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Wednesday, 30 May 1928


Dr EARLE PAGE - The answers to the honorable member's questions are as follow : -

1.   The amount of the loan was fifty million dollars and the sterling equivalent of this, converted at par is £10,274,324. Deducting the discount in the issue price (£770,575) and the expenses of flotation (£264,135) there remains a balance of £9,239,614 available to the Commonwealth.

2.   £652,632. .







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