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Australians Hold Vast Public Debt Through Banks and Funds
Figures show public debt held by Australians via savings banks life offices friendly societies and the Commonwealth Bank totaling hundreds of millions. About 833,000 war loan subscriptions plus deposits and policies indicate direct or indirect ownership by millions of ordinary people. Local wool auctions report mixed prices for ewes and wethers.
MENTIONED IN THIS ARTICLE
Australia
Commonwealth Bank
London
New York
Commonwealth
Lyong
Savings
Life Assurance and
Industrial Assurance Societies
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