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Thursday, 20 October 1949

Mr LANG (REID, NEW SOUTH WALES) - Has the attention of the Treasurer been directed to evidence given by Thomas Richard Pracey, former

Mayor of Waterloo, in the Bankruptcy Court, that he had been given permission by the Capital Issues Advisory Committee at Canberra to borrow £20,000? Will the Treasurer institute inquiries to ascertain on what grounds the Capital Issues Advisory Committee sanctioned the loan, what security was offered, and what was the stated purpose of the loan? Will he ascertain whether the committee was aware that portion of the money was to be invested in the purchase of race-horses and trotters? Were any representations made to the committee on Pracey's behalf by any Federal or State member of Parliament? Will the Treasurer obtain all the papers and lay them on the table of the House?

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