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Wednesday, 7 December 1960

Mr WHITLAM (WERRIWA, NEW SOUTH WALES) - I ask the Treasurer a question. It is now three weeks since the right honorable gentleman stated that the matter of the rates of interest payable on savings banks deposits would be taken up at once by the Reserve Bank of Australia with the private savings banks, the State savings banks and the Commonwealth Banking Corporation. As this is one feature of the Treasurer's plans which has not been further unfolded, I ask him: What is delaying an announcement of the new rates, and when will it be made?

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