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Thursday, 19 May 1960

Mr BIRD (BATMAN, VICTORIA) - Has the attention of the Treasurer been directed to the remarks made yesterday at the meeting of the State Housing Ministers by the Premier of South Australia, Sir Thomas Playford, and the Victorian Minister for Housing, Mr. Petty, to the effect that the Commonwealth Bank cut off funds from the co-operative building societies as soon as they began to receive money under the Commonwealth and State Housing Agreement, which resulted in their being no better off than they were before the agreement started? Will the Treasurer confer with the Commonwealth Bank with a view to inducing it to provide the same financial accommodation to the cooperative building societies as it did before the agreement was reached?

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