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Thursday, 8 April 1965

Senator PALTRIDGE (Western Australia) (Minister for Defence) . - During the course of my comments I indicated that credit unions did in fact lend for housing purposes, as is stated in the letter from which Senator Cavanagh has read, but I indicated also that the maximum loan is £1,000. If the honorable senator cares to pursue his inquiries as to the nature of the finance made available, which the letter describes as being for housing purposes, I am sure he will find that the housing purposes referred to by the organisation are not the purposes of building homes. The advances would be made for expenditure in the nature of a deposit, for repainting, for minor renovations and for things of that kind, but not for home building.

Question put -

That the motion (Senator Cavanagh's) be agreed to.

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