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Thursday, 29 May 1941

Senator DARCEY (TASMANIA) asked the Minister representing the Treasurer, upon notice -

1.   Is it a fact that under the National Security Act the Government has the power to take over the whole Australian banking system?

2.   Is it a fact that paragraph 504 of the report of the Royal Commission on Banking states that the Commonwealth Bank can lend interest-free money to the Government?

3.   Is it a fact that the Government will not give Parliament a chance of discussing this commission's findings, because its findings do not conform to the Government's present financial methods?

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