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Wednesday, 1 September 1937

Senator A J McLACHLAN (SOUTH AUSTRALIA) - I have read the reports referred to. To-day the Government was advised by both the Bank of New South Wales and the Commercial Bank of Australia that they .have no knowledge of the proposed company or of any arrangements connected with it. 1 have also noted press cables from America stating that the Bank of America and the National City Bank have denied having had any connexion* with the. proposed company. I would add that the statement that the board of directors would include a chairman to bc approved by the Government is made without any authority.

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