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Wednesday, 27 May 1931

Senator Sir HAL COLEBATCH asked the Minister representing the Treasurer, upon notice -

1.   What amount of gold has been acquired by the Commonwealth Bank from the private banking institutions since the passing of the amending Commonwealth Bank Act 1929?

2.   To what extent have the private banks been paid for that gold in notes?

3.   Is the Commonwealth Bank under obligation to issue notes to the private banks for \ the remainder, if required to do so by the private banks?

4.   If those notes were issued, what would be the percentage of gold held by the Commonwealth Bank to the total amount of notes issued?

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