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Tuesday, 25 November 1941

Mr FALSTEIN (WATSON, NEW SOUTH WALES) - Is the Treasurer aware whether certain Sydney banks have circularized their customers with the object of ascertaining from, them whether or not they desire extensions of their existing overdraft accommodation? If not, in view of the fact that the Government is contemplating the gazetting of banking regulations, will the honorable gentleman make inquiries and ascertain whether this is so ?

Mr CHIFLEY - The general practice has been for the Commonwealth Bank to review the advances policy of the associated banks. It is considered by this Government, as it was by the previous Government, that the Commonwealth Bank is the body most competent to undertake this task during the period of the war. I shall make inquiries from the Commonwealth Bank, and ascertain the facts of the position.

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