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Tuesday, 6 December 1960

Mr UREN (REID, NEW SOUTH WALES) - I preface my question to the Treasurer by directing attention to the new proposal for treating interest on debentures and registered notes in the same way as dividends are treated for taxation purposes. 1 point out that interest charged on bank overdrafts is to be excluded from this kind of treatment. What measures does the Government propose to take to prevent banks from channelling to their respective hire-purchase subsidiaries a good deal of the funds at present made available on overdraft?

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