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Friday, 26 February 1932


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

That the House do now adjourn. t desire to intimate, particularly for the benefit of those honorable members who have not yet spoken on the second reading of the Financial Agreement Enforcement Bill, that the Government has given consideration to questions that have already been raised during the debate by honorable members who have felt that, perhaps, the States have not been given a full opportunity to express their views regarding the bill. Therefore, the Government has decided that, in committee, it will seek to limit the operation of the measure to a term of two years. The object is merely to assure the States that no injustice will be done to them without giving them full opportunity to consider the provisions of the bill. The intention is merely to limit the operation of the bill to two years, and at the first meeting of the Loan Council, the matter will be brought under the notice of the representatives of the States, so that they may make any suggestions which, in their opinion, would improve the bill in the direction of safeguarding their own interests. There is no necessity to wait two years before making such amendments as the Government may be able to submit to this Parliament.







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