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Wednesday, 4 May 1932

Mr JAMES (Hunter) .- Is the Prime Minister prepared to accept an amendment to omit from the clause the words " if he thinks fit " ?

Mr Lyons - No.

Mr JAMES - In that case, I move -

That the words "if he thinks fit" be omitted

I have already stated that the clause as it stands places too much discrimination in the hands of the Commonwealth Treasurer, and if my amendment is accepted he will be specifically instructed to deal with moneys held by banks on behalf of the State in the prescribed manner.

Amendment negatived.

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