Postal savings system

As noted, the Savings Bank had already moved with a limited form of this lending, limited to deposits alone.

But when it merged with the Post Office Savings Bank as recommended by the Royal Commission, full use of the mechanism was enabled with the issue of debentures and mortgage bonds.

Refer to the Ascent and Destruction of Sovereign Banking in Australia, Part three: A Banking Revolution in Victoria, Elisa Barwick, Australian Alert, twenty twenty-five, and the Credit Foncier System, paper by Mr. Carl Pinchoff, and State Banking Report of the Royal Commission on State Banking, Victoria, eighteen ninety-five.

State banks in every state provided cheap housing loans from nineteen ten, but these were fairly constrained until state housing commissions were established.