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Tuesday, 20 September 1960

Mr Whitlam m asked the Treasurer, upon notice -

1.   What were the net profits of each private trading bank in its last financial year?

2.   What dividend did each bank receive in its last financial year from (a) a savings bank, (b) a hire purchase company, (c) a unit trust and (d) a development corporation?

Mr Menzies - The answers to the honorable member's questions are as follows: -

1.   Two private trading banks so far have published their net profits for the year 1959-60. These figures, and net profit figures of the other major private trading banks for the year 1958-59, as published by the Commonwealth Statistician, are set out in the following table. Amounts are to nearest £1,000:-


2.   Banks are not obliged to publish details concerning dividends received. However, information derived from published sources is set out below. Amounts are to nearest £1,000 -



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