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Thursday, 3 March 1932

Mr LYONS (Wilmot) (Prime Minister and Treasurer) . - I move -

That the following sub-clause be inserted: - " (5a.) Notwithstanding the foregoing pro visions of this section, if the Treasurer is satisfied -

(a)   that any moneys paid to him or to an authorized person in pursuance of this' section include moneys deposited by any person as security for the supply of goods, the per - formance of services or the carrying out of any work; and

(b)   that the conditions on which the moneys were deposited have been fulfilled, the Treasurer may refund those moneys, and any refund so made shall, as between the person making the deposit and the State, be deemed to have been made by the State.".

By this amendment the criticism raised by the right honorable member for Cowper (Dr. Earle Page) is met, because deposits made by contractors and others are safeguarded. The Commonwealth Treasury is required to refund moneys which would have been refunded by the State.

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