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Tuesday, 23 September 1958

Mr PETERS (SCULLIN, VICTORIA) - Is the Prime Minister aware that the hire-purchase organizations of this country, including all those buttressed by the private banks, have formed a common organization designed to promote their interests? Is the Prime Minister also aware that such a promotion of their own interests by the hire-purchase companies would reduce competition, and that such an organization would be utilized to protect the right of exploitation that is at present enjoyed by hire-purchase companies? If the Prime Minister agrees that such is the case, will he create in this country a committee similar to that which was established in Great Britain, which gave its report to the House of Commons in, I think. July of 1957, on unfair trade practices and restraints on trade? I ask him to do this, of course, in the interests of defending the rights of the people against the organized rights of monopoly capitalism led by the private banking institutions of Australia.

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