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CSA045116

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City Council Loans. The Commonwealth Government, in its policy of finance control has taken from

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Unique IDA-00260286SeriesNewsclippings BooksDate6th January 1949FormatNewscuttingDescriptionCity Council Loans. The Commonwealth Government, in its policy of finance control has taken from the non-Government banks, hundreds of millions of deposits into the custody of the Commonwealth, allowing these non-Government banks 17/6 per cent interest thereon—less than one per cent—and this less than one percent has become legendary as the out of pocket cost of the measure of administration of the non-Government banks involved on the custody of these millions of deposits (Kings Cross Times)LanguageEnglish (eng)

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Source system ID759/11/028a

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City Council Loans. The Commonwealth Government, in its policy of finance control has taken from