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Thursday, 3 March 1932

Mr BEASLEY (West Sydney) (1:46 AM) . - I protest against this proposal to confiscate State Government funds which may he in any of the private hanks. Evidently the Government will stop at nothing in its determination to go on paying the present exorbitant rates of interest to overseas bondholders. If this clause is passed, the money belonging to ordinary citizens will not be safe. Even the savings of the people in the Commonwealth Bank are threatened. The members of the Government are behaving like burglars and embezzlers. They will be robbing' the poor boxes next.

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