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Monday, 21 March 1927

Senator KINGSMILL (WESTERN AUSTRALIA) asked the Minister for Home and Territories, upon notice -

1.   Is it a fact that the rate of interest charged to public servants under the rental-purchase scheme of the Federal Capital Commission includes a bias of¼ per cent. per annum " to induce officers to purchase under their own financial arrangements with the Commonwealth Bank and to relieve Commission of responsibility."(Vide page 24 of evidence given before the Public Works Committee, as per their report of 11th August, 1926.) ?

2.   Ifso,will the Minister see that such bias is eliminated?

Senator Sir WILLIAM GLASGOW - I am in communication with the Federal Capital Commission in regard to this matter, and shall advise the honorable senator as soon as the necessary information is available.

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