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Thursday, 8 December 1960

Mr TURNBULL (MALLEE, VICTORIA) - The Treasurer in his statement on the Australian economy stated, among other things, that the Reserve

Bank of Australia would give much more specific guidance to the trading banks on the classes of borrowers, especially certain classes of export producers, whose, activities may reasonably call for additional accommodation. Does this mean that primary producers who have valuable assets now should be able to secure from trading banks this necessary additional accommodation if it can be proved that the assistance is necessary to increase or maintain output in their primary producing activities?

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