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Wednesday, 12 May 1920

Sir JOSEPH COOK (PARRAMATTA, NEW SOUTH WALES) (Minister for the Navy) . - According to the strict reading of the original Audit Act we are required to pay all public moneys into a bank, which means that we ought to transfer all the gold now held in the Treasury to some bank. But such action was never contemplated. The gold reserve is held in the Treasury, and the amendment embodied in this clause is necessary to provide that it may remain there legally.

Clause agreed to.

Clauses 4 to 7 agreed to.

Clause 8 -

Section 45 of the principal Act is repealed, and the following section inserted in its stead: - 45. (1) The Auditor-General shall, at such intervals as he thinks fit, and whenever required so to do by the Treasurer, inspect, examine, and audit the books and accounts of any accounting officer, and of any person charged with the custody or control of stores belonging to the Commonwealth.

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