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Thursday, 3 April 1941

Senator ALLAN MacDONALD (Western Australia) . - In view of the fact that thousands of married soldiers serving abroad with the Australian Imperial Force must still be paying for homes under hire-purchase agreements or on mortgage, would it be possible for the War Service Homes Commission to take over their debts which, I suppose, are being repaid at rates of interests of 6 or 7 per cent. ? After having liquidated the original debt, the commission could charge the soldiers concerned 3½ or not more than 4 per cent., which is the amount which the Government pays for money it borrows. That would represent a great saving to the soldiers.

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