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Thursday, 1 September 1960

Mr Whitlam m asked the Minister representing the Minister for National Development, upon notice -

1.   Has the War Service Homes Division made further surveys of interest rates charged on temporary finance since October, 1959?

2.   On what date and for what period did the division make such surveys?

3.   What were the interest rates and in how many cases was each rate charged?

4.   What were the sources and in how many cases was each source used?

Mr Roberton - The Minister for National Development has supplied the following answers to the honorable member's questions: -

1.   The War Service Homes Division has made a further survey of interest rates charged on temporary finance, since October, 1959.

2.   This survey was made in June, 1960, and covered applicants who were given approval to raise temporary finance during the month of March, 1960.

3.   Details of the interest rates being charged and the number of cases in each category, as disclosed by this review, are as follows: -



4.   The sources from which the temporary finance was raised were as follows: -

Banks - 268 cases.

Building societies and finance companies - 43 cases.

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