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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 . . .
