNSON presented from certain citizens of the Commonwealth a petition showing that the recent increase in interest rates of housing loans has caused hardship to thousands of home buyers throughout the Commonwealth.

The petitioners pray that the House of Representatives in Parliament assembled will give earnest consideration to the most vital matter of reducing the interest rate on Government bonds and the subsequent reduction of interest rates on housing loans, as the affected persons have already been notified and in most cases have only twenty one days in which to accept the increased interest rate on their housing loans, or extended payment terms, or face losing their homes.

Petition received and read.

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