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Wednesday, 2 March 1932


Mr JOHN LAWSON (MACQUARIE, NEW SOUTH WALES) - Is the Prime

Minister aware that a certain wool firm in Sydney is charging interest at the rate of only51/2 per cent. on all advances made to its clients, and will the Government institute inquiries with a view to discovering why other, and much larger wool firms, have not made similar reductions in their interest charges? Also, in view of the fact that itis obviously impossible for clients to compel business houses to make such a reduction, will the Government endeavour to prevail upon all other wool firms, money-lending institutions, and banks, to effect similar reductions in interest charges and overdrafts ?







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