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Wednesday, 14 July 1915

Mr FISHER - That is a question which rather anticipates events, but perhaps it may be just as well to state now that the Government have decided to seek authority to float a Commonwealth loan in Australia for war purposes only. The amount of the loan will be £20,000,000. It will be . issued at par, and will carry 4§ per cent, interest. Parliament will be asked to give authority for the raising of this loan without delay, I hope tomorrow, and I prefer to leave other particulars and discussion until then.

Dr MALONEY (MELBOURNE, VICTORIA) - Will it be possible to invest small amounts of, say, £10?

Mr FISHER - Yes, the minimum will be £10 as regards bonds, and £100 as regards inscribed stock. I prefer not to anticipate anything beyond announcing the fact that the loan will be for war purposes only, and that it will be placed on the market as authorized in instalments.

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