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Thursday, 3 March 1932

Mr BEASLEY (West Sydney) . - The Prime Minister says that Parliament could not spare the time to have the bill repainted so as to show clearly the effect of the proposed amendments. If it is a waste of time to do what is necessary to enable honorable members to understand the proposed legislation before them, then the Government might as well save as much time as possible, and suppress all discussion, allowing the decisions of the Executive to have the effect of law. Very few honorable members will be able to follow the effect of the amendments which have been proposed. It is always difficult for new members to understand amendments, and if honorable members opposite would speak their minds, they would agree with me that it is desirable that the course suggested by the right honorable member for North Sydney (Mr. Hughes) should be followed. The last Government assisted honorable members, particularly in regard to the taxation bills, by placing before them memoranda explaining the nature of the proposal. I venture a prophesy that, before we have finished with this measure, the drafting office will have sent forward a fresh batch of amendments.

Amendment agreed to.

Clause, as amended, agreed to.

Postponed clause 2 (Parts).

Amendment (by Mr. Lyons) agreed to-

That the words " Part II. - Acceptance by Commonwealth of liability to bondholders " be omitted.

Clause, as amended, agreed to.

Postponed clause 3 (Definitions).

1.   In this act, unless the contrary intention appears - " Prescribed moneys " means moneys owing by any person to a State and becoming payable during the currency of any Proclamation, which, if received by or on behalf of the State, would have formed part of the specified revenue of the State:

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