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Wednesday, 3 June 1942

Mr CHIFLEY (Macquarie) (Treasurer) . - I would rather not go into details concerning the reciprocal lease-lend arrangements. That is a matter about which the Prime Minister (Mr. Curtin) may be prepared to make a statement at a later stage. The honorable member for Moreton (Mr. Francis) has asked for some information about the Government's intentions in relation to the proposed mortgage branch of the Commonwealth Bank. The negotiations are in an advanced stage. One difficulty is that the Commonwealth Bank considers that the strain on its man-power resources is so great that it will not be able to provide the staff for a new mortgage branch. However, I am able to inform the honorable gentleman that the bill to establish the mortgage branch will be brought down as soon as possible.

Question resolved in the affirmative.

Resolution reported.

Standing Orders suspended; resolution adopted.

Ordered -

That Mr. Chifley and Mr. Holloway do prepare and bring in a bill to carry out the foregoing resolution.

Bill presented by Mr. Chifley, and passed through all stages without amendment or debate.

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