FEDERAL BANK BILL.
NO PUBLIC DEMAND. By Telegraph—Press Association—Copyright Melbourne, December 1. In tho Federal House of Representatives,' Mr. Deakin, Leader of tho Opposition, declared that there was no public demand for a Federal Savings Bank. The proposal had emanated from a theoretical cause. Under nationalisation of tho banking business tho States would bo deprived of opportunities of growth. Mr. Fisher, Prime Minister and Treasurer, was of opinion that an essential part of the Commonwealth banking scheme was that the States would not be embarrassed. Ho read a memorandum from the State Premiers objecting to the provisions of tho Bill.
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Bibliographic details
Dominion, Volume 5, Issue 1301, 2 December 1911, Page 7
Word Count
100FEDERAL BANK BILL. Dominion, Volume 5, Issue 1301, 2 December 1911, Page 7
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