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Wednesday, 20 March 1957

Mr WENTWORTH (MACKELLAR, NEW SOUTH WALES) - Can the Treasurer say whether there is an amount of more than £8,000,000 in the Commonwealth Trust Account standing to the credit of the Defence Forces Retirement Benefits Fund, being, in the main, the accumulated subscriptions of members of the forces for their own superannuation? Are the annual payments from the fund only a small fraction of its assets, so that it would be appropriate to make long-term investments of portion of these assets? Would it be possible to lend an amount of money from this fund to a co-operative building society, whose purpose would be to make advances for the building of homes for members of the forces, or ex-members, who are subscribers to this fund?

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