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Wednesday, 11 November 1914


Senator GARDINER (New South Wales) (Vice-President of the Executive Council) . - I am quite delighted to be able to give the assurance asked for. Senator Keating will find that provision is made in clause 156 regarding one part of his amendment, and in clause 184 regarding another part. In asking for an assurance the honorable senator has stated exactly the form in which the Government wish the measure to be passed, and that is that each compartment shall be separate from the others. Clause 156 reads -

The creditor shall have the same rights as to sot-off, mutual credit, lien, and priority, and joint and separate assets shall be distributed in the same way, as in bankruptcy,


Senator Keating - That is all right.


Senator GARDINER - That assurance, I think, will be satisfactory to the honorable senator.


Senator Keating - Yes. But did you not say that there was some other clause dealing with the matter?


Senator GARDINER - Yes, clause 184 relates to the other part. I shall have no objection to the reconsideration of the

Bill if my assurance is not quite satisfactory in regard to -what the honorable senator thinks should be there.







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