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Tuesday, 26 February 1980
Page: 333

To the Honourable the Speaker and Members of the House of Representatives in Parliament assembled. The humble petition of James Irvan Horn, an Australian Citizen and British subject of 66 Heytesbury Road, Subiaco, in the State of Western Australia respectfully showeth that the Parliament would be supporting efficient and honest Government by making an inquiry, independent of the current inquiry into the Australian Financial System, into the following two related matters:

(1)   Firstly to investigate whether Private banks make their greater profit from charges for rendering such services as providing Travellers cheques or letters of credit etc, or from the collection of interest from their clients as borrowers on money previously lent at interest.

(2)   Secondly to investigate whether the carrying out of any recommendation to increase interest rates would financially advantage the Chairman and/or members of the Committee of Inquiry into the Australian Financial System if such members of the committee are Private Bank shareholders or financial by advantage Private banks as Proprietors.

Your petitioner therefore humbly prays that the Parliament when examining any recommendation by the Chairman and/or committee of inquiry into the Australian Financial System will at the same time consider any findings Parliament has made as a result of investigations related to ( 1 ) and (2) set out above.

And your petitioners as in duty bound will ever pray. by Mr Shack.

Petition received.







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