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<F1>
THE AGE
MONDAY 1 SEPTEMBER 1980
EDITORIAL OPINION
"A BLAND BUT USEFUL START"
THE COMMITTEE OF INQUIRY INTO THE AUSTRALIAN
FINANCIAL SYSTEM HAS RELEASED ITS INTERIM
REPORT AND ON FIRST READING IT IS A DISAPPOINTING
DOCUMENT. THE 572-PAGE REPORT CONTAINS NO
RECOMMENDATIONS, NO COMMENT ON THE MAJOR
ISSUES RAISED AND LITTLE ANALYSIS OF THOSE ISSUES
OR THE ARGUMENTS PRESENTED BY GROUPS WHICH
MADE SUBMISSIONS OR APPEARED AT THE
COMMITTEE'S PUBLIC HEARINGS.
HOWEVER, THE COMMITTEE, WHICH IS CHAIRED
BY SYDNEY BUSINESSMAN MR KEITH CAMPBELL,
REPRESENTS THE FIRST ATTEMPT IN MORE THAN 40
YEARS TO EXAMINE THE COUNTRY'S FINANCIAL SYSTEM.
IT IS UNDERSTANDABLE THEN THAT IT SAW ITS FIRST
TASK AS DOCUMENTING THE SYSTEM AND THUS DEFINING
THE MAIN AREAS OF CONCERN OR AGREEMENT. THESE
COULD THEN FORM THE BASIS FOR RECOMMENDATIONS
- EITHER FOR CHANGE OR MAINTENANCE OF THE STATUS
QUO. THE LAST LOOK AT THE SYSTEM WAS IN THE
1930S, A ROYAL COMMISSION ON WHAT WAS THEN
THE ENTIRE FINANCIAL STRUCTURE: BANKING . . .
