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Friday, 16 October 1970

Mr ROBINSON (COWPER, NEW SOUTH WALES) - I ask the Treasurer a question which concerns the marked increase in demand by the farm sector of the community for bank loan accommodation. Is consideration being given to the need for long term bank lending through the Farm Development Loan Fund to which the trading banks have access, and term lending through the Development Bank for the purpose of making loans over periods of 15 years or more with suspension of repayments during seasonal difficulties where necessary? In view of the liquidity difficulties facing many primary producers could this means of assisting them be facilitated by the Government as a first step towards debt reconstruction foreshadowed in the recent Budget?

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