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Wednesday, 23 November 1960

Mr JONES (NEWCASTLE, VICTORIA) - I ask the Treasurer whether he is aware that his direction to the private trading banks that overdrafts be reduced is causing considerable embarrassment to contractors engaged on such works of national importance as the building of schools and hospitals. Will he now issue a direction that these contractors be given preferential treatment in his attempt selectively to control trading bank advances, bearing in mind the long delays in connexion with progress and final payments on government contracts?

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