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Thursday, 11 September 1958
Page: 1124

Mr CAIRNS (YARRA, VICTORIA) - Does the Prime Minister agree that the operations of hire-purchase companies in Australia are a significant economic problem, in that they materially reduce the funds available to the Commonwealth for essential services and impose unnecessary burdens upon those who borrow from such companies? Does the right honorable gentleman agree, further, that if this problem is left to the States to solve alone we shall get either no action, or action differing from State to State, which would further complicate the financial system? In view of these possibilities, will the right honorable gentleman say why he will not ask the Premiers to discuss with him some effective co-ordinated action in relation to hire purchase and the money market?

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