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Thursday, 12 December 1912

Senator READY (TASMANIA) asked the Minister representing the Treasurer, upon notice -

1.   Is the Minister aware that certain financial institutions throughout the Commonwealth have issued instructions to their branch managers to call in advances and overdrafts, with the result that a temporary tightness may be caused in the money market?

x.   Is the Minister aware that this course of action may have a political aspect, and may be an arrangement entered into to injure the present party in power?

3.   Will the Governmentuse every endeavour to expedite the establishment of the Commonwealth Bank,in order that the primary producers of Australia may not be restricted in their operations by the causes mentioned ?

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