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Thursday, 5 October 1911

Senator ST LEDGER asked the VicePresident of the Executive Council, upon notice -

1.   What are the amounts of the Treasury notes issued to the respective banks in the Commonwealth ?

2.   Have the total amounts so issued to these banks been paid for at their face value in gold by these banks to the Treasury?

3.   If the whole amounts have not been paid in gold, what amount in notes remains so unpaid ?

4.   Under what conditions or terms of contract is the amount of notes unpaid in gold used or held by the banks?

5.   If any contract or conditions do exist, to what extent will that contract or the conditions be affected or' altered Owing to the fact of the Commonwealth Treasurer having lent money to. the States through the banks?

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