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Thursday, 19 February 1959


Mr BIRD (BATMAN, VICTORIA) - I ask the Treasurer whether it is a fact that the Australian Loan Council has decided to allow local government bodies to borrow an extra £4,000,000 for their works programmes this year. If that is so, and in view of the fact that local government bodies are having great difficulty in obtaining loan funds already authorized by the Loan Council, will the Treasurer appeal to financial institutions to help municipalities to find the loan money already authorized, as well as the additional amount about to be authorized?







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