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Thursday, 20 May 1920

Sir JOSEPH COOK (PARRAMATTA, NEW SOUTH WALES) (Minister for the Navy) . - I move-

That this Bill be now read a second time.

This is a Bill covering Supply for the first month of the new financial year. The House will probably meet early in the month, but not in sufficient time to make provision for the first payment falling due in July. There is nothing novel in the Bill, no new services are provided for; it simply includes provision for the ordinary ser vices for a full month, and for salaries payable on the 9 th and 23rd July. Provision is made for : - Ordinary votes, £811,000; war services payable from revenue, £227,000; refunds to revenue, £50,000 ; Treasurer's Advance, £750,000. The Treasurer's Advance may seem a; little large, but it is usual at the beginning of every financial year to vote a fairly large amount, because, out of the Treasurer's Advance, it is necessary to begin to spend money on new works and public buildings in process of construction. At. the end of the financial year, as honorable members know, all revenue remaining unexpended is swept up into a trust account; and, as it is necessary to have money available almost immediately at, the beginning of the new year, the Treasurer's Advance, which is a very handy fund for this purpose, is generally reinforced by voting a large sum in the first SupplyBill of the year. The total amount appropriated for the current: financial year is £21,186,000: Onetwelfth of that amount is. £1,755,000. In this Supply Bill, we are really taking £73,000 more than one-twelfth of the full expenditure for the year; but this slight excess is due to the amount which is in- cluded for refunds to revenue, and to an amount of £20,000 embraced in the Treasurer's Advance. Honorable members' trill see that this is merely a carry-on proposition for the first month of the new year, and I commend it to the House.

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