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Wednesday, 26 March 1941


Senator ALLAN MacDONALD (Western Australia) . - I understand that, in financing the construction of munitions annexes by State governments, the Commonwealth Government is charging 4 per cent, interest. Why is it that State governments engaged on war work are being charged 4 per cent, whilst interest payable on war loans is 31/2 per cent., interest on war savings certificates is 21/2per cent., and Commonwealth Savings Bank interest is less than 23/4 per cent.?







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